Latest details of Ifsc: Idib000m026

INDIAN BANK

Branch name : MEDAK

Contact Information

Address: 193 1ST FLOOR MAIN ROAD MEDAK MEDAK TOWN PIN 502110

Contact number: 222340

Bank Details

IFSC Code: IDIB000M026

City: MEDAK

District: MEDAK

State: TELANGANA

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