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 Park Town Chennai Branch IFSC/MICR Code Details
Bank Name INDIAN BANK
Address 53, RAJA MUTHIAH SALAI, (FORMERLY SYDENHAMS ROAD, PERIAMET, CHENNAI 600003, PH
State TAMIL NADU
District CHENNAI
Branch PARK TOWN
IFSC Code IDIB000P024
Branch Code 00P024 (Last six characters of IFSC code represent Branch code.)
MICR Code 600019042
Contact Phone 0
via https://bankingzone.in/ifsc

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