Indian Bank MRC NAGAR IFSC Code

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT system in India.

• The first four characters (IDIB) identify the bank.
• The fifth character (0) is reserved and usually zero.
• The last six characters (00M163) identify the branch.

For example, IDIB000M163 is the IFSC code for Indian Bank MRC NAGAR branch in CHENNAI. This IFSC code is used for NEFT, RTGS, IMPS and online banking transactions.