If you are searching for the IFSC code of Indian Bank, MEDAVAKKAM branch in MEDAVAKKAM, TAMIL NADU, this page has every detail you need. The verified IFSC code for this branch is IDIB000M172. 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 MEDAVAKKAM branch, and detailed step-by-step guides for using the IFSC IDIB000M172 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.
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 MEDAVAKKAM branch, the IFSC IDIB000M172 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00M172 identifies this particular branch.
Bank profile
Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Medavakkam branch — IFSC IDIB000M172 — extends the bank's services to customers in and around Medavakkam, Tamil Nadu.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Medavakkam |
| IFSC Code | IDIB000M172 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100 |
| City | Medavakkam |
| District | Chengalpattu |
| State | Tamil Nadu |
| STD Code | 44 |
| Phone | 22772930 |
About the Medavakkam branch
The Medavakkam branch of Indian Bank is situated at 1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100. 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 IDIB000M172 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 MEDAVAKKAM of Indian Bank — its own 11-character IFSC. The code IDIB000M172 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 IDIB000M172 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 Medavakkam branch
Once you have an account at Indian Bank – MEDAVAKKAM, the IFSC IDIB000M172 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 Medavakkam branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 44-22772930.
- 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 IDIB000M172
How to transfer money using IFSC IDIB000M172
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 IDIB000M172 across all three.
How to use IFSC IDIB000M172 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's MEDAVAKKAM 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 IDIB000M172.
- Confirm the bank name auto-populates as Indian Bank and the branch as MEDAVAKKAM.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to MEDAVAKKAM
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's MEDAVAKKAM branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000M172 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Bank MEDAVAKKAM (IFSC IDIB000M172)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M172 in your mobile or internet banking app, and the money is credited to the MEDAVAKKAM branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000M172 for Indian Bank – MEDAVAKKAM, 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 – IDIB000M172 | Yes – IDIB000M172 | Yes – IDIB000M172 |
For most retail customers crediting the Medavakkam 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 MEDAVAKKAM branch, the IFSC IDIB000M172 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.
Digital banking channels
Most day-to-day work that customers used to do at the Medavakkam 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 IDIB000M172 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.
MICR & cheque-truncation details
Cheques drawn on the Medavakkam branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M172 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – MEDAVAKKAM:
- The IFSC is exactly IDIB000M172 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 MEDAVAKKAM 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 Medavakkam branch sits at 1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100. If you are travelling from outside Medavakkam, search for the branch on a maps application using the bank name and locality, or call 44-22772930 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 IDIB000M172 and your account number.
Verifying IFSC IDIB000M172 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 IDIB000M172 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 44-22772930.
- 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 Medavakkam branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000M172, however, work 24x7.
Branch address & contact
Indian BankMedavakkam Branch
1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100
Medavakkam, Tamil Nadu
Phone: 44-22772930
IFSC: IDIB000M172
Frequently asked questions
What is the phone number of Indian Bank Medavakkam branch?
You can reach the branch at 44-22772930 during regular banking hours.
How do I add Indian Bank Medavakkam as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M172, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IDIB000M172 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M172 to send funds instantly.
How quickly will an NEFT transfer using IDIB000M172 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Medavakkam reflect within 30 minutes.
Is IFSC IDIB000M172 the same for all accounts at Medavakkam branch?
Yes. The IFSC IDIB000M172 is shared by every account held at Indian Bank's Medavakkam branch. Only the account number changes from customer to customer.
Where is Indian Bank Medavakkam branch located?
Indian Bank's Medavakkam branch is located at 1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100, Medavakkam, Tamil Nadu.
Summary
The IFSC code IDIB000M172 belongs to Indian Bank's MEDAVAKKAM branch, located at 1/803 A VELACHERY MAIN ROAD MEDAVAKKAM CHENNAI PIN 600100 in MEDAVAKKAM, TAMIL NADU. 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.
