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 Devra branch in Singrauli, Devra, 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 Singrauli or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000D589. 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, Devra, Singrauli
Below in the table are the key details related to IFSC Code IDIB000D589 of Indian Bank for its branch located in Singrauli, within the district of Devra in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000D589 |
| Branch | Devra |
| City | Singrauli |
| District | Devra |
| State | Madhya Pradesh |
| Address | Vill Devra Tehsil Chitrangi Devra Devra Pin 486882 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Singrauli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000D589 for the Devra 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 Devra, Singrauli, Madhya Pradesh, are given a unique IFSC like IDIB000D589 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Singrauli.
- 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 Singrauli and Devra.
- 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 Devra 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 IDIB000D589
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 Devra in Singrauli.
For example, the IFSC Code IDIB000D589 of Indian Bank for the Devra branch includes these elements, identifying the bank and the branch location in Singrauli and Madhya Pradesh correctly.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000D589 of Indian Bank for its Devra branch located in Singrauli, the following methods can help you out:
Cheque Book
The cheque book issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Indian Bank branches in Singrauli and Devra, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Bank and go to the branch locator section. Then search for Devra or Singrauli to find the exact IFSC Code IDIB000D589.
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 maintains an updated database of all IFSC codes. Searching for Indian Bank and Singrauli will provide accurate information.
How to Use IFSC Code IDIB000D589 for Online Transfers?
Once you have the IFSC Code IDIB000D589 for the Devra branch of Indian Bank in Singrauli, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000D589. 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 IDIB000D589.
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 Devra in Singrauli, it can 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 Devra, 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 Singrauli to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000D589.
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 Vill Devra Tehsil Chitrangi Devra Devra Pin 486882 located in Singrauli, Devra, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.