Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Indian Bank for its Jeypore branch in Koraput, Jeypore, Odisha, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Indian Bank located in Koraput or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IDIB000J067. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Bank, Jeypore, Koraput

Here are the key points that are associated with the IFSC Code IDIB000J067 of Indian Bank for its branch located in Koraput, within the district of Jeypore in the state of Odisha.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000J067
Branch Jeypore
City Koraput
District Jeypore
State Odisha
Address Main Road Jeypore Near Banko Matha Jeypore Jeypore Pin 764001

These details helps users in online banking and for businesses and individuals who use Indian Bank in Koraput for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000J067 for the Jeypore branch of Indian Bank plays a vital 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 Jeypore, Koraput, Odisha, are given a unique IFSC like IDIB000J067 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Koraput.
  • 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 Koraput and Jeypore.
  • 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 Jeypore 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 IDIB000J067

The format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Indian Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Jeypore in Koraput.

For example, the IFSC Code IDIB000J067 of Indian Bank for the Jeypore branch includes these elements, identifying the bank and the branch location in Koraput and Odisha accurately.

How to Find IFSC Code for Indian Bank?

If you are looking for the IFSC Code IDIB000J067 of Indian Bank for its Jeypore branch located in Koraput, the following methods can help:

Cheque Book

The cheque book that is issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Indian Bank branches in Koraput and Jeypore, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Indian Bank and look for the branch locator section, then search for Jeypore or Koraput to get the exact IFSC Code IDIB000J067.

Mobile Banking App

If you use Indian Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Indian Bank and Koraput, then it will provide you proper information.

How to Use IFSC Code IDIB000J067 for Online Transfers?

Once you have the IFSC Code IDIB000J067 for the Jeypore branch of Indian Bank in Koraput, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IDIB000J067. The transfer is completed in batches instead of instantly. It is useful for both 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 IDIB000J067.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank Jeypore in Koraput, 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 Jeypore, 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 Koraput to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank Jeypore Koraput?

The IFSC Code of the Jeypore Koraput branch is IDIB000J067.

Is IFSC Code IDIB000J067 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Indian Bank Jeypore branch?

The branch is located at Main Road Jeypore Near Banko Matha Jeypore Jeypore Pin 764001.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.