If you are searching for the IFSC code of Indian Bank, DERWA BAZAR branch in DERWA, UTTAR PRADESH, this page has every detail you need. The verified IFSC code for this branch is IDIB000D578. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the DERWA BAZAR branch, and detailed step-by-step guides for using the IFSC IDIB000D578 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indian Bank – DERWA BAZAR is IDIB000D578. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00D578 map to this branch in DERWA, UTTAR PRADESH.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Derwa Bazar branch in Derwa, Uttar Pradesh is part of this network and uses the IFSC code IDIB000D578 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Derwa Bazar |
| IFSC Code | IDIB000D578 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128 |
| City | Derwa |
| District | Pratapgarh |
| State | Uttar Pradesh |
| STD Code | 91 |
| Phone | 9795431985 |
About the Derwa Bazar branch
The Derwa Bazar branch of Indian Bank is situated at PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128. 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 IDIB000D578 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 DERWA BAZAR branch came to be assigned the code IDIB000D578.
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 IDIB000D578, money simply cannot be routed to the DERWA BAZAR branch electronically.
Account types you can open at the Derwa Bazar branch
Once you have an account at Indian Bank – DERWA BAZAR, the IFSC IDIB000D578 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.
Products and services
Customers walking into the Derwa Bazar branch can access most of Indian Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IDIB000D578
How to transfer money using IFSC IDIB000D578
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 IDIB000D578 across all three.
NEFT to Indian Bank, DERWA BAZAR using IFSC IDIB000D578
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 IDIB000D578, and confirm that the system picks up Indian Bank – DERWA BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDIB000D578
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 – DERWA BAZAR, ensure your bank's portal accepts IFSC IDIB000D578 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – DERWA BAZAR, use IMPS. With IFSC IDIB000D578 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 IDIB000D578 for Indian Bank – DERWA BAZAR, 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 – IDIB000D578 | Yes – IDIB000D578 | Yes – IDIB000D578 |
For most retail customers crediting the Derwa Bazar 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 DERWA BAZAR branch, the IFSC IDIB000D578 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.
Digital banking channels
Most day-to-day work that customers used to do at the Derwa Bazar 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 IDIB000D578 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.
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 IDIB000D578 and the account number together uniquely identify the Derwa Bazar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IDIB000D578
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 – DERWA BAZAR, 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:
IDIB000D578. - 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 Derwa Bazar branch
The branch is located at PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128, which puts it inside Derwa, the broader Pratapgarh district, and the state of Uttar Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Derwa Bazar branch” — the verified location pin for IFSC IDIB000D578 should appear at the top of the results.
- Confirm the branch is open by calling 91-9795431985 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 IDIB000D578 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000D578 for Indian Bank – DERWA BAZAR, 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.
Working hours
Branch counters at Derwa Bazar 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 IDIB000D578 continue to work without interruption.
Branch address & contact
Indian BankDerwa Bazar Branch
PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128
Derwa, Uttar Pradesh
Phone: 91-9795431985
IFSC: IDIB000D578
Frequently asked questions
How quickly will an NEFT transfer using IDIB000D578 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Derwa Bazar reflect within 30 minutes.
Does Indian Bank Derwa Bazar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9795431985 to confirm.
How do I add Indian Bank Derwa Bazar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000D578, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Bank Derwa Bazar branch?
The IFSC code of Indian Bank, Derwa Bazar branch is IDIB000D578. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IDIB000D578 valid for NEFT and RTGS?
Yes. IFSC IDIB000D578 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indian Bank Derwa Bazar branch?
You can reach the branch at 91-9795431985 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 Derwa Bazar branch but serve different purposes.
Where is Indian Bank Derwa Bazar branch located?
Indian Bank's Derwa Bazar branch is located at PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128, Derwa, Uttar Pradesh.
Summary
The IFSC code IDIB000D578 belongs to Indian Bank's DERWA BAZAR branch, located at PO VILL DERWA BAZAR DERWA DERWA BAZAR PIN 230128 in DERWA, UTTAR PRADESH. 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.
