For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Indian Bank for its Kantabada branch in Khordha, Khordha, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Indian Bank located in Khordha or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IDIB000K347. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Indian Bank, Kantabada, Khordha
The table below shows the main details of the IFSC Code IDIB000K347 for the Indian Bank branch in Khordha, which falls under the Khordha district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000K347 |
| Branch | Kantabada |
| City | Khordha |
| District | Khordha |
| State | Odisha |
| Address | Gram Panchayat Building Kantabada Via Baghamari Ps Begunia Pin 752061 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Khordha for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000K347 for the Kantabada branch of Indian Bank has an 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 Kantabada, Khordha, Odisha, are given a unique IFSC like IDIB000K347 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Khordha.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Khordha and Khordha.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Indian Bank in Kantabada goes to the correct branch. This is important because Indian Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000K347
This is the format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Indian Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Kantabada in Khordha.
For example, the IFSC Code IDIB000K347 of Indian Bank for the Kantabada branch includes these elements, identifying the bank and the branch location in Khordha and Odisha accurately.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000K347 of Indian Bank for its Kantabada branch located in Khordha, 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 Khordha and Khordha, 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 Kantabada or Khordha to find the exact IFSC Code IDIB000K347.
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 Khordha will provide accurate information.
How to Use IFSC Code IDIB000K347 for Online Transfers?
If you have the IFSC Code IDIB000K347 for the Kantabada branch of Indian Bank in Khordha, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000K347. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Indian Bank IFSC Code IDIB000K347.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Indian Bank Kantabada in Khordha, it may result in delayed or failed transactions.
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 Kantabada, 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 Khordha manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000K347.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Gram Panchayat Building Kantabada Via Baghamari Ps Begunia Pin 752061 located in Khordha, Khordha, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.