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 Ind Msme Branch Mylapore Chennai Branch IFSC/MICR Code Details
Bank Name INDIAN BANK
Address 21, FIRST FLOOR, NORTH MADA STREET, MYLAPORE, CHENNAI, TAMILNADU, PIN-600004
State TAMIL NADU
District CHENNAI
Branch IND MSME BRANCH MYLAPORE
IFSC Code IDIB000I041
Branch Code 00I041 (Last six characters of IFSC code represent Branch code.)
MICR Code WAITING
Contact Phone 9884909160
via https://bankingzone.in/ifsc

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