IFSC Code of Indian Bank, Indore Bhanwar Kuan Road Branch, Madhya Pradesh

Below are the complete branch details for Indian Bank, INDORE BHANWAR KUAN ROAD branch, located in INDORE, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is IDIB000I524. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IDIB000I524 for Indian Bank – INDORE BHANWAR KUAN ROAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 INDORE BHANWAR KUAN ROAD branch, the IFSC IDIB000I524 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00I524 identifies this particular branch.

Bank profile

Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Indore Bhanwar Kuan Road branch — IFSC IDIB000I524 — extends the bank's services to customers in and around Indore, Madhya Pradesh.

About this branch

The branch is located at 10 SATPRAKASHAN SANCHAR KENDRA BHANWARKUAN SQUARE KHANDWA ROAD INDORE KHANDWA ROAD INDORE PIN 452001. It serves the Indore 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 IDIB000I524 is used to identify this branch on the RBI payments network.

Branch details at a glance

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 INDORE BHANWAR KUAN ROAD branch came to be assigned the code IDIB000I524.

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 IDIB000I524, money simply cannot be routed to the INDORE BHANWAR KUAN ROAD branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Indore Bhanwar Kuan Road branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000I524 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC IDIB000I524

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 IDIB000I524 across all three.

NEFT to Indian Bank, INDORE BHANWAR KUAN ROAD using IFSC IDIB000I524

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 IDIB000I524, and confirm that the system picks up Indian Bank – INDORE BHANWAR KUAN ROAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to INDORE BHANWAR KUAN ROAD

If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's INDORE BHANWAR KUAN ROAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000I524 while initiating the transfer and the credit will appear within minutes.

IMPS to Indian Bank INDORE BHANWAR KUAN ROAD (IFSC IDIB000I524)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000I524 in your mobile or internet banking app, and the money is credited to the INDORE BHANWAR KUAN ROAD branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Indore Bhanwar Kuan Road

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 IDIB000I524:

• 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 INDORE BHANWAR KUAN ROAD is still linked to IFSC IDIB000I524.

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 INDORE BHANWAR KUAN ROAD branch, the IFSC IDIB000I524 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.

Account types you can open at the Indore Bhanwar Kuan Road branch

Once you have an account at Indian Bank – INDORE BHANWAR KUAN ROAD, the IFSC IDIB000I524 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 Indore Bhanwar Kuan Road 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 IDIB000I524

Digital banking channels

Most day-to-day work that customers used to do at the Indore Bhanwar Kuan Road 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 IDIB000I524 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 Indore Bhanwar Kuan Road branch sits at 10 SATPRAKASHAN SANCHAR KENDRA BHANWARKUAN SQUARE KHANDWA ROAD INDORE KHANDWA ROAD INDORE PIN 452001. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 91-9926028849 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 IDIB000I524 and your account number.

Common mistakes to avoid when using IFSC IDIB000I524

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 – INDORE BHANWAR KUAN ROAD, 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: IDIB000I524.
• 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.

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 Indore Bhanwar Kuan Road branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000I524, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IDIB000I524 for Indian Bank – INDORE BHANWAR KUAN ROAD, 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

Frequently asked questions

Summary

The IFSC code IDIB000I524 belongs to Indian Bank's INDORE BHANWAR KUAN ROAD branch, located at 10 SATPRAKASHAN SANCHAR KENDRA BHANWARKUAN SQUARE KHANDWA ROAD INDORE KHANDWA… in INDORE, MADHYA 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.