IFSC Code Details

Indian Bank Magudan Chavadi IFSC Code IDIB000M534

Q: Can I use this IFSC code for NEFT, RTGS, and IMPS?

Yes, the IFSC code IDIB000M534 can be used for all types of electronic fund transfers including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

INDIAN BANK

Branch

MAGUDAN CHAVADI

NEFT RTGS IMPS

IFSC CODE

IDIB000M534

INDIAN BANK - MAGUDAN CHAVADI Details

Bank Name	INDIAN BANK
IFSC Code	IDIB000M534 Use for NEFT, RTGS, IMPS
MICR Code	636019072
Branch Name	MAGUDAN CHAVADI
Address	GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103
City	SALEM
District	SALEM
State	TAMIL NADU
Contact Number	257713

About INDIAN BANK in SALEM

Looking for the IFSC Code of INDIAN BANK, MAGUDAN CHAVADI branch? The code is IDIB000M534.

This branch is situated at GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103 in SALEM district of TAMIL NADU.

You can use this code for online fund transfers via NEFT, RTGS, and IMPS to beneficiaries holding accounts in this branch. Always verify the IFSC code with the cheque book or passbook of the beneficiary before confirming the transaction.

Frequently Asked Questions

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is mandatory for electronic fund transfers like NEFT, RTGS, and IMPS. The first four characters represent the bank, the fifth is always zero, and the last six identify the specific branch.

To transfer money to INDIAN BANK MAGUDAN CHAVADI branch, you need to provide the beneficiary's account number and this IFSC code (IDIB000M534) in your online banking portal or mobile app. This code ensures the funds are routed to the correct branch.

IFSC codes are used for electronic funds transfers (NEFT, RTGS, IMPS), while MICR (Magnetic Ink Character Recognition) codes are used for cheque processing. IFSC is 11 characters long and includes both letters and numbers, whereas MICR is a 9-digit numeric code printed on cheques.

Yes, the IFSC code IDIB000M534 can be used for all types of electronic fund transfers including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

The IFSC code is usually printed on the top or bottom of your cheque leaf, along with the MICR code. You can also find it on your bank passbook, account statement, or by contacting your bank's customer service.

Yes, it is completely safe to share your IFSC code. This code only identifies the bank branch and cannot be used alone to access your account or make unauthorized transactions. However, always verify the recipient before sharing along with your account number.

Indian Bank Magudan Chavadi IFSC Code IDIB000M534

INDIAN BANK - MAGUDAN CHAVADI Details

About INDIAN BANK in SALEM

Frequently Asked Questions

What is an IFSC Code?

How do I use the IFSC Code IDIB000M534?

What is the difference between IFSC and MICR code?

Can I use this IFSC code for NEFT, RTGS, and IMPS?

Where can I find the IFSC code on my cheque book?

Is it safe to share my IFSC code?

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INDIAN BANK in SALEM