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 Avinashi Coimbatore Branch IFSC/MICR Code Details
Bank Name INDIAN BANK
Address NO.26A, KATCHERI STREETCHEYUR ROADAVINASHIAVINASHI PO TIRUPPUR TAMIL NADU 641654
State TAMIL NADU
District COIMBATORE
Branch AVINASHI
IFSC Code IDIB000A157
Branch Code 00A157 (Last six characters of IFSC code represent Branch code.)
MICR Code 641019107
Contact Phone 0
via https://bankingzone.in/ifsc

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