Below are the complete branch details for Indian Bank, MASINAGUDI branch, located in NILGIRIS, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IDIB000M018. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IDIB000M018 for Indian Bank – MASINAGUDI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 MASINAGUDI branch, the IFSC IDIB000M018 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00M018 identifies this particular branch.
About Indian Bank
Indian Bank operates a wide network of branches across India, including the Masinagudi branch in Nilgiris. 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, IDIB000M018.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Masinagudi |
| IFSC Code | IDIB000M018 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 7/83 OOTY MAIN ROAD MASINAGUDI NILGIRIS MASINAGUDI PIN 643223 |
| City | Nilgiris |
| District | Nilgiris |
| State | Tamil Nadu |
| STD Code | 423 |
| Phone | 2526230 |
About the Masinagudi branch
The Masinagudi branch of Indian Bank is situated at 7/83 OOTY MAIN ROAD MASINAGUDI NILGIRIS MASINAGUDI PIN 643223. 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 IDIB000M018 is used.
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 MASINAGUDI branch came to be assigned the code IDIB000M018.
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 IDIB000M018, money simply cannot be routed to the MASINAGUDI branch electronically.
Account types you can open at the Masinagudi branch
Once you have an account at Indian Bank – MASINAGUDI, the IFSC IDIB000M018 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 Masinagudi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 423-2526230.
- 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 IDIB000M018
How to transfer money using IFSC IDIB000M018
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 IDIB000M018 across all three.
NEFT to Indian Bank, MASINAGUDI using IFSC IDIB000M018
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 IDIB000M018, and confirm that the system picks up Indian Bank – MASINAGUDI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDIB000M018
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 – MASINAGUDI, ensure your bank's portal accepts IFSC IDIB000M018 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank MASINAGUDI (IFSC IDIB000M018)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M018 in your mobile or internet banking app, and the money is credited to the MASINAGUDI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000M018 for Indian Bank – MASINAGUDI, 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 – IDIB000M018 | Yes – IDIB000M018 | Yes – IDIB000M018 |
For most retail customers crediting the Masinagudi 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 IDIB000M018
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 – MASINAGUDI is still mapped to IFSC IDIB000M018. 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 IDIB000M018 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IDIB000M018
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the MASINAGUDI 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 IDIB000M018 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 & cheque-truncation details
Cheques drawn on the Masinagudi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000M018 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC IDIB000M018
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 – MASINAGUDI, 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:
IDIB000M018. - 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.
Reaching the branch
The Masinagudi branch sits at 7/83 OOTY MAIN ROAD MASINAGUDI NILGIRIS MASINAGUDI PIN 643223. If you are travelling from outside Nilgiris, search for the branch on a maps application using the bank name and locality, or call 423-2526230 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 IDIB000M018 and your account number.
Verifying IFSC IDIB000M018 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 IDIB000M018 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 423-2526230.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Masinagudi 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 IDIB000M018 continue to work without interruption.
Branch address & contact
Indian BankMasinagudi Branch
7/83 OOTY MAIN ROAD MASINAGUDI NILGIRIS MASINAGUDI PIN 643223
Nilgiris, Tamil Nadu
Phone: 423-2526230
IFSC: IDIB000M018
Frequently asked questions
What is the IFSC code of Indian Bank Masinagudi branch?
The IFSC code of Indian Bank, Masinagudi branch is IDIB000M018. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Indian Bank Masinagudi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 423-2526230 to confirm.
Can I use IFSC IDIB000M018 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M018 to send funds instantly.
Is IFSC IDIB000M018 the same for all accounts at Masinagudi branch?
Yes. The IFSC IDIB000M018 is shared by every account held at Indian Bank's Masinagudi branch. Only the account number changes from customer to customer.
Is IFSC IDIB000M018 valid for NEFT and RTGS?
Yes. IFSC IDIB000M018 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Masinagudi branch but serve different purposes.
How quickly will an NEFT transfer using IDIB000M018 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Masinagudi reflect within 30 minutes.
Summary
The IFSC code IDIB000M018 belongs to Indian Bank's MASINAGUDI branch, located at 7/83 OOTY MAIN ROAD MASINAGUDI NILGIRIS MASINAGUDI PIN 643223 in NILGIRIS, 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.
