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 Yamuna Vihar branch in North East Delhi, Delhi, Delhi, 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 North East Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code IDIB000Y010. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Yamuna Vihar, North East Delhi
The table below shows the main details of the IFSC Code IDIB000Y010 for the Indian Bank branch in North East Delhi, which falls under the Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000Y010 |
| Branch | Yamuna Vihar |
| City | North East Delhi |
| District | Delhi |
| State | Delhi |
| Address | B1/3 Yamuna Vihar Delhi Bhajan Pura Pin 110053 |
These details helps users in online banking and for businesses and individuals who use Indian Bank in North East Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000Y010 for the Yamuna Vihar 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, including Indian Bank located in Yamuna Vihar, North East Delhi, Delhi, is provided with a unique IFSC like IDIB000Y010 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in North East Delhi.
- 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 North East Delhi and Delhi.
- 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 Delhi and the rest of India and the IFSC Code ensures that transactions meant for Indian Bank in Yamuna Vihar do not get mixed with another location.
Format of the IFSC Code IDIB000Y010
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 Yamuna Vihar in North East Delhi.
For example, the IFSC Code IDIB000Y010 of Indian Bank for the Yamuna Vihar branch includes these elements, identifying the bank and the branch location in North East Delhi and Delhi accurately.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000Y010 of Indian Bank for its Yamuna Vihar branch located in North East Delhi, the following methods can help you out:
Cheque Book
The cheque book issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Indian Bank branches in North East Delhi and Delhi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Bank and go to the branch locator section. Then search for Yamuna Vihar or North East Delhi to find the exact IFSC Code IDIB000Y010.
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 maintains an updated database of all IFSC codes. Searching for Indian Bank and North East Delhi will provide accurate information.
How to Use IFSC Code IDIB000Y010 for Online Transfers?
Once you have the IFSC Code IDIB000Y010 for the Yamuna Vihar branch of Indian Bank in North East Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000Y010. 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 IDIB000Y010.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Yamuna Vihar in North East Delhi may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indian Bank in Yamuna Vihar, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in North East Delhi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000Y010.
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 B1/3 Yamuna Vihar Delhi Bhajan Pura Pin 110053 located in North East Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.