Indian Bank
PARAVUR BRANCH
+914742512263
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 PARAVUR
branch of Indian Bank, the code IDIB000P023 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 IDIB000P023 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 PARAVUR
Payment Systems Supported by IDIB000P023
| 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—691019008—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 PARAVUR typically follows the RBI holiday calendar. Digital transfers via IDIB000P023 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 IDIB000P023 is the valid code for PARAVUR at PARAVUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Indian Bank Branch List
- • PARAVUR IFSC Codes
- • Swift Code for Indian Bank
- • Bank Holiday in KERALA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • PARAVUR Contact
- • Address of Indian Bank
- • MICR Code Finder
- • KERALA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Indian Bank IDIB000P023 code, find PARAVUR branch details, Indian Bank PARAVUR contact number, KERALA bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Indian Bank PARAVUR, online neft rtgs imps guide india, how to find ifsc code of Indian Bank.