For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Indian Bank for its New Patliputra branch in Patna, Patna, Bihar, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Indian Bank located in Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code IDIB000N087. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Indian Bank, New Patliputra, Patna
Here are some of the key details that come with the IFSC Code IDIB000N087 of Indian Bank for its branch located in Patna, within the district of Patna in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000N087 |
| Branch | New Patliputra |
| City | Patna |
| District | Patna |
| State | Bihar |
| Address | Alpana Market New Pataliputra Patna Patliputra Pin 800013 |
These details are essential not only for online banking users but also for businesses and individuals who use Indian Bank in Patna for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000N087 for the New Patliputra branch of Indian Bank plays an 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 New Patliputra, Patna, Bihar, are allotted a unique IFSC like IDIB000N087 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Patna.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Patna and Patna.
- 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 New Patliputra reaches the right place, even though there are thousands of branches in Bihar and across India.
Format of the IFSC Code IDIB000N087
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 New Patliputra in Patna.
For example, the IFSC Code IDIB000N087 of Indian Bank for the New Patliputra branch includes these elements, identifying the bank and the branch location in Patna and Bihar correctly.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000N087 of Indian Bank for its New Patliputra branch located in Patna, 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 Patna and Patna, 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 New Patliputra or Patna to find the exact IFSC Code IDIB000N087.
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 Patna will provide accurate information.
How to Use IFSC Code IDIB000N087 for Online Transfers?
Once you have the IFSC Code IDIB000N087 for the New Patliputra branch of Indian Bank in Patna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDIB000N087. 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 IDIB000N087.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank New Patliputra in Patna, your payment can get delayed or might not go through at all.
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 New Patliputra, 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 Patna manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the New Patliputra Patna branch is IDIB000N087.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Alpana Market New Pataliputra Patna Patliputra Pin 800013.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.