Latest details of Ifsc: Idib000p637
INDIAN BANK
Branch name : MOHALI PHASE I
Contact Information
Address: SHOP NO 46 OLD KAMALA MARKET PHASE 1 MOHALI SECTOR 55 PIN 160055
Contact number: 7404161787
Bank Details
IFSC Code: IDIB000P637
City: SAHIBZADA AJIT SINGH NAGAR
District: SAHIBZADA AJIT SINGH NAGAR
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.
