INDIAN BANK IFSC Code – MICROSATE, PALAKOL, PALAKOL
Complete bank details including IFSC code, MICR code, address and payment facilities for MICROSATE, PALAKOL branch.
Bank Details
| Bank Name | INDIAN BANK |
| Branch Name | MICROSATE, PALAKOL |
| IFSC Code | IDIB000M228 |
| MICR Code | 534019303 |
| Address | 26-5-1/3 SURYATEJAS NAGAR PALAKOL 534260 |
| City | PALAKOL |
| District | WEST GODAVARI |
| State | ANDHRA PRADESH |
| Contact | 0 |
Payment Facilities
About IFSC Code IDIB000M228
The IFSC code IDIB000M228 uniquely identifies the MICROSATE, PALAKOL branch of INDIAN BANK located in PALAKOL, ANDHRA PRADESH. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IDIB000M228
- First 4 characters (IDIB) – Represents INDIAN BANK bank code assigned by RBI
- 5th character (0) – Reserved for future use (always 0)
- Last 6 characters (00M228) – Unique branch identifier for MICROSATE, PALAKOL
How to Use IFSC Code IDIB000M228
To transfer money to any account at INDIAN BANK MICROSATE, PALAKOL branch, you will need to provide the IFSC code IDIB000M228 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at MICROSATE, PALAKOL
- NEFT (National Electronic Funds Transfer) – Settled in batches, available 24x7 on all days
- RTGS (Real Time Gross Settlement) – For high-value transactions (₹2 lakh and above), real-time transfer
- IMPS (Immediate Payment Service) – Instant transfer up to ₹5 lakh, available 24x7
- UPI (Unified Payments Interface) – Instant mobile payments using VPA/UPI ID
About INDIAN BANK MICROSATE, PALAKOL Branch
INDIAN BANK MICROSATE, PALAKOL is a branch of INDIAN BANK located in PALAKOL, ANDHRA PRADESH. The branch provides comprehensive banking services to customers in PALAKOL and surrounding areas.
Branch Address
26-5-1/3 SURYATEJAS NAGAR PALAKOL 534260, PALAKOL, ANDHRA PRADESH
Services Available
This branch offers various banking services including savings accounts, current accounts, fixed deposits, recurring deposits, loans, locker facilities, and digital banking services. Customers can also avail services like demand drafts, pay orders, and foreign exchange (subject to branch authorization).
MICR Code Information
The MICR (Magnetic Ink Character Recognition) code for this branch is 534019303. MICR code is a 9-digit code used for cheque clearing and identifies the bank, branch, and city. It is printed on cheques using magnetic ink for machine reading.
Important Information
Transfer Timings
- NEFT: 24x7, 365 days (Settled in half-hourly batches)
- RTGS: 24x7, 365 days (Real-time for ₹2L+)
- IMPS: 24x7, 365 days (Instant)
- UPI: 24x7, 365 days (Instant)
Verification Tips
- Always verify IFSC code before transferring money
- Cross-check with bank passbook or cheque book
- IFSC codes may change after bank mergers
- Contact branch for latest information
Frequently Asked Questions
What is the IFSC code of INDIAN BANK MICROSATE, PALAKOL?
The IFSC code of INDIAN BANK MICROSATE, PALAKOL branch in PALAKOL is IDIB000M228.
What is the MICR code of INDIAN BANK MICROSATE, PALAKOL?
The MICR code of INDIAN BANK MICROSATE, PALAKOL branch is 534019303.
What is the address of INDIAN BANK MICROSATE, PALAKOL?
INDIAN BANK MICROSATE, PALAKOL branch is located at 26-5-1/3 SURYATEJAS NAGAR PALAKOL 534260.
Does INDIAN BANK MICROSATE, PALAKOL support NEFT/RTGS/IMPS?
INDIAN BANK MICROSATE, PALAKOL branch supports NEFT, RTGS, IMPS, and UPI transactions.