The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Indian Bank for its Mehgawan branch in Jabalpur, Jabalpur, Madhya Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Indian Bank located in Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000M694. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Mehgawan, Jabalpur
The table below shows the main details of the IFSC Code IDIB000M694 for the Indian Bank branch in Jabalpur, which falls under the Jabalpur district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M694 |
| Branch | Mehgawan |
| City | Jabalpur |
| District | Jabalpur |
| State | Madhya Pradesh |
| Address | Pdpm Iiitdm Campus Mahgawan Dumna Road Mehgawan Khamaria Dist Jabalpur Mahgawan Pin 482005 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Jabalpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000M694 for the Mehgawan branch of Indian Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Indian Bank located in Mehgawan, Jabalpur, Madhya Pradesh, are allotted a unique IFSC like IDIB000M694 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jabalpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Jabalpur and Jabalpur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indian Bank in Mehgawan reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code IDIB000M694
The format of the IFSC Code for banks, including Indian Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Indian Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mehgawan in Jabalpur.
For example, the IFSC Code IDIB000M694 of Indian Bank for the Mehgawan branch includes these elements, identifying the bank and the branch location in Jabalpur and Madhya Pradesh correctly.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000M694 of Indian Bank for its Mehgawan branch located in Jabalpur, the following methods can help you out:
Cheque Book
The cheque book issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Indian Bank branches in Jabalpur and Jabalpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Bank and go to the branch locator section. Then search for Mehgawan or Jabalpur to find the exact IFSC Code IDIB000M694.
Mobile Banking App
If you use Indian Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Indian Bank and Jabalpur will provide accurate information.
How to Use IFSC Code IDIB000M694 for Online Transfers?
Once you have the IFSC Code IDIB000M694 for the Mehgawan branch of Indian Bank in Jabalpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDIB000M694. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Indian Bank IFSC Code IDIB000M694.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank Mehgawan in Jabalpur, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indian Bank in Mehgawan, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Indian Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Jabalpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mehgawan Jabalpur branch is IDIB000M694.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Pdpm Iiitdm Campus Mahgawan Dumna Road Mehgawan Khamaria Dist Jabalpur Mahgawan Pin 482005.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.