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 Govindgarh branch in Rewa, Govindgarh, Madhya Pradesh, 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 Rewa or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000G623. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Bank, Govindgarh, Rewa

The table below shows the main details of the IFSC Code IDIB000G623 for the Indian Bank branch in Rewa, which falls under the Govindgarh district in Madhya Pradesh.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000G623
Branch Govindgarh
City Rewa
District Govindgarh
State Madhya Pradesh
Address Pal Bhawan Galla Mandi Main Market Govindgarh Govindgarh Pin 486550

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Rewa for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000G623 for the Govindgarh 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 provided by the Reserve Bank of India. Every bank branch, along with Indian Bank located in Govindgarh, Rewa, Madhya Pradesh, are given a unique IFSC like IDIB000G623 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rewa.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Rewa and Govindgarh.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Indian Bank in Govindgarh goes to the correct branch. This is important because Indian Bank has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IDIB000G623

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 Govindgarh in Rewa.

For example, the IFSC Code IDIB000G623 of Indian Bank for the Govindgarh branch includes these elements, identifying the bank and the branch location in Rewa and Madhya Pradesh accurately.

How to Find IFSC Code for Indian Bank?

If you are trying to find the IFSC Code IDIB000G623 of Indian Bank for its Govindgarh branch located in Rewa, 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 Rewa and Govindgarh, 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 Govindgarh or Rewa to get the exact IFSC Code IDIB000G623.

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 Rewa, you'll get the correct details.

How to Use IFSC Code IDIB000G623 for Online Transfers?

Once you have the IFSC Code IDIB000G623 for the Govindgarh branch of Indian Bank in Rewa, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000G623. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Indian Bank IFSC Code IDIB000G623.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Indian Bank Govindgarh in Rewa, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indian Bank in Govindgarh, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Indian Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Rewa manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank in Govindgarh, Rewa?

The IFSC Code is IDIB000G623.

Is the IFSC Code IDIB000G623 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Indian Bank Govindgarh?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Govindgarh branch?

The address of the branch is Pal Bhawan Galla Mandi Main Market Govindgarh Govindgarh Pin 486550 located in Rewa, Govindgarh, Madhya Pradesh.

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.