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Indian Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Indian Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'IDIB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Indian Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Indian Bank branch. If you are looking for online IFSC Code of Indian Bank you can find here in Goodreturns.

State Wise Indian Bank IFSC & MICR Code

About Indian Bank

Role of Indian Bank IFSC Code For NEFT And RTGS Fund Transfer

Indian bank has made it very convenient for its customers to easily and securely transfer money to other Indian Bank accounts as well as accounts maintained with other banks across India.

Indian bank offer NEFT and RTGS fund transfer facility for online and secure transactions. 


NEFT, or National Electronic Funds Transfer, is a highly secure electronic payment system for carrying out fund transfers between banks throughout India. A NEFT transaction can be carried out by any customer of a CBS division without any cap on the amount of the transfer. Non-customers of a bank can only carry out NEFT transactions for cash transfer of a maximum amount of Rs 50,000. Funds can be transferred from any bank account on the same day, granted that the branch is NEFT approved. To facilitate NEFT transactions, customers must have information such as the recipient's name, account number , address, bank and branch IFSC code. Timings for NEFT transactions are scheduled for weekdays between 8 AM and 7 PM. Customers can only conduct NEFT transactions between 8 am and 1 PM on Saturdays. On an hourly basis, all NEFT transactions will be carried out. 


Another way of rendering electronic payments which is used for high value payment methods is RTGS or Real Time Gross Settlement. RTGS transactions are much faster because they take place in real time, meaning that the transaction is handled as soon as commands have been received by the bank. So transfers are conducted only once at a time, as soon as they are approved. The minimum sum for an RTGS transaction is Rs 2 lakh and the customer must include the required information, such as the name of the beneficiary, the account number, the address, the name of the bank and branch and the IFSC code for the branch to which the money is being transferred.     

Online Ways To Find Indian Bank IFSC Code

A significant component of the fund transfer system is the Indian Bank IFSC Code, as it lets customers prevent failures during the fund transfer method. The Indian Bank IFSC enables the RBI to keep records of all the nationwide transactions that are carried out. To find the Indian Bank's IFSC Code for your branch, you must follow the online methods mentioned below.

Find Indian Bank IFSC Code By Visiting Goodreturns

The full database of appropriate Indian Bank IFSC codes for customers is available on the official Reserve Bank of India website. The best online medium for discovering the IFSC code of any Indian bank branch is either third-party finance portals or the bank's website. Goodreturns.in provides a comprehensive table bearing IFSC codes for Indian Bank branches throughout India. On a 24x7 basis, the IFSC and MICR code of their bank branch can be conveniently and effectively identified by any customer by visiting Goodreturns.in portal. To find the IFSC and MICR code of any Indian Bank branch at your convenience, follow the steps mentioned below.

  • Visit Goodreturns.in and select ‘Banking’ from the top menu bar of the homepage
  • Now under the drop-down menu of banking click on ‘IFSC Code’
  • Now you need to select your bank, state, city and branch from the drop-down list
  • Once you are done click on the ‘Find Bank’ option and the IFSC code of your branch along with the MICR code, contact number, branch address, name of the branch, branch code, etc will appear immediately on the same page.     

Different ways to locate the IFSC and MICR codes of Indian Bank

Customers can use the possibility below to find the IFSC and MICR codes of the Indian Bank.

Via Cheque Book of the bank- Account holders can find the IFSC Code for their branch by searching at a Indian Bank cheque book provided by the Indian bank. The IFSC at the top of the page and the MICR code at the bottom of the page are included in the cheque respectively.

Via Passbook of the bank- The typical bank account details of an account holder are listed on the front page of the passbook. This crucial detail includes the account number, the address of the account holder and the IFSC code of the associated branch of the bank. Hence, when hunting for an IFSC, a passbook is convenient.

Via Mobile Bank of the bank- The Indian Bank Mobile Banking app also offers an alternative to check the specific IFSC and MICR code of your respective branch.

Via Net Banking Portal of Indian Bank- Indian Bank offers its customers the Netbanking platform to reap the benefits of several online banking services which they can enjoy from their luxury in their home or office. Therefore, an account holder can locate the IFSC code of his / her respective branch using the Net banking service.   

