Use this page as a one-stop reference for everything related to Indian Bank's MALIPUR branch in MALIPUR, ODISHA. The branch's IFSC code IDIB000M591 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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, IDIB000M591 is the IFSC of Indian Bank's MALIPUR branch. The format is fixed: IDIB = bank code, 0 = reserved, 00M591 = branch identifier.
Bank profile
Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Malipur branch — IFSC IDIB000M591 — extends the bank's services to customers in and around Malipur, Odisha.
About this branch
The branch is located at GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR GADANIAL PIN 752055. It serves the Malipur 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 IDIB000M591 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Malipur |
| IFSC Code | IDIB000M591 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR GADANIAL PIN 752055 |
| City | Malipur |
| District | Khordha |
| State | Odisha |
| STD Code | 91 |
| Phone | 6371258844 |
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 MALIPUR of Indian Bank — its own 11-character IFSC. The code IDIB000M591 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 IDIB000M591 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Malipur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M591 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 IDIB000M591
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 IDIB000M591 across all three.
How to use IFSC IDIB000M591 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's MALIPUR 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 IDIB000M591.
- Confirm the bank name auto-populates as Indian Bank and the branch as MALIPUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IDIB000M591
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 – MALIPUR, ensure your bank's portal accepts IFSC IDIB000M591 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank MALIPUR (IFSC IDIB000M591)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M591 in your mobile or internet banking app, and the money is credited to the MALIPUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000M591 for Indian Bank – MALIPUR, 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 – IDIB000M591 | Yes – IDIB000M591 | Yes – IDIB000M591 |
For most retail customers crediting the Malipur 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 MALIPUR branch, the IFSC IDIB000M591 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 Malipur branch
Once you have an account at Indian Bank – MALIPUR, the IFSC IDIB000M591 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 Malipur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-6371258844.
- 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 IDIB000M591
Digital banking channels
Most day-to-day work that customers used to do at the Malipur 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 IDIB000M591 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.
How to reach the Malipur branch
The branch is located at GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR GADANIAL PIN 752055, which puts it inside Malipur, the broader Khordha district, and the state of Odisha. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Malipur branch” — the verified location pin for IFSC IDIB000M591 should appear at the top of the results.
- Confirm the branch is open by calling 91-6371258844 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 IDIB000M591 and your account number.
Common mistakes to avoid when using IFSC IDIB000M591
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 – MALIPUR, 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:
IDIB000M591. - 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 Malipur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000M591, however, work 24x7.
Verifying IFSC IDIB000M591 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 IDIB000M591 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-6371258844.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian BankMalipur Branch
GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR GADANIAL PIN 752055
Malipur, Odisha
Phone: 91-6371258844
IFSC: IDIB000M591
Frequently asked questions
Is IFSC IDIB000M591 the same for all accounts at Malipur branch?
Yes. The IFSC IDIB000M591 is shared by every account held at Indian Bank's Malipur branch. Only the account number changes from customer to customer.
Does Indian Bank Malipur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-6371258844 to confirm.
What is the phone number of Indian Bank Malipur branch?
You can reach the branch at 91-6371258844 during regular banking hours.
Can I use IFSC IDIB000M591 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M591 to send funds instantly.
Where is Indian Bank Malipur branch located?
Indian Bank's Malipur branch is located at GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR GADANIAL PIN 752055, Malipur, Odisha.
Is IFSC IDIB000M591 valid for NEFT and RTGS?
Yes. IFSC IDIB000M591 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Indian Bank Malipur branch?
The IFSC code of Indian Bank, Malipur branch is IDIB000M591. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Malipur branch but serve different purposes.
Summary
The IFSC code IDIB000M591 belongs to Indian Bank's MALIPUR branch, located at GRAM PANCHAYAT OFFICE BUILDING VILLAGE MALIPURTEHSIL BLOCK MALIPUR MALIPUR… in MALIPUR, ODISHA. 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.
