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 Jaipur Rajsamand branch in Rajsamand, Rajsamand, Rajasthan, 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 Rajsamand or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code IDIB000R552. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indian Bank, Jaipur Rajsamand, Rajsamand

Here are the key points that are associated with the IFSC Code IDIB000R552 of Indian Bank for its branch located in Rajsamand, within the district of Rajsamand in the state of Rajasthan.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000R552
Branch Jaipur Rajsamand
City Rajsamand
District Rajsamand
State Rajasthan
Address Natraj Palace Near Lavish Honda Nathdwara Kankroli Road Kankroli Pin 313324

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Rajsamand for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000R552 for the Jaipur Rajsamand branch of Indian Bank has an 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 Jaipur Rajsamand, Rajsamand, Rajasthan, is provided a unique IFSC like IDIB000R552 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Indian Bank branch in Rajsamand.
  • 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 Rajsamand and Rajsamand.
  • 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 Rajasthan and the rest of India, the IFSC Code ensures that transactions meant for Indian Bank in Jaipur Rajsamand do not get misguided to another person.

Format of the IFSC Code IDIB000R552

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 Jaipur Rajsamand in Rajsamand.

For example, the IFSC Code IDIB000R552 of Indian Bank for the Jaipur Rajsamand branch includes these elements, identifying the bank and the branch location in Rajsamand and Rajasthan accurately.

How to Find IFSC Code for Indian Bank?

If you are trying to find the IFSC Code IDIB000R552 of Indian Bank for its Jaipur Rajsamand branch located in Rajsamand, 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 Rajsamand and Rajsamand, 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 Jaipur Rajsamand or Rajsamand to get the exact IFSC Code IDIB000R552.

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 Rajsamand, you'll get the correct details.

How to Use IFSC Code IDIB000R552 for Online Transfers?

If you have the IFSC Code IDIB000R552 for the Jaipur Rajsamand branch of Indian Bank in Rajsamand, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000R552. 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 IDIB000R552.

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 Jaipur Rajsamand in Rajsamand, it 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 Jaipur Rajsamand, 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 Rajsamand manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank Jaipur Rajsamand Rajsamand?

The IFSC Code of the Jaipur Rajsamand Rajsamand branch is IDIB000R552.

Is IFSC Code IDIB000R552 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Indian Bank Jaipur Rajsamand branch?

The branch is located at Natraj Palace Near Lavish Honda Nathdwara Kankroli Road Kankroli Pin 313324.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.