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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Indian Bank for its Karrai Parasurai branch in Nalanda, Karai Parasurai, or Bihar, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Indian Bank located in Nalanda or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code IDIB000K593. 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, Karrai Parasurai, Nalanda
The table below shows the main details of the IFSC Code IDIB000K593 for the Indian Bank branch in Nalanda, which falls under the Karai Parasurai district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000K593 |
| Branch | Karrai Parasurai |
| City | Nalanda |
| District | Karai Parasurai |
| State | Bihar |
| Address | Vill Po Karai Parasurai Dist Nalanda 801 304 Karai Parasurai Karai Parasurai Pin 801304 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Bank in Nalanda for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IDIB000K593 for the Karrai Parasurai 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, along with Indian Bank located in Karrai Parasurai, Nalanda, Bihar, are given a unique IFSC like IDIB000K593 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nalanda.
- 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 Nalanda and Karai Parasurai.
- 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 Karrai Parasurai goes to the correct branch. This is important because Indian Bank has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000K593
The format of the IFSC Code for banks, including Indian Bank, has 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 Karrai Parasurai in Nalanda.
For example, the IFSC Code IDIB000K593 of Indian Bank for the Karrai Parasurai branch includes these elements, identifying the bank and the branch location in Nalanda and Bihar correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000K593 of Indian Bank for its Karrai Parasurai branch located in Nalanda, 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 Nalanda and Karai Parasurai, 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 Karrai Parasurai or Nalanda to get the exact IFSC Code IDIB000K593.
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 Nalanda, you'll get the correct details.
How to Use IFSC Code IDIB000K593 for Online Transfers?
Once you have the IFSC Code IDIB000K593 for the Karrai Parasurai branch of Indian Bank in Nalanda, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDIB000K593. 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 IDIB000K593.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank Karrai Parasurai in Nalanda, your payment can get delayed or might not go through at all.
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 Karrai Parasurai, 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 Nalanda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000K593.
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 Vill Po Karai Parasurai Dist Nalanda 801 304 Karai Parasurai Karai Parasurai Pin 801304 located in Nalanda, Karai Parasurai, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.