Indian Bank
PRAGATHI NAGAR BACHPAL BRANCH
+914023890398
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 PRAGATHI NAGAR BACHPAL
branch of Indian Bank, the code IDIB000P171 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 IDIB000P171 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 PRAGATHI NAGAR BACHPAL
Payment Systems Supported by IDIB000P171
| 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—500019034—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 PRAGATHINAGAR typically follows the RBI holiday calendar. Digital transfers via IDIB000P171 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 IDIB000P171 is the valid code for PRAGATHI NAGAR BACHPAL at PRAGATHINAGAR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
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Platform Links
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