This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Bank, POOL ASSETS CHENNAI branch in CHENNAI. The 11-digit IFSC IDIB000P274 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 POOL ASSETS CHENNAI 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, IDIB000P274 is the IFSC of Indian Bank's POOL ASSETS CHENNAI branch. The format is fixed: IDIB = bank code, 0 = reserved, 00P274 = branch identifier.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Pool Assets Chennai |
| IFSC Code | IDIB000P274 |
| MICR Code | Refer to cheque leaf |
| Branch Address | G FLOOR KANNAMMAI BUILDING 611 ANNA SALAI OPP AMERICAN CONSULATE THOUSAND LIGHTS PIN 600006 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| STD Code | 44 |
| Phone | 28295081 |
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Pool Assets Chennai branch in Chennai, Tamil Nadu is part of this network and uses the IFSC code IDIB000P274 for all electronic settlement.
Pool Assets Chennai branch overview
Located at G FLOOR KANNAMMAI BUILDING 611 ANNA SALAI OPP AMERICAN CONSULATE THOUSAND LIGHTS PIN 600006, the Pool Assets Chennai branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDIB000P274 is required for all interbank electronic transfers routed through this branch.
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 POOL ASSETS CHENNAI branch came to be assigned the code IDIB000P274.
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 IDIB000P274, money simply cannot be routed to the POOL ASSETS CHENNAI branch electronically.
How to transfer money using IFSC IDIB000P274
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 IDIB000P274 across all three.
NEFT to Indian Bank, POOL ASSETS CHENNAI using IFSC IDIB000P274
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 IDIB000P274, and confirm that the system picks up Indian Bank – POOL ASSETS CHENNAI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDIB000P274
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 – POOL ASSETS CHENNAI, ensure your bank's portal accepts IFSC IDIB000P274 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank POOL ASSETS CHENNAI (IFSC IDIB000P274)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000P274 in your mobile or internet banking app, and the money is credited to the POOL ASSETS CHENNAI branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Pool Assets Chennai
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 IDIB000P274:
- 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 POOL ASSETS CHENNAI is still linked to IFSC IDIB000P274.
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.
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 POOL ASSETS CHENNAI branch, the IFSC IDIB000P274 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 Pool Assets Chennai branch is mapped to IFSC IDIB000P274 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 IDIB000P274.
Banking services available
The Pool Assets Chennai branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 44-28295081.
- 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 IDIB000P274
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 IDIB000P274 and the account number together uniquely identify the Pool Assets Chennai branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IDIB000P274
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the POOL ASSETS CHENNAI 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 IDIB000P274 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 IDIB000P274
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 – POOL ASSETS CHENNAI, 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:
IDIB000P274. - 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 Pool Assets Chennai branch sits at G FLOOR KANNAMMAI BUILDING 611 ANNA SALAI OPP AMERICAN CONSULATE THOUSAND LIGHTS PIN 600006. If you are travelling from outside Chennai, search for the branch on a maps application using the bank name and locality, or call 44-28295081 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 IDIB000P274 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000P274 for Indian Bank – POOL ASSETS CHENNAI, 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 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 Pool Assets Chennai branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000P274, however, work 24x7.
Branch address & contact
Indian BankPool Assets Chennai Branch
G FLOOR KANNAMMAI BUILDING 611 ANNA SALAI OPP AMERICAN CONSULATE THOUSAND LIGHTS PIN 600006
Chennai, Tamil Nadu
Phone: 44-28295081
IFSC: IDIB000P274
Frequently asked questions
Is IFSC IDIB000P274 valid for NEFT and RTGS?
Yes. IFSC IDIB000P274 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Bank Pool Assets Chennai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000P274, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IDIB000P274 the same for all accounts at Pool Assets Chennai branch?
Yes. The IFSC IDIB000P274 is shared by every account held at Indian Bank's Pool Assets Chennai branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IDIB000P274 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Pool Assets Chennai reflect within 30 minutes.
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 Pool Assets Chennai branch but serve different purposes.
Does Indian Bank Pool Assets Chennai branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 44-28295081 to confirm.
Can I use IFSC IDIB000P274 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000P274 to send funds instantly.
Final notes
To recap: IDIB000P274 is the IFSC code of Indian Bank, POOL ASSETS CHENNAI branch, in CHENNAI, TAMIL NADU. 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.