Indian Bank MICR Code

The MICR code is a 9-digit number that can be located in the cheque book of your Indian bank account. This code is used for cheques to be processed more quickly. For instance: MICR Code of the Digboi Branch, Assam is 786019003, and MICR Code of Gaya Branch, Bihar is 823019096.

Ways to find Indian Bank MICR Code

One can find MICR code of his / her bank branch by following the ways below:

Indian Bank Cheque Book: The MICR code can be found printed on the bottom of a cheque sheet.

Indian Bank Passbook: Another way that can be used to get the Indian Bank MICR Code is the Passbook that is issued to the account holders by the bank.

Indian Bank Net banking and Mobile Banking: To find the same, customers can log into the Indian Bank Netbanking Account or the Mobile Banking App of the bank. 

Indian Bank Swift Code

SWIFT is a platform that transfers and collects financial transaction information across the world. The SWIFT code of the Indian Bank is a specific identifier that is in the usual format of the Bank Identifier Code (BIC) and must be issued when international fund transactions are made. The code helps banks to maintain contact about international transactions.   

Key difference between Indian Bank IFSC, MICR and SWIFT code

Before initiating a fund transfer, please give a consideration to the below difference between Indian Bank IFSC, MICR and SWIFT code for a better understanding.


  • Full form of IFSC- Indian Financial System Code
  • A unique identification code that is necessary for the electronic transfer of funds through the NEFT, RTGS and IMPS systems
  • This code has 11 alphanumeric characters that varies from branch to branch of a particular bank


  • Full form of MICR: Magnetic Ink Character Recognition
  • The MICR code uses magnetic ink which makes it easy to handle a large number of cheques.
  • This code has 9-digits which again differ across branches of a particular bank


  • Full form of SWIFT: Society for Worldwide Interbank Financial Telecommunication
  • The Swift code helps to recognise the financial institution more quickly, thereby allowing an immediate international transfer of money
  • This code has 8 to 11 characters respectively

Structure of Indian Bank SWIFT Code

A SWIFT code is a common form for Business Identifier Codes (BIC), which is also known as a SWIFT number. They are used by banks and financial institutions to classify themselves internationally. A form of international bank code or ID, it states who and where they are. While transferring funds across banks, these codes are used, especially for overseas wire transfers or SEPA payments. These codes are also used by banks to pass messages with each other. An 8-11 character code is a SWIFT / BIC that recognizes your country, city, bank, and branch details. 

Indian Bank SWIFT Code details

  • Swift code (8 characters): IDIBINBB
  • Branch Name: INDIAN BANK
  • Branch code: MAS
  • Bank Name: Indian Bank
  • City: Chennai
  • Country: India

Break down of Indian Bank SWIFT Code

SWIFT Code of Indian Bank is IDIBINBBMAS

  • Here, ‘IDIB’ represents the bank code, then ‘IN’ represents the country code, the next two letters ‘BB’ represents the location and the last three digits represent the branch. 
  • Bank code A-Z: The first four letters represent the bank, it basically looks like a shortened form of the name of the bank.
  • Country code A-Z: The next two letters represent the country where the bank is located.
  • Location code 0-9 A-Z: 2 characters, which consist of letters or numbers. It states where the Head Office of that bank is located.
  • Branch Code 0-9 A-Z: 3 digits which specify a specific branch. 'XXX' reflects the head office of the bank.

Indian Bank - IMPS(Immediate Mobile Payment Service)

Indian Bank's customers can transfer funds from one bank account to another using their mobile phone via the Immediate Mobile Payment Service (IMPS). This 24/7/365 instant electronic mobile money transfer service provides users the advantage of real-time transfer of funds, ensuring the beneficiary with immediate credit. A mobile phone, a legitimate Mobile Money Identifier (MMID) and an MPIN are all important for carrying out the fund transfer through IMPS.

