Below are the complete branch details for Indian Bank, MICROSATE TIRUNELVELI branch, located in P K NAGAR PERUMALPURAM, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IDIB000M242. 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 IDIB000M242 for Indian Bank – MICROSATE TIRUNELVELI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, IDIB000M242 is the IFSC of Indian Bank's MICROSATE TIRUNELVELI branch. The format is fixed: IDIB = bank code, 0 = reserved, 00M242 = 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 Microsate Tirunelveli branch in P K Nagar Perumalpuram, Tamil Nadu is part of this network and uses the IFSC code IDIB000M242 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Microsate Tirunelveli |
| IFSC Code | IDIB000M242 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM TIRUNELVELI 7 PIN 627007 |
| City | P K Nagar Perumalpuram |
| District | Tirunelveli |
| State | Tamil Nadu |
| STD Code | 462 |
| Phone | 2553671 |
About this branch
The branch is located at 1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM TIRUNELVELI 7 PIN 627007. It serves the P K Nagar Perumalpuram 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 IDIB000M242 is used to identify this branch on the RBI payments network.
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 MICROSATE TIRUNELVELI of Indian Bank — its own 11-character IFSC. The code IDIB000M242 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 IDIB000M242 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Microsate Tirunelveli branch is mapped to IFSC IDIB000M242 on the RBI payments network. The branch generally supports the full retail product catalogue of Indian Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IDIB000M242.
Products and services
Customers walking into the Microsate Tirunelveli 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 IDIB000M242
How to transfer money using IFSC IDIB000M242
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 IDIB000M242 across all three.
How to use IFSC IDIB000M242 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's MICROSATE TIRUNELVELI 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 IDIB000M242.
- Confirm the bank name auto-populates as Indian Bank and the branch as MICROSATE TIRUNELVELI.
- 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 MICROSATE TIRUNELVELI
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's MICROSATE TIRUNELVELI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000M242 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 – MICROSATE TIRUNELVELI, use IMPS. With IFSC IDIB000M242 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 Microsate Tirunelveli
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 IDIB000M242:
- 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 MICROSATE TIRUNELVELI is still linked to IFSC IDIB000M242.
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 IDIB000M242
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 – MICROSATE TIRUNELVELI is still mapped to IFSC IDIB000M242. 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 IDIB000M242 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IDIB000M242
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the MICROSATE TIRUNELVELI 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 IDIB000M242 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 IDIB000M242 and the account number together uniquely identify the Microsate Tirunelveli 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 – MICROSATE TIRUNELVELI:
- The IFSC is exactly IDIB000M242 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 MICROSATE TIRUNELVELI 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 Microsate Tirunelveli branch sits at 1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM TIRUNELVELI 7 PIN 627007. If you are travelling from outside P K Nagar Perumalpuram, search for the branch on a maps application using the bank name and locality, or call 462-2553671 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 IDIB000M242 and your account number.
Verifying IFSC IDIB000M242 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 IDIB000M242 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 462-2553671.
- 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 Microsate Tirunelveli branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000M242, however, work 24x7.
Branch address & contact
Indian BankMicrosate Tirunelveli Branch
1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM TIRUNELVELI 7 PIN 627007
P K Nagar Perumalpuram, Tamil Nadu
Phone: 462-2553671
IFSC: IDIB000M242
Frequently asked questions
What is the IFSC code of Indian Bank Microsate Tirunelveli branch?
The IFSC code of Indian Bank, Microsate Tirunelveli branch is IDIB000M242. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Indian Bank Microsate Tirunelveli as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M242, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IDIB000M242 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M242 to send funds instantly.
Is IFSC IDIB000M242 the same for all accounts at Microsate Tirunelveli branch?
Yes. The IFSC IDIB000M242 is shared by every account held at Indian Bank's Microsate Tirunelveli branch. Only the account number changes from customer to customer.
Where is Indian Bank