Use this page as a one-stop reference for everything related to Indian Bank's M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch in ARERA HILLS, MADHYA PRADESH. The branch's IFSC code IDIB000M502 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indian Bank's M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch, the IFSC IDIB000M502 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00M502 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | M.P.Housing Board Paryavas Bhawan Bho |
| IFSC Code | IDIB000M502 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PARYAVAS BHAWAN JAIL ROAD ARERA HILLS ARERA HILLS BHOPAL PIN 462011 |
| City | Arera Hills |
| District | Bhopal |
| State | Madhya Pradesh |
| STD Code | 755 |
| Phone | 2766727 |
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its M.P.Housing Board Paryavas Bhawan Bho branch in Arera Hills, Madhya Pradesh is part of this network and uses the IFSC code IDIB000M502 for all electronic settlement.
About this branch
The branch is located at PARYAVAS BHAWAN JAIL ROAD ARERA HILLS ARERA HILLS BHOPAL PIN 462011. It serves the Arera Hills region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Indian Bank. The IFSC IDIB000M502 is used to identify this branch on the RBI payments network.
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 M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch came to be assigned the code IDIB000M502.
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 IDIB000M502, money simply cannot be routed to the M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch electronically.
How to transfer money using IFSC IDIB000M502
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 IDIB000M502 across all three.
NEFT to Indian Bank, M.P.HOUSING BOARD PARYAVAS BHAWAN BHO using IFSC IDIB000M502
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IDIB000M502, and confirm that the system picks up Indian Bank – M.P.HOUSING BOARD PARYAVAS BHAWAN BHO. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to M.P.HOUSING BOARD PARYAVAS BHAWAN BHO
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000M502 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Bank M.P.HOUSING BOARD PARYAVAS BHAWAN BHO (IFSC IDIB000M502)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M502 in your mobile or internet banking app, and the money is credited to the M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000M502 for Indian Bank – M.P.HOUSING BOARD PARYAVAS BHAWAN BHO, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IDIB000M502 | Yes – IDIB000M502 | Yes – IDIB000M502 |
For most retail customers crediting the M.P.Housing Board Paryavas Bhawan Bho branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indian Bank's M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch, the IFSC IDIB000M502 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the M.P.Housing Board Paryavas Bhawan Bho branch is mapped to IFSC IDIB000M502 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 IDIB000M502.
Banking services available
The M.P.Housing Board Paryavas Bhawan Bho branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 755-2766727.
- 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 IDIB000M502
MICR & cheque-truncation details
Cheques drawn on the M.P.Housing Board Paryavas Bhawan Bho branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M502 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the M.P.Housing Board Paryavas Bhawan Bho branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IDIB000M502 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Common mistakes to avoid when using IFSC IDIB000M502
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 – M.P.HOUSING BOARD PARYAVAS BHAWAN BHO, 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:
IDIB000M502. - 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.
How to reach the M.P.Housing Board Paryavas Bhawan Bho branch
The branch is located at PARYAVAS BHAWAN JAIL ROAD ARERA HILLS ARERA HILLS BHOPAL PIN 462011, which puts it inside Arera Hills, the broader Bhopal district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank M.P.Housing Board Paryavas Bhawan Bho branch” — the verified location pin for IFSC IDIB000M502 should appear at the top of the results.
- Confirm the branch is open by calling 755-2766727 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IDIB000M502 and your account number.
Verifying IFSC IDIB000M502 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 IDIB000M502 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 755-2766727.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at M.P.Housing Board Paryavas Bhawan Bho are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IDIB000M502 continue to work without interruption.
Branch address & contact
Indian BankM.P.Housing Board Paryavas Bhawan Bho Branch
PARYAVAS BHAWAN JAIL ROAD ARERA HILLS ARERA HILLS BHOPAL PIN 462011
Arera Hills, Madhya Pradesh
Phone: 755-2766727
IFSC: IDIB000M502
Frequently asked questions
How quickly will an NEFT transfer using IDIB000M502 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – M.P.Housing Board Paryavas Bhawan Bho reflect within 30 minutes.
What is the phone number of Indian Bank M.P.Housing Board Paryavas Bhawan Bho branch?
You can reach the branch at 755-2766727 during regular banking hours.
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 M.P.Housing Board Paryavas Bhawan Bho branch but serve different purposes.
What is the IFSC code of Indian Bank M.P.Housing Board Paryavas Bhawan Bho branch?
The IFSC code of Indian Bank, M.P.Housing Board Paryavas Bhawan Bho branch is IDIB000M502. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IDIB000M502 valid for NEFT and RTGS?
Yes. IFSC IDIB000M502 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Bank M.P.Housing Board Paryavas Bhawan Bho as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M502, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IDIB000M502 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M502 to send funds instantly.
Final notes
To recap: IDIB000M502 is the IFSC code of Indian Bank, M.P.HOUSING BOARD PARYAVAS BHAWAN BHO branch, in ARERA HILLS, MADHYA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
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