If you are searching for the IFSC code of Indian Bank, KHARGONE branch in KHARGONE, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is IDIB000K692. 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 KHARGONE branch, and detailed step-by-step guides for using the IFSC IDIB000K692 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 – KHARGONE is IDIB000K692. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00K692 map to this branch in KHARGONE, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Khargone |
| IFSC Code | IDIB000K692 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BLDG NO 59 JAWAHAR NAGAR KHARGONE KHARGONE KHARGONE KHARGONE PIN 451001 |
| City | Khargone |
| District | West Nimar |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9600982745 |
About Indian Bank
Indian Bank operates a wide network of branches across India, including the Khargone branch in Khargone. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IDIB000K692.
Khargone branch overview
Located at BLDG NO 59 JAWAHAR NAGAR KHARGONE KHARGONE KHARGONE KHARGONE PIN 451001, the Khargone branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDIB000K692 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 KHARGONE branch came to be assigned the code IDIB000K692.
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 IDIB000K692, money simply cannot be routed to the KHARGONE branch electronically.
How to transfer money using IFSC IDIB000K692
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 IDIB000K692 across all three.
NEFT to Indian Bank, KHARGONE using IFSC IDIB000K692
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 IDIB000K692, and confirm that the system picks up Indian Bank – KHARGONE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KHARGONE
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's KHARGONE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000K692 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – KHARGONE, use IMPS. With IFSC IDIB000K692 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 IDIB000K692 for Indian Bank – KHARGONE, 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 – IDIB000K692 | Yes – IDIB000K692 | Yes – IDIB000K692 |
For most retail customers crediting the Khargone 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 IDIB000K692
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 – KHARGONE is still mapped to IFSC IDIB000K692. 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 IDIB000K692 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Khargone branch is mapped to IFSC IDIB000K692 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 IDIB000K692.
Banking services available
The Khargone branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9600982745.
- 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 IDIB000K692
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 IDIB000K692 and the account number together uniquely identify the Khargone branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Khargone 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 IDIB000K692 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 IDIB000K692
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 – KHARGONE, 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:
IDIB000K692. - 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 Khargone branch sits at BLDG NO 59 JAWAHAR NAGAR KHARGONE KHARGONE KHARGONE KHARGONE PIN 451001. If you are travelling from outside Khargone, search for the branch on a maps application using the bank name and locality, or call 91-9600982745 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 IDIB000K692 and your account number.
Verifying IFSC IDIB000K692 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 IDIB000K692 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9600982745.
- Visiting the bank's official branch locator page.
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 Khargone branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000K692, however, work 24x7.
Branch address & contact
Indian BankKhargone Branch
BLDG NO 59 JAWAHAR NAGAR KHARGONE KHARGONE KHARGONE KHARGONE PIN 451001
Khargone, Madhya Pradesh
Phone: 91-9600982745
IFSC: IDIB000K692
Frequently asked questions
Is IFSC IDIB000K692 the same for all accounts at Khargone branch?
Yes. The IFSC IDIB000K692 is shared by every account held at Indian Bank's Khargone branch. Only the account number changes from customer to customer.
What is the phone number of Indian Bank Khargone branch?
You can reach the branch at 91-9600982745 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 Khargone branch but serve different purposes.
Is IFSC IDIB000K692 valid for NEFT and RTGS?
Yes. IFSC IDIB000K692 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IDIB000K692 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000K692 to send funds instantly.
How do I add Indian Bank Khargone as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000K692, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Bank Khargone branch?
The IFSC code of Indian Bank, Khargone branch is IDIB000K692. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: IDIB000K692 is the IFSC code of Indian Bank, KHARGONE branch, in KHARGONE, 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.
