Indian Bank IFSC Code IDIB000V516

Indian Bank – VELANDIPALAYAM COIMBATORE

IFSC Code: IDIB000V516

MICR Code: 641019069

Branch: VELANDIPALAYAM COIMBATORE

Bank: Indian Bank

Address: THADAGAM ROAD NO 32 BHARATHI TOWERS EDAYARPALAYAM JUNCTI THADAGAM ROAD

District: COIMBATORE

State: TAMIL NADU

Contact:

Indian Financial System Code (IFSC): IDIB000V516

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 00V516. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 641019069

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.