Use this page as a one-stop reference for everything related to Indian Bank's MILKIPAR branch in MILKIPAR, BIHAR. The branch's IFSC code IDIB000M703 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.
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 – MILKIPAR is IDIB000M703. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00M703 map to this branch in MILKIPAR, BIHAR.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Milkipar branch in Milkipar, Bihar is part of this network and uses the IFSC code IDIB000M703 for all electronic settlement.
About the Milkipar branch
The Milkipar branch of Indian Bank is situated at VILL MILKIPAR GOKULCHAK PO KAPSIMA MILKIPAR KAPSIMA PIN 801302. 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 IDIB000M703 is used.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Milkipar |
| IFSC Code | IDIB000M703 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VILL MILKIPAR GOKULCHAK PO KAPSIMA MILKIPAR KAPSIMA PIN 801302 |
| City | Milkipar |
| District | Nalanda |
| State | Bihar |
| STD Code | 91 |
| Phone | 9793223363 |
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 MILKIPAR branch came to be assigned the code IDIB000M703.
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 IDIB000M703, money simply cannot be routed to the MILKIPAR branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Milkipar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M703 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 IDIB000M703
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 IDIB000M703 across all three.
NEFT to Indian Bank, MILKIPAR using IFSC IDIB000M703
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 IDIB000M703, and confirm that the system picks up Indian Bank – MILKIPAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MILKIPAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's MILKIPAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000M703 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 – MILKIPAR, use IMPS. With IFSC IDIB000M703 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Milkipar
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IDIB000M703:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at MILKIPAR is still linked to IFSC IDIB000M703.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IDIB000M703
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 – MILKIPAR is still mapped to IFSC IDIB000M703. 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 IDIB000M703 and the beneficiary's account number to complete the transfer.
Account types you can open at the Milkipar branch
Once you have an account at Indian Bank – MILKIPAR, the IFSC IDIB000M703 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 Milkipar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9793223363.
- 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 IDIB000M703
Online banking and IFSC IDIB000M703
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the MILKIPAR 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 IDIB000M703 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.
Reaching the branch
The Milkipar branch sits at VILL MILKIPAR GOKULCHAK PO KAPSIMA MILKIPAR KAPSIMA PIN 801302. If you are travelling from outside Milkipar, search for the branch on a maps application using the bank name and locality, or call 91-9793223363 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 IDIB000M703 and your account number.
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 – MILKIPAR:
- The IFSC is exactly IDIB000M703 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 MILKIPAR 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.
Working hours
Branch counters at Milkipar 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 IDIB000M703 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000M703 for Indian Bank – MILKIPAR, 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 address & contact
Indian BankMilkipar Branch
VILL MILKIPAR GOKULCHAK PO KAPSIMA MILKIPAR KAPSIMA PIN 801302
Milkipar, Bihar
Phone: 91-9793223363
IFSC: IDIB000M703
Frequently asked questions
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 Milkipar branch but serve different purposes.
Can I use IFSC IDIB000M703 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M703 to send funds instantly.
Does Indian Bank Milkipar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9793223363 to confirm.
Is IFSC IDIB000M703 valid for NEFT and RTGS?
Yes. IFSC IDIB000M703 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Bank Milkipar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M703, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IDIB000M703 the same for all accounts at Milkipar branch?
Yes. The IFSC IDIB000M703 is shared by every account held at Indian Bank's Milkipar branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IDIB000M703 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Milkipar reflect within 30 minutes.
What is the phone number of Indian Bank Milkipar branch?
You can reach the branch at 91-9793223363 during regular banking hours.
Final notes
To recap: IDIB000M703 is the IFSC code of Indian Bank, MILKIPAR branch, in MILKIPAR, BIHAR. 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.
