Indian Bank
NEW RAJENDRA NAGAR BRANCH
+919870222833
Related Branches
Understanding IFSC Code: The Digital DNA of Indian Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the NEW RAJENDRA NAGAR
branch of Indian Bank, the code IDIB000N587 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the IDIB000N587 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"IDIB" represents Indian Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for NEW RAJENDRA NAGAR
Payment Systems Supported by IDIB000N587
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—110019168—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Indian Bank in NEW RAJENDRA NAGAR typically follows the RBI holiday calendar. Digital transfers via IDIB000N587 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While IDIB000N587 is the valid code for NEW RAJENDRA NAGAR at NEW RAJENDRA NAGAR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Indian Bank Branch List
- • NEW RAJENDRA NAGAR IFSC Codes
- • Swift Code for Indian Bank
- • Bank Holiday in DELHI
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • NEW RAJENDRA NAGAR Contact
- • Address of Indian Bank
- • MICR Code Finder
- • DELHI Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Indian Bank IDIB000N587 code, find NEW RAJENDRA NAGAR branch details, Indian Bank NEW RAJENDRA NAGAR contact number, DELHI bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Indian Bank NEW RAJENDRA NAGAR, online neft rtgs imps guide india, how to find ifsc code of Indian Bank.