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 Pahur branch in Yavatmal, Yavatmal, Maharashtra, 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 Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IDIB000P518. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Pahur, Yavatmal
The table below shows the main details of the IFSC Code IDIB000P518 for the Indian Bank branch in Yavatmal, which falls under the Yavatmal district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000P518 |
| Branch | Pahur |
| City | Yavatmal |
| District | Yavatmal |
| State | Maharashtra |
| Address | Pahur Branch At Post Babhulgaon Near Bus Stand Kalamb Road Dist Yavatmal Pin 445101 |
These details help users in online banking and for businesses and individuals who use Indian Bank in Yavatmal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000P518 for the Pahur 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 provided by the Reserve Bank of India. Every bank branch, along with Indian Bank located in Pahur, Yavatmal, Maharashtra, are allotted a unique IFSC like IDIB000P518 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Yavatmal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Yavatmal and Yavatmal.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indian Bank in Pahur reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code IDIB000P518
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 Pahur in Yavatmal.
For example, the IFSC Code IDIB000P518 of Indian Bank for the Pahur branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra accurately.
How to Find IFSC Code for Indian Bank?
If you are looking for the IFSC Code IDIB000P518 of Indian Bank for its Pahur branch located in Yavatmal, 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 Yavatmal and Yavatmal, 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 Pahur or Yavatmal to get the exact IFSC Code IDIB000P518.
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 Yavatmal, then it will provide you proper information.
How to Use IFSC Code IDIB000P518 for Online Transfers?
Once you have the IFSC Code IDIB000P518 for the Pahur branch of Indian Bank in Yavatmal, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000P518. 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 IDIB000P518.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Pahur in Yavatmal 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 Pahur, 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 Yavatmal to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000P518.
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 Pahur Branch At Post Babhulgaon Near Bus Stand Kalamb Road Dist Yavatmal Pin 445101 located in Yavatmal, Yavatmal, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.