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 Sunam branch in Sangrur, Sunam, Punjab, 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 Sangrur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code IDIB000S240. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Sunam, Sangrur
The table below shows the main details of the IFSC Code IDIB000S240 for the Indian Bank branch in Sangrur, which falls under the Sunam district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000S240 |
| Branch | Sunam |
| City | Sangrur |
| District | Sunam |
| State | Punjab |
| Address | Indian Bank Mata Modi Chowk Sunam Sunam Pin 148028 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Sangrur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000S240 for the Sunam branch of Indian Bank has a very 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 Sunam, Sangrur, Punjab, is provided a unique IFSC like IDIB000S240 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Indian Bank branch in Sangrur.
- 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 Sangrur and Sunam.
- 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 Punjab and the rest of India, the IFSC Code ensures that transactions meant for Indian Bank in Sunam do not get misguided to another person.
Format of the IFSC Code IDIB000S240
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 Sunam in Sangrur.
For example, the IFSC Code IDIB000S240 of Indian Bank for the Sunam branch includes these elements, identifying the bank and the branch location in Sangrur and Punjab correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000S240 of Indian Bank for its Sunam branch located in Sangrur, the following methods can help:
Cheque Book
The cheque books that are issued by Indian Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Indian Bank branches in Sangrur and Sunam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Bank and find the branch locator section. Search for Sunam or Sangrur to get the exact IFSC Code IDIB000S240.
Mobile Banking App
If you use Indian Bank's mobile app, you can easily 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 to help you in searching for Indian Bank and Sangrur that will provide accurate information.
How to Use IFSC Code IDIB000S240 for Online Transfers?
Once you have the IFSC Code IDIB000S240 for the Sunam branch of Indian Bank in Sangrur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000S240. 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 IDIB000S240.
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 Sunam in Sangrur, 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 Sunam, 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 Sangrur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000S240.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Indian Bank Mata Modi Chowk Sunam Sunam Pin 148028 located in Sangrur, Sunam, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.