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 Saheed Nagar branch in Khordha, Bhubaneswar, Odisha, 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 Khordha or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IDIB000S159. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Saheed Nagar, Khordha
The table below shows the main details of the IFSC Code IDIB000S159 for the Indian Bank branch in Khordha, which falls under the Bhubaneswar district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000S159 |
| Branch | Saheed Nagar |
| City | Khordha |
| District | Bhubaneswar |
| State | Odisha |
| Address | B 2 East ) Saheed Nagar Near Empire Hotel Bhubaneswar Bhubaneswar Pin 751007 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Bank in Khordha for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IDIB000S159 for the Saheed Nagar branch of Indian Bank is vital.
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, including Indian Bank located in Saheed Nagar, Khordha, Odisha, is provided with a unique IFSC like IDIB000S159 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in Khordha.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Khordha and Bhubaneswar.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Indian Bank in Saheed Nagar do not get mixed with another location.
Format of the IFSC Code IDIB000S159
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 Saheed Nagar in Khordha.
For example, the IFSC Code IDIB000S159 of Indian Bank for the Saheed Nagar branch includes these elements, identifying the bank and the branch location in Khordha and Odisha accurately.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000S159 of Indian Bank for its Saheed Nagar branch located in Khordha, the following methods can help:
Cheque Book
The cheque books that are issued by Indian Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Indian Bank branches in Khordha and Bhubaneswar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Bank and find the branch locator section. Search for Saheed Nagar or Khordha to get the exact IFSC Code IDIB000S159.
Mobile Banking App
If you use Indian Bank's mobile app, you can easily 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 to help you in searching for Indian Bank and Khordha that will provide accurate information.
How to Use IFSC Code IDIB000S159 for Online Transfers?
Once you have the IFSC Code IDIB000S159 for the Saheed Nagar branch of Indian Bank in Khordha, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000S159. Transfers are processed in batches. This is 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. Requires the recipient's account details and Indian Bank IFSC Code IDIB000S159.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Saheed Nagar in Khordha may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Indian Bank in Saheed Nagar, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Indian Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Khordha to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000S159.
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 B 2 East ) Saheed Nagar Near Empire Hotel Bhubaneswar Bhubaneswar Pin 751007 located in Khordha, Bhubaneswar, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.