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 Koduvally branch in Kozhikode, Kozhikode, Kerala, 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 Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IDIB000K357. 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, Koduvally, Kozhikode
The table below shows the main details of the IFSC Code IDIB000K357 for the Indian Bank branch in Kozhikode, which falls under the Kozhikode district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000K357 |
| Branch | Koduvally |
| City | Kozhikode |
| District | Kozhikode |
| State | Kerala |
| Address | Pk Building, Vavad Post, Koduvally, Kozhikode-673752 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Kozhikode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000K357 for the Koduvally 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 Koduvally, Kozhikode, Kerala, are allotted a unique IFSC like IDIB000K357 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kozhikode.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kozhikode and Kozhikode.
- 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 Koduvally reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code IDIB000K357
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): 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 Koduvally in Kozhikode.
For example, the IFSC Code IDIB000K357 of Indian Bank for the Koduvally branch includes these elements, identifying the bank and the branch location in Kozhikode and Kerala accurately.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000K357 of Indian Bank for its Koduvally branch located in Kozhikode, 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 Kozhikode and Kozhikode, 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 Koduvally or Kozhikode to get the exact IFSC Code IDIB000K357.
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 Kozhikode that will provide accurate information.
How to Use IFSC Code IDIB000K357 for Online Transfers?
Once you have the IFSC Code IDIB000K357 for the Koduvally branch of Indian Bank in Kozhikode, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000K357. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Indian Bank IFSC Code IDIB000K357.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Indian Bank Koduvally in Kozhikode, it can 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 Koduvally, 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 Kozhikode to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000K357.
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 Pk Building, Vavad Post, Koduvally, Kozhikode-673752 located in Kozhikode, Kozhikode, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.