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 Gunnour branch in Panna, Gunour, Madhya Pradesh, 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 Panna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000G650. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Gunnour, Panna
Here are the key points that are associated with the IFSC Code IDIB000G650 of Indian Bank for its branch located in Panna, within the district of Gunour in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000G650 |
| Branch | Gunnour |
| City | Panna |
| District | Gunour |
| State | Madhya Pradesh |
| Address | Silli Taraha Vill Po Gunnaur Gunour Gunour Gunour Pin 488059 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Panna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000G650 for the Gunnour 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Indian Bank located in Gunnour, Panna, Madhya Pradesh, is provided a unique IFSC like IDIB000G650 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Indian Bank branch in Panna.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Panna and Gunour.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Indian Bank in Gunnour do not get misguided to another person.
Format of the IFSC Code IDIB000G650
This is the format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Indian Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Gunnour in Panna.
For example, the IFSC Code IDIB000G650 of Indian Bank for the Gunnour branch includes these elements, identifying the bank and the branch location in Panna and Madhya Pradesh accurately.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000G650 of Indian Bank for its Gunnour branch located in Panna, 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 Panna and Gunour, 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 Gunnour or Panna to get the exact IFSC Code IDIB000G650.
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 Panna that will provide accurate information.
How to Use IFSC Code IDIB000G650 for Online Transfers?
If you have the IFSC Code IDIB000G650 for the Gunnour branch of Indian Bank in Panna, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000G650. Transfers are processed in batches. 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. Asks for the recipient's account details and Indian Bank IFSC Code IDIB000G650.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Indian Bank Gunnour in Panna, it may 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 Gunnour, 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 Panna to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000G650.
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 Silli Taraha Vill Po Gunnaur Gunour Gunour Gunour Pin 488059 located in Panna, Gunour, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.