Latest details of Ifsc: Idib000i085

Contact Information

Address: INDIAN SCHOOL OF BUSINESS KNOWLEDGE CITY SECTOR81 MOHALI MOHALI PIN 160103

Contact number: 4591633

Bank Details

IFSC Code: IDIB000I085

City: SAS NAGAR MOHALI

District: SAS NAGAR MOHALI

State: PUNJAB

IFSC code can be used for RTGS, IMPS and NEFT transactions

Last six characters of IFSC Code make a Branch code.

IFSC Code

Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:

  • • First 4 characters: Bank identifier
  • • 5th character: Reserved (0)
  • • Last 6 characters: Branch code

MICR Code

MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.

These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.

IFSC and MICR code sample on bank cheque