This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Bank, BORSAD branch in ANAND. The 11-digit IFSC IDIB000B866 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indian Bank at the BORSAD location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IDIB000B866 is the IFSC of Indian Bank's BORSAD branch. The format is fixed: IDIB = bank code, 0 = reserved, 00B866 = branch identifier.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Borsad |
| IFSC Code | IDIB000B866 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD PIN 388540 |
| City | Anand |
| District | Anand |
| State | Gujarat |
| STD Code | 91 |
| Phone | 9010726200 |
About Indian Bank
Indian Bank operates a wide network of branches across India, including the Borsad branch in Anand. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IDIB000B866.
About the Borsad branch
The Borsad branch of Indian Bank is situated at PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD PIN 388540. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IDIB000B866 is used.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Indian Bank's BORSAD branch came to be assigned the code IDIB000B866.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IDIB000B866, money simply cannot be routed to the BORSAD branch electronically.
How to transfer money using IFSC IDIB000B866
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IDIB000B866 across all three.
How to use IFSC IDIB000B866 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's BORSAD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IDIB000B866.
- Confirm the bank name auto-populates as Indian Bank and the branch as BORSAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to BORSAD
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's BORSAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000B866 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – BORSAD, use IMPS. With IFSC IDIB000B866 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Borsad
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IDIB000B866:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at BORSAD is still linked to IFSC IDIB000B866.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IDIB000B866
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Indian Bank – BORSAD is still mapped to IFSC IDIB000B866. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC IDIB000B866 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Borsad branch is mapped to IFSC IDIB000B866 on the RBI payments network. The branch generally supports the full retail product catalogue of Indian Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IDIB000B866.
Banking services available
The Borsad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9010726200.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IDIB000B866
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indian Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IDIB000B866 and the account number together uniquely identify the Borsad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IDIB000B866
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the BORSAD branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IDIB000B866 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Common mistakes to avoid when using IFSC IDIB000B866
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indian Bank – BORSAD, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IDIB000B866. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The Borsad branch sits at PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD PIN 388540. If you are travelling from outside Anand, search for the branch on a maps application using the bank name and locality, or call 91-9010726200 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IDIB000B866 and your account number.
Verifying IFSC IDIB000B866 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm IDIB000B866 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9010726200.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Borsad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000B866, however, work 24x7.
Branch address & contact
Indian BankBorsad Branch
PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD PIN 388540
Anand, Gujarat
Phone: 91-9010726200
IFSC: IDIB000B866
Frequently asked questions
Is IFSC IDIB000B866 the same for all accounts at Borsad branch?
Yes. The IFSC IDIB000B866 is shared by every account held at Indian Bank's Borsad branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IDIB000B866 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Borsad reflect within 30 minutes.
What is the IFSC code of Indian Bank Borsad branch?
The IFSC code of Indian Bank, Borsad branch is IDIB000B866. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Indian Bank Borsad branch located?
Indian Bank's Borsad branch is located at PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD PIN 388540, Anand, Gujarat.
Does Indian Bank Borsad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9010726200 to confirm.
Is IFSC IDIB000B866 valid for NEFT and RTGS?
Yes. IFSC IDIB000B866 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Bank Borsad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000B866, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Borsad branch but serve different purposes.
Summary
The IFSC code IDIB000B866 belongs to Indian Bank's BORSAD branch, located at PLOT NO 1 TIRTHA AVENUE BEHIND PARIKH DHARMASHAL BUS STAND ROAD BORSAD BORSAD … in ANAND, GUJARAT. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
