This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Bank, RAICHUR branch in MAKTHALPET. The 11-digit IFSC IDIB000R001 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 RAICHUR 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, IDIB000R001 is the IFSC of Indian Bank's RAICHUR branch. The format is fixed: IDIB = bank code, 0 = reserved, 00R001 = branch identifier.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Raichur branch in Makthalpet, Karnataka is part of this network and uses the IFSC code IDIB000R001 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Raichur |
| IFSC Code | IDIB000R001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102 |
| City | Makthalpet |
| District | Raichur |
| State | Karnataka |
| STD Code | 8532 |
| Phone | 235976 |
About the Raichur branch
The Raichur branch of Indian Bank is situated at 104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102. 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 IDIB000R001 is used.
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 RAICHUR of Indian Bank — its own 11-character IFSC. The code IDIB000R001 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 IDIB000R001 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Raichur branch
Once you have an account at Indian Bank – RAICHUR, the IFSC IDIB000R001 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 Raichur 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 IDIB000R001
How to transfer money using IFSC IDIB000R001
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 IDIB000R001 across all three.
How to use IFSC IDIB000R001 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's RAICHUR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IDIB000R001.
- Confirm the bank name auto-populates as Indian Bank and the branch as RAICHUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IDIB000R001
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 – RAICHUR, ensure your bank's portal accepts IFSC IDIB000R001 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank RAICHUR (IFSC IDIB000R001)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000R001 in your mobile or internet banking app, and the money is credited to the RAICHUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000R001 for Indian Bank – RAICHUR, 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 – IDIB000R001 | Yes – IDIB000R001 | Yes – IDIB000R001 |
For most retail customers crediting the Raichur 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 IDIB000R001
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 – RAICHUR is still mapped to IFSC IDIB000R001. 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 IDIB000R001 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IDIB000R001
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the RAICHUR 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 IDIB000R001 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.
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 IDIB000R001 and the account number together uniquely identify the Raichur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – RAICHUR:
- The IFSC is exactly IDIB000R001 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 RAICHUR 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.
Reaching the branch
The Raichur branch sits at 104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102. If you are travelling from outside Makthalpet, search for the branch on a maps application using the bank name and locality, or call 8532-235976 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 IDIB000R001 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000R001 for Indian Bank – RAICHUR, 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 Raichur 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 IDIB000R001 continue to work without interruption.
Branch address & contact
Indian BankRaichur Branch
104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102
Makthalpet, Karnataka
Phone: 8532-235976
IFSC: IDIB000R001
Frequently asked questions
Is IFSC IDIB000R001 the same for all accounts at Raichur branch?
Yes. The IFSC IDIB000R001 is shared by every account held at Indian Bank's Raichur branch. Only the account number changes from customer to customer.
Can I use IFSC IDIB000R001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000R001 to send funds instantly.
How do I add Indian Bank Raichur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000R001, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Bank Raichur branch?
The IFSC code of Indian Bank, Raichur branch is IDIB000R001. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Bank Raichur branch?
You can reach the branch at 8532-235976 during regular banking hours.
Where is Indian Bank Raichur branch located?
Indian Bank's Raichur branch is located at 104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102, Makthalpet, Karnataka.
How quickly will an NEFT transfer using IDIB000R001 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Raichur reflect within 30 minutes.
Is IFSC IDIB000R001 valid for NEFT and RTGS?
Yes. IFSC IDIB000R001 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code IDIB000R001 belongs to Indian Bank's RAICHUR branch, located at 104100 GUNJ ROAD MAKTHALPET RAICHUR PIN 584102 in MAKTHALPET, KARNATAKA. 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.