Eligibility required for Indian Bank IMPS service

Customers need to fall under the following requirements to be eligible for the Indian Bank IMPS fund transfer:

  • The customer must have an Indian Bank account and must have his or her mobile number identified / registered with the bank.
  • In order to transfer funds from your mobile phone to the recipient, you should have a legitimate Mobile Money Identifier (MMID) linked to a bank account (savings account, salary account, or current account).
  • To allow a transfer from one account to another, you need to have a valid MPIN.
  • Only funds can be received from customers who do not have an MPIN.

Features and benefits of Indian Bank IMPS

Customers can initiate the use of the Indian Bank IMPS fund transfer service to allow instant electronic mobile money transfers. Here are some of the advantages of this facility.

  • In a single day, customers can transfer up to Rs.50,000 using IMPS
  • The recipient immediately receives the transfer.
  • The service is accessible 24x7x365
  • Even on bank holidays, public holidays and Sundays, IMPS fund transfer can be initiated anywhere and at any time.
  • It is possible to make IMPS transactions to cover energy bills, top-up DTH, pay credit card bills, cover educational fees, buy travel tickets and more
  • The use of IMPS can be facilitated by all consumers having an Indian bank account.
  • Customers can either use their Mobile Money Identifier (MMID), their mobile number, or the bank account number and IFSC code of the bank to trigger an IMPS fund transfer.
  • If the transaction is made, a message confirming the transaction will be sent to both receiver and sender
  • IMPS fund transfer service is completely free of charge

Procedure to transfer funds using Indian Bank IMPS Fund Transfer

There are 2 methods through which an Indian Bank customer can use the IMPS fund transfer facility to transfer funds:

Internet Banking Service Provided By Indian Bank: In order to make an IMPS transfer using one's online bank account, the user must first add the payee and then transfer the money once the bank has approved the payee account. Once a recipient is added, the details for subsequent transfers will be recorded.   

Steps to add beneficiary

  • Visit Indian Bank net banking portal and sign in to your account using the user id and password
  • Select  “Fund Transfer” and click on “Add Payee” from the same bank or “Add Payee” from a bank other than Indian Bank
  • Now enter the required details of the beneficiary i.e. Account name, account type, bank account number and IFSC code.
  • Now enter the mobile number of the beneficiary
  • Once the process is completed the bank will send you a confirmation message for the same on your registered mobile number

Steps to initiate IMPS transfer

  • The payee will usually be confirmed within 30 minutes by the bank. Click on "Fund Transfer" again once that is completed.
  • Now select IMPS as the method of fund transfer
  • Now select “IMPS using IFSC code” or “IMPS using MMID” and enter the amount that you are willing to transfer
  • Please click on "confirm." If necessary, enter the OTP or enter the selected grid numbers on your debit card.


An Indian customer can remit funds to whom he / she wants to via SMS also.What he / she has to do is to send SMS details of the MMID and mobile number of the beneficiary and his / her MMID. The following are the measures to enable the IMPS fund transfer via SMS.

The customer is required to send SMS details to 9444394443 in the specified format-

Enter the mobile number of the beneficiary first, then enter MMID of the beneficiary, then amount you want to transfer, then enter MPIN and your MMID.

Recipient’s details required for Indian Bank IMPS

The Indian bank customer must first enter the details of the beneficiary in order to facilitate the transfer. One can either transfer funds using the MMID of the beneficiary or the IFSC code of the bank or the beneficiary's account number (when the transaction is carried out online). 

MMID: For a customer, a Mobile Money Identification number is a seven-digit code that is specific. The MMID is linked to the customer's bank account. In an MMID code, the first four digits are the bank's unique code. The MMID can be generated by a customer via their internet banking account, at an ATM or via a mobile banking app or SMS. The below-listed specifics are required to specify for those transferring funds through the MMID.

  • Name, mobile number and MMID of the beneficiary

IFSC Code: The customer of the Indian Bank can also transfer funds using the account number and the beneficiary's IFSC code of the bank. To execute a transaction using the IFSC method, enter the details listed below. The IFSC code helps to find the recipient’s bank branch. 

  • Name, account number and IFSC Code of the beneficiary’s bank branch

Indian Bank NEFT Form

Indian Bank provides the facility for fund transfer via NEFT to its customers. Through visiting the bank and filling out the Indian Bank NEFT Form, or online via mobile banking or internet banking, customers can use the NEFT service.

