There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Indian Bank for its Ramankulangara branch in Kollam, Velayittambalam, Kerala, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Indian Bank situated in Kollam or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code IDIB000R108. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Indian Bank, Ramankulangara, Kollam
The table below shows the main details of the IFSC Code IDIB000R108 for the Indian Bank branch in Kollam, which falls under the Velayittambalam district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000R108 |
| Branch | Ramankulangara |
| City | Kollam |
| District | Velayittambalam |
| State | Kerala |
| Address | Ground Floor Shivagiri Towers Velayittambalam Kavanad Po Pin 691003 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Kollam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000R108 for the Ramankulangara 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 Ramankulangara, Kollam, Kerala, are given a unique IFSC like IDIB000R108 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kollam.
- 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 Kollam and Velayittambalam.
- 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 Ramankulangara goes to the correct branch. This is important because Indian Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000R108
The format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Indian Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Ramankulangara in Kollam.
For example, the IFSC Code IDIB000R108 of Indian Bank for the Ramankulangara branch has these elements, identifying the bank and the branch location in Kollam and Kerala correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000R108 of Indian Bank for its Ramankulangara branch located in Kollam, the following methods can help:
Cheque Book
The cheque book issued by Indian Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Indian Bank branches in Kollam and Velayittambalam, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Indian Bank and navigate to the branch locator section. Search for Ramankulangara or Kollam to get the exact IFSC Code IDIB000R108.
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 keeps an updated list of all IFSC codes. If you search for Indian Bank and Kollam, you'll get the correct details.
How to Use IFSC Code IDIB000R108 for Online Transfers?
Once you have the IFSC Code IDIB000R108 for the Ramankulangara branch of Indian Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDIB000R108. 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 IDIB000R108.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank Ramankulangara in Kollam, your payment can get delayed or might not go through at all.
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 Ramankulangara, 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 Kollam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000R108.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor Shivagiri Towers Velayittambalam Kavanad Po Pin 691003 located in Kollam, Velayittambalam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.