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 Mangadu Chennai Branch IFSC/MICR Code Details
Bank Name INDIAN BANK
Address SRI MUTHUKUMARAN INSTITUTE OF TECHNOLOGY CAMPUS,KUNDRATHUR MAIN ROAD ,CHIKKARAYAPURAM,MANGADU CHENNAI-600063
State TAMIL NADU
District CHENNAI
Branch MANGADU
IFSC Code IDIB000M261
Branch Code 00M261 (Last six characters of IFSC code represent Branch code.)
MICR Code 300019234
Contact Phone 0
via https://bankingzone.in/ifsc

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