INDIAN BANK IFSC Code KOTTAKUPPAM Branch: IDIB000K049
IFSC stands for Indian Financial System Code. It is an 11 (eleven) character alphanumeric code that uniquely identifies a bank branch. IFSC is used when funds are electronically transferred through real time gross settlement (RTGS) or the national electronic funds transfer (NEFT) method. Out of the 11 characters of IFSC, first four are alphabetic characters representing the bank, the last six characters (generally a number, but can be an alphabet) represent the branch. The fifth character is 0 (zero), it is reserved for future use.
NEFT and RTGS methods use IFSC code to send messages to the bank branches. If you want to transfer funds to an account located at INDIAN BANK KOTTAKUPPAM Branch, you would need the branch’s IFSC Code which is IDIB000K049.
Address of INDIAN BANK KOTTAKUPPAM Branch: 78 MAHATMA GANDHI ROAD KOTTAKUPPAM VILLUPURAM DIST. PIN 605104
Contact Details INDIAN BANK KOTTAKUPPAM Branch: Not Available
MICR Code INDIAN BANK KOTTAKUPPAM Branch: 605019005
MICR stands for Magnetic ink character recognition. The machines in banks where cheques are swiped read the MICR code of cheque. MICR codes are used by banking industry mainly for the cheque clearance process. MICR code is printed at the bottom of the cheque and indicates document type, bank code, bank account number, cheque number and control indicator. In 1940s cheque clearance was done manually and took lot of time and effort which led to the use of MICR for cheque clearance.
If you are using a cheque from INDIAN BANK KOTTAKUPPAM Branch you would see MICR Code 605019005 on it.
IFSC Code and MICR Code data source: RBI(Reserve Bank of India) IFSC Codes