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 Sullurpet branch in Spsr Nellore, Spsr Nellore, Andhra 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 Spsr Nellore or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000S247. 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, Sullurpet, Spsr Nellore
Below in the table are the key details related to IFSC Code IDIB000S247 of Indian Bank for its branch located in Spsr Nellore, within the district of Spsr Nellore in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000S247 |
| Branch | Sullurpet |
| City | Spsr Nellore |
| District | Spsr Nellore |
| State | Andhra Pradesh |
| Address | 45293 Near Y Junction Shar Bypass Road Sullurupet Pin 524121 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Spsr Nellore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000S247 for the Sullurpet 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like IDIB000S247 is given to every bank branch, including Indian Bank located in Sullurpet, Spsr Nellore, Andhra Pradesh, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in Spsr Nellore.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Spsr Nellore and Spsr Nellore.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Andhra Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Bank in Sullurpet doesn't end up at another location.
Format of the IFSC Code IDIB000S247
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 Sullurpet in Spsr Nellore.
For example, the IFSC Code IDIB000S247 of Indian Bank for the Sullurpet branch includes these elements, identifying the bank and the branch location in Spsr Nellore and Andhra Pradesh accurately.
How to Find IFSC Code for Indian Bank?
If you are looking for the IFSC Code IDIB000S247 of Indian Bank for its Sullurpet branch located in Spsr Nellore, the following methods can help:
Cheque Book
The cheque book that is issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Indian Bank branches in Spsr Nellore and Spsr Nellore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Indian Bank and look for the branch locator section, then search for Sullurpet or Spsr Nellore to get the exact IFSC Code IDIB000S247.
Mobile Banking App
If you use Indian Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Indian Bank and Spsr Nellore, then it will provide you proper information.
How to Use IFSC Code IDIB000S247 for Online Transfers?
Once you have the IFSC Code IDIB000S247 for the Sullurpet branch of Indian Bank in Spsr Nellore, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000S247. 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 IDIB000S247.
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 Sullurpet in Spsr Nellore, 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 Sullurpet, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Spsr Nellore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000S247.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 45293 Near Y Junction Shar Bypass Road Sullurupet Pin 524121 located in Spsr Nellore, Spsr Nellore, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.