Steps to fill Indian Bank NEFT Form

Indian Bank NEFT services are available in 2 forms.


By providing the following specifics, customers can fulfill the Indian Bank NEFT Form online.

  • Name, account number, Indian Bank IFSC code / other Bank IFSC Code of the recipient
  • Amount to be remitted
  • Account type of the recipient
  • Choose NEFT as the fund transfer option if transferring through online


By providing the following specifics, customers can fill out the Indian Bank NEFT Form offline.

  • Name, account number, IFSC code of the recipient
  • Amount to be remitted
  • Account type of the recipient
  • Name, account number and IFSC code of the sender
  • Account type of the recipient as well as the sender

Indian Bank NEFT Timing and Limit

As per the Reserve Bank of India (RBI), up to Rs.50,000/- cash remittance is allowable only during offline transactions and there is no cap for online transactions. Cash remittance is also allowed for non-customers up to Rs.50,000/- only. NEFT exists on weekdays in hourly batches from 8 am to 7 pm and from 8 am to 1 pm on Saturday respectively. 

Indian Bank MMID

The modern era is an example of the innovative variety of services and products that people can use to effortlessly handle their lifestyles. If we take technology and innovation into consideration, it takes us to the context of the financial system, where more development has been made in revolutionary progress than can be considered. The modern strategies put in place by banks for transferring money have helped customers to send and receive money in a safe and secure way. With IMPS, a sender or bank customer can transfer funds almost instantly to the account of another individual keeping a bank account, whether with the same bank or another. As the IMPS platform is available round the clock, at any time of the day, and even on a holiday, a customer can transfer money to another account in a seamless way. IMPS, also regarded as the Immediate Payment Service, is a way to quickly transfer money. IMPS can be operated using a mobile phone on which the Indian bank's banking application has been activated. IMPS has a depth insight since it allows the holder of a bank account to transfer funds directly and instantly to the account of the beneficiary or payee. And even IMPS service can be used at online sites, merchant stores and even you can pay your credit card bill from the comfort of your home or office.   

How to transfer funds to the beneficiary?

NEFT, RTGS and IMPS are typically the most common facilities that are used by an individual to make a fund transfer to another individual. From both, IMPS is usually perceived to be more versatile and acceptable for a regular holder of a bank account. Let's take a closer look at the attributes of those facilities that make them appealing to a customer:

  • Online transaction platforms are open during the year, mostly at all hours of the day. IMPS is available 24 x 7, although it is possible to use NEFT and RTGS within limited operating hours. This implies that customers no longer have to wait in a long queue to deposit money into his or her account, or to withdraw or make a transfer to another individual.
  • Customers can finally, at the convenience of their home, access banking facilities. They don't have to walk out of their residence now to deposit money, withdraw money or transfer money respectively.
  • The convenience of digital transactions exists mostly when a customer is willing to do the same, even on a bank holiday, national holiday, anytime and anywhere.

Requirement to use IMPS service

Through IMPS, an individual can transfer funds almost immediately to the account of another individual keeping a bank account, either with the same bank or another. As the IMPS facility is accessible 24/7, at any time of the day, and even on a holiday, a customer can transfer money to another account.  

How to receive money through MMID Indian Bank?

IMPS, also regarded as the Immediate Payment Service, is a way to quickly transfer funds. IMPS fund transfer service can be operated using a mobile phone on which the Indian bank's banking application has been activated. IMPS has a deep insight since it allows the holder of a bank account to transfer funds directly. If he wants to receive an amount of money using the IMPS platform, one must follow the below-listed steps:

  • Well first of all, the customer must register his mobile phone number with his Indian bank account.
  • On request, Indian bank MMID can be received at the next point.
  • The customer needs to share his mobile number and MMID code with the sender, whenever the customer needs to receive funds through IMPS mode.
  • When such information has been shared, the customer will be allowed to request the sender to transfer the money to his or her bank account.
  • Upon effective completion of the transaction, an SMS notification shall be provided to the individual confirming that the transfer of money has been successfully transferred to the bank account of the beneficiary.  

