What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Indian Bank Visakhapatnam Vishakapatnam Branch IFSC/MICR Code Details
Bank Name INDIAN BANK
Address LORVEN PLAZA, BEHIND VIMAL SHOWROOM, DABA GARDENS, VISAKHAPATNAM PIN 530020 PH
State ANDHRA PRADESH
District VISHAKAPATNAM
Branch VISAKHAPATNAM
IFSC Code IDIB000V026
Branch Code 00V026 (Last six characters of IFSC code represent Branch code.)
MICR Code 530019001
Contact Phone 0
via https://bankingzone.in/ifsc

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