Use this page as a one-stop reference for everything related to Indian Bank's KORKARA branch in BHADRAK, ODISHA. The branch's IFSC code IDIB000K261 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.
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, IDIB000K261 is the IFSC of Indian Bank's KORKARA branch. The format is fixed: IDIB = bank code, 0 = reserved, 00K261 = branch identifier.
Bank profile
Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Korkara branch — IFSC IDIB000K261 — extends the bank's services to customers in and around Bhadrak, Odisha.
Korkara branch overview
Located at GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116, the Korkara branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDIB000K261 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Korkara |
| IFSC Code | IDIB000K261 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116 |
| City | Bhadrak |
| District | Bhadrak |
| State | Odisha |
| STD Code | 6784 |
| Phone | 266006 |
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 KORKARA branch came to be assigned the code IDIB000K261.
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 IDIB000K261, money simply cannot be routed to the KORKARA branch electronically.
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 IDIB000K261 and the account number together uniquely identify the Korkara branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IDIB000K261
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 IDIB000K261 across all three.
How to use IFSC IDIB000K261 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's KORKARA 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 IDIB000K261.
- Confirm the bank name auto-populates as Indian Bank and the branch as KORKARA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IDIB000K261
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indian Bank – KORKARA, ensure your bank's portal accepts IFSC IDIB000K261 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – KORKARA, use IMPS. With IFSC IDIB000K261 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000K261 for Indian Bank – KORKARA, 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 – IDIB000K261 | Yes – IDIB000K261 | Yes – IDIB000K261 |
For most retail customers crediting the Korkara 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.
UPI payments and IFSC IDIB000K261
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 – KORKARA is still mapped to IFSC IDIB000K261. 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 IDIB000K261 and the beneficiary's account number to complete the transfer.
Account types you can open at the Korkara branch
Once you have an account at Indian Bank – KORKARA, the IFSC IDIB000K261 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Korkara branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 6784-266006.
- 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 IDIB000K261
Digital banking channels
Most day-to-day work that customers used to do at the Korkara 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 IDIB000K261 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.
Reaching the branch
The Korkara branch sits at GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116. If you are travelling from outside Bhadrak, search for the branch on a maps application using the bank name and locality, or call 6784-266006 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 IDIB000K261 and your account number.
Common mistakes to avoid when using IFSC IDIB000K261
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 – KORKARA, 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:
IDIB000K261. - 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.
Working hours
Branch counters at Korkara 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 IDIB000K261 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000K261 for Indian Bank – KORKARA, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Indian BankKorkara Branch
GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116
Bhadrak, Odisha
Phone: 6784-266006
IFSC: IDIB000K261
Frequently asked questions
Is IFSC IDIB000K261 the same for all accounts at Korkara branch?
Yes. The IFSC IDIB000K261 is shared by every account held at Indian Bank's Korkara branch. Only the account number changes from customer to customer.
What is the phone number of Indian Bank Korkara branch?
You can reach the branch at 6784-266006 during regular banking hours.
What is the IFSC code of Indian Bank Korkara branch?
The IFSC code of Indian Bank, Korkara branch is IDIB000K261. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Korkara branch but serve different purposes.
Where is Indian Bank Korkara branch located?
Indian Bank's Korkara branch is located at GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116, Bhadrak, Odisha.
How do I add Indian Bank Korkara as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000K261, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDIB000K261 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Korkara reflect within 30 minutes.
Can I use IFSC IDIB000K261 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000K261 to send funds instantly.
Summary
The IFSC code IDIB000K261 belongs to Indian Bank's KORKARA branch, located at GRAM PANCHAYAT BUILDING AT PO KORKORA VIA ARNAPAL KORKORA PIN 756116 in BHADRAK, ODISHA. 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.
