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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Indian Bank for its Satna Kothi branch in Satna, Kothi, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Indian Bank located in Satna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000K802. 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, Satna Kothi, Satna

The table below shows the main details of the IFSC Code IDIB000K802 for the Indian Bank branch in Satna, which falls under the Kothi district in Madhya Pradesh.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000K802
Branch Satna Kothi
City Satna
District Kothi
State Madhya Pradesh
Address Near Stadium Satna Road Kothi Kothi Pin 485666

These details are essential not only for online banking users but also for businesses and individuals who use Indian Bank in Satna for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000K802 for the Satna Kothi branch of Indian Bank plays 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 Satna Kothi, Satna, Madhya Pradesh, is provided a unique IFSC like IDIB000K802 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Indian Bank branch in Satna.
  • 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 Satna and Kothi.
  • 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 Satna Kothi do not get misguided to another person.

Format of the IFSC Code IDIB000K802

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 Satna Kothi in Satna.

For example, the IFSC Code IDIB000K802 of Indian Bank for the Satna Kothi branch includes these elements, identifying the bank and the branch location in Satna and Madhya Pradesh correctly.

How to Find IFSC Code for Indian Bank?

If you are trying to find the IFSC Code IDIB000K802 of Indian Bank for its Satna Kothi branch located in Satna, 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 Satna and Kothi, 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 Satna Kothi or Satna to get the exact IFSC Code IDIB000K802.

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 Satna that will provide accurate information.

How to Use IFSC Code IDIB000K802 for Online Transfers?

If you have the IFSC Code IDIB000K802 for the Satna Kothi branch of Indian Bank in Satna, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000K802. 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 IDIB000K802.

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 Satna Kothi in Satna, it may 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 Satna Kothi, 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 Satna manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank in Satna Kothi, Satna?

The IFSC Code is IDIB000K802.

Is the IFSC Code IDIB000K802 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Indian Bank Satna Kothi?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Satna Kothi branch?

The address of the branch is Near Stadium Satna Road Kothi Kothi Pin 485666 located in Satna, Kothi, 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.