IFSC Code of Indian Bank, Moolchand Hospital Branch, Delhi

This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Bank, MOOLCHAND HOSPITAL branch in LAJPAT NAGAR. The 11-digit IFSC IDIB000M743 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 MOOLCHAND HOSPITAL 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.

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 – MOOLCHAND HOSPITAL is IDIB000M743. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00M743 map to this branch in LAJPAT NAGAR, DELHI.

Branch details at a glance

About Indian Bank

Indian Bank operates a wide network of branches across India, including the Moolchand Hospital branch in Lajpat Nagar. 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, IDIB000M743.

About this branch

The branch is located at MOOLCHAND HOSPITAL CAMPUS LAJPAT NAGAR LAJPAT NAGAR LAJPAT NAGAR PIN 110024. It serves the Lajpat Nagar 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 IDIB000M743 is used to identify this branch on the RBI payments network.

Why every Indian Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MOOLCHAND HOSPITAL of Indian Bank — its own 11-character IFSC. The code IDIB000M743 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IDIB000M743 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC IDIB000M743

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 IDIB000M743 across all three.

NEFT to Indian Bank, MOOLCHAND HOSPITAL using IFSC IDIB000M743

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 IDIB000M743, and confirm that the system picks up Indian Bank – MOOLCHAND HOSPITAL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IDIB000M743

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 – MOOLCHAND HOSPITAL, ensure your bank's portal accepts IFSC IDIB000M743 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Indian Bank – MOOLCHAND HOSPITAL, use IMPS. With IFSC IDIB000M743 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 IDIB000M743 for Indian Bank – MOOLCHAND HOSPITAL, 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.

For most retail customers crediting the Moolchand Hospital 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 IDIB000M743

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 – MOOLCHAND HOSPITAL is still mapped to IFSC IDIB000M743. 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 IDIB000M743 and the beneficiary's account number to complete the transfer.

Account types you can open at the Moolchand Hospital branch

Once you have an account at Indian Bank – MOOLCHAND HOSPITAL, the IFSC IDIB000M743 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 Moolchand Hospital branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-7703006320.

• 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 IDIB000M743

MICR & cheque-truncation details

Cheques drawn on the Moolchand Hospital branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M743 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Moolchand Hospital 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 IDIB000M743 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.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Indian Bank – MOOLCHAND HOSPITAL:

• The IFSC is exactly IDIB000M743 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Indian Bank as the bank name and MOOLCHAND HOSPITAL as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Moolchand Hospital branch

The branch is located at MOOLCHAND HOSPITAL CAMPUS LAJPAT NAGAR LAJPAT NAGAR LAJPAT NAGAR PIN 110024, which puts it inside Lajpat Nagar, the broader South East Delhi district, and the state of Delhi. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Bank Moolchand Hospital branch” — the verified location pin for IFSC IDIB000M743 should appear at the top of the results.
2. Confirm the branch is open by calling 91-7703006320 before stepping out, especially around public holidays.
3. 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 IDIB000M743 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IDIB000M743 for Indian Bank – MOOLCHAND HOSPITAL, 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 Moolchand Hospital branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000M743, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IDIB000M743 belongs to Indian Bank's MOOLCHAND HOSPITAL branch, located at MOOLCHAND HOSPITAL CAMPUS LAJPAT NAGAR LAJPAT NAGAR LAJPAT NAGAR PIN 110024 in LAJPAT NAGAR, DELHI. 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.