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 Jabalpur Sagar Tilli Road branch in Sagar, Sagar, 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 Sagar or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000T583. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Jabalpur Sagar Tilli Road, Sagar
The table below shows the main details of the IFSC Code IDIB000T583 for the Indian Bank branch in Sagar, which falls under the Sagar district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000T583 |
| Branch | Jabalpur Sagar Tilli Road |
| City | Sagar |
| District | Sagar |
| State | Madhya Pradesh |
| Address | Infront Of Rajgar Karyalaya Tilli Roadtilli Warddistsagar Mp) Tilli Ward Near Bmc Medical College Katra Pin 470002 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Sagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000T583 for the Jabalpur Sagar Tilli Road 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 Jabalpur Sagar Tilli Road, Sagar, Madhya Pradesh, is provided a unique IFSC like IDIB000T583 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Indian Bank branch in Sagar.
- 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 Sagar and Sagar.
- 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 Jabalpur Sagar Tilli Road do not get misguided to another person.
Format of the IFSC Code IDIB000T583
The format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Indian Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Jabalpur Sagar Tilli Road in Sagar.
For example, the IFSC Code IDIB000T583 of Indian Bank for the Jabalpur Sagar Tilli Road branch has these elements, identifying the bank and the branch location in Sagar and Madhya Pradesh correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000T583 of Indian Bank for its Jabalpur Sagar Tilli Road branch located in Sagar, 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
You can easily find the IFSC and MICR codes because most banks, including Indian Bank branches in Sagar and Sagar, print them 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 Jabalpur Sagar Tilli Road or Sagar to get the exact IFSC Code IDIB000T583.
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 Sagar, you'll get the correct details.
How to Use IFSC Code IDIB000T583 for Online Transfers?
Once you have the IFSC Code IDIB000T583 for the Jabalpur Sagar Tilli Road branch of Indian Bank in Sagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000T583. 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 IDIB000T583.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Jabalpur Sagar Tilli Road in Sagar 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 Jabalpur Sagar Tilli Road, 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 Sagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jabalpur Sagar Tilli Road Sagar branch is IDIB000T583.
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 Infront Of Rajgar Karyalaya Tilli Roadtilli Warddistsagar Mp) Tilli Ward Near Bmc Medical College Katra Pin 470002.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.