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 Manvi branch in Raichur, Manvi, or Karnataka, 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 Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code IDIB000M339. 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, Manvi, Raichur
Here are the main details that are associated with the IFSC Code IDIB000M339 of Indian Bank for its branch located in Raichur, within the district of Manvi in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M339 |
| Branch | Manvi |
| City | Raichur |
| District | Manvi |
| State | Karnataka |
| Address | 105452/3 Rukmini Mansion Raichur Road Manvi Manvi Pin 584123 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Raichur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000M339 for the Manvi branch of Indian Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like IDIB000M339 is given to every bank branch, including Indian Bank located in Manvi, Raichur, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in Raichur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Raichur and Manvi.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Bank in Manvi doesn't end up at another location.
Format of the IFSC Code IDIB000M339
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 Manvi in Raichur.
For example, the IFSC Code IDIB000M339 of Indian Bank for the Manvi branch includes these elements, identifying the bank and the branch location in Raichur and Karnataka correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000M339 of Indian Bank for its Manvi branch located in Raichur, 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 Raichur and Manvi, 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 Manvi or Raichur to get the exact IFSC Code IDIB000M339.
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 Raichur, you'll get the correct details.
How to Use IFSC Code IDIB000M339 for Online Transfers?
Once you have the IFSC Code IDIB000M339 for the Manvi branch of Indian Bank in Raichur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000M339. 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 IDIB000M339.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Manvi in Raichur 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 Manvi, 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 Raichur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000M339.
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 105452/3 Rukmini Mansion Raichur Road Manvi Manvi Pin 584123 located in Raichur, Manvi, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.