Indian Bank Timings

Indian Bank provides customers a range of baking services. Customers can conveniently use net-banking and mobile banking services from the Indian Bank. If you chose to undertake your business with the bank as a walk-in customer, then Indian Bank Timings should be considered. Well let's discover about the timing of the Indian Bank. Indian Bank had limited the number of employees after the national lockdown and temporarily scrapped some services. Nevertheless, from 10:00 AM to 4:00 PM from Monday to Saturday, the bank re-established its operating hours in August, that is (except 2nd &4th Saturday and bank holidays). Indian Bank has confirmed that all financial services, which include passbook updating, cash deposit/withdrawal, account opening, etc., will now be accessed by bank branches. Unless completely required, customers are instructed not to visit the branch. Instead, in addition to use banking facilities, customers can use Indian Bank Mobile Banking from the comfort of their home or workplace. 

Indian Bank Working Hours

Timings for branches of the Indian Bank can differ from branch to branch. You can visit the Indian Bank on weekdays and on the 1st, 3rd, 5th Saturdays of the month to render banking services as long as it is not a holiday. At those hours, you can open a bank account, deposit and withdraw cash, apply for a locker facility, update or apply for a passbook, or apply for a debit or credit card respectively. Remember that on gazetted holidays or any day the bank declares as a holiday, the bank will stay closed.   

  • Indian Bank Timings from (Monday to Friday: 10:00 AM to 4:00 PM
  • Indian Bank Timings on 1st, 3rd, 5th Saturdays: 10:00 AM to 4:00 PM
  • Indian Bank Timings on 2nd, 4th Saturdays and Sundays: Bank is closed

Indian Bank Lunch Timings

Employees of the Indian Bank go for their lunch on a rotational basis so that operation during working hours is not disrupted. Timings for lunch are from 1:00 pm to 2:00 pm. During that hour, you can visit the bank to use some of the facilities. In this time, Indian Bank employees will also gladly support you. 

Procedure to transfer funds through RTGS offline at Indian Bank

Nowadays all banks have net banking facilities for easy transfer of funds via RTGS or NEFT, while some individuals who can not use net banking facilities can use offline mode to transfer funds via RTGS or NEFT. All banks provide two forms of facilities to transfer the funds very easily from one account to another one. Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). RTGS is preferably used if the transaction amount or the amount that you want to transfer is having a large value i.e. 2 lakhs and above. But when it comes to NEFT there are no minimum or maximum cap of fund transfer. To transfer money from Indian Bank via RTGS or NEFT Offline, you need to follow the step-by-step procedure below to transfer funds by visiting your nearest Indian Bank branch. 

  • Visit your nearest Indian Bank Home Branch along with the appropriate documents such as account details of the remitter, account details of the beneficiary, bank branch & the beneficiary's IFSC, etc.
  • Meet with the Receptionist or Bank Executive and receive the fund transfer RTGS/NEFT Transaction Request Form from him or her.
  • Now fill the form with the required details such as date, amount to be remitted/ transferred (both in figures and words), name, account number, IFSC Code, bank name and branch name of the beneficiary, name and account number of the remitter.
  • The required declaration at the bottom of the RTGS/NEFT Transaction Request Form must be confirmed.
  • The provided space at the bottom of the RTGS/NEFT Transaction Request Form must be signed.
  • Submit the duly filled up RTGS/ NEFT at the bank and in order to get it verified by the bank executive.
  • Once your form is verified you will get an acknowledgement of your request.
  • After due confirmation, the Indian Bank will transfer the funds from your account to the beneficiary's account via RTGS or NEFT.
  • Indian Bank will alert you either by SMS to your registered mobile number or by email about the processing of your RTGS or NEFT transfer fund request from your account as soon as the transaction is made. If no confirmation is received from you, you can call your branch to verify if the transaction is processed.   

Indian Bank IMPS Charges

Via IMPS or Immediate Payment Service, one of the simplest and quickest ways to transfer money is a fund transfer method that operates in real time, enabling you to make transfers to the recipient within 30 minutes. Indian Bank delivers IMPS facilities to every person in one of its multiple branches who holds an account. But for every successful transfer, every account holder is required to pay Indian Bank IMPS charges. IMPS transactions have several charges associated with them. Such charges are normal and refer to the amount you transfer. IMPS fees of the Indian Bank are as follows:

  • For transactions up to Rs. 25000: NIL
  • For transactions above Rs. 25000 up to Rs. 2 lakh: Rs 6+GST

What is MMID?

Every customer who prefers mobile banking services is provided a Mobile Money Identifier or MMID. This is a unique number of seven digits that you can use to render fund transfers via IMPS. Every MMID is correlated with the account you maintain with the bank. Through installing the mobile banking application, using an ATM or SMS, you can get your MMID from your internet banking account. The use of an MMID and a mobile number makes it very secure to conveniently transfer funds to the appropriate account. MMID can also be generated by Indian Bank account holders by sending an SMS to 9444394443 from their registered mobile number. Indian Bank will establish for each account a unique MMID and deliver it to the registered mobile number of the customer.   

Key benefits of Indian Bank IMPS

  • All Indian bank account holders can use this facility.
  • One can transfer funds using IMPS on a 24x7 basis
  • In a day, account holders can transfer up to Rs.2 lakh via IMPS.
  • Even on bank holidays and Sundays, the service is open.
  • You can also use IMPS Transactions to pay your credit card payments, utility bills, and make online purchases from your smartphone.

Steps to add a beneficiary for IMPS

Before you render an IMPS transfer to your Indian bank account, the following measures must be taken to add a beneficiary:

  • Sign in to your Indian Bank net banking or mobile banking account
  • Select “Fund Transfer” and “Add payee”
  • Now enter the required details of the beneficiary such as MMID and mobile number, bank account number and IFSC code of the branch of the beneficiary. 
  • Once you are done, click on ‘Confirm’
  • A successful confirmation message for adding the beneficiary will be sent to your registered mobile number or email by the bank instantly.

Steps to make a fund transfer from Indian Bank to other banks online

If you are a customer of Indian Bank and willing to transfer funds from your Indian Bank account to other accounts, you can initiate the same via online if you are a net banking user i.e. your account is enabled with Indian bank net banking and mobile banking service. You can transfer funds easily and within a few minutes to another account. You can transfer funds to an account with Indian Bank and even with other banks. And for the same follow the below-listed steps to transfer funds to other accounts across the country without any hassle.

  • Visit the official site of Indian Bank and sign in to your net banking account using the User ID and password.
  • Now click on the ‘Login’ button.
  • Now you will be redirected to the homepage of your net banking account where you need to click on the ‘Fund Transfer’ option.
  • Multiple options for transferring funds to any account appear on the screen of your device. You need to add the beneficiary before you go ahead to transfer the amount.   

Format Of Indian Bank Account Number IFSC And MICR Code

Indian Bank, set up in 1907, is a state-owned banking and financial services company. With a nationwide footprint of 2836 branches, the bank is headquartered in Chennai. It provides a variety of financial and banking services, such as savings accounts, fixed deposits, loans, etc. An applicant receives an Indian Bank account number for each financial instrument. It has a reach, through its international correspondence banks, in 75 countries. In addition, Indian Bank has its international branches in Colombo and Singapore. With a wide variety of banking and financial services provided to its customers, it is one of the top-performing public sector banks in India. Indian Bank, via its two branches, namely Indbank Merchant Banking Services Ltd. and Indbank Housing Ltd., also provides diversified financial services. By stepping into the central banking structure and digital technology, most conventional banks have evolved to become streamlined. Practically, in the banking industry, the central banking system provides more reliability as the whole bank is viewed as one framework that enables account holders to run the account from any corner of the country. Like several other banks, back in 2008, Indian banks were also migrated to the key banking network. Net banking and mobile banking facilities are also offered by the Indian bank to support you to manage your bank account on the go. Using your core banking account number, electronic transfers such as IMPS (Immediate Payment Services), RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) allow you to receive and send funds at any time.   


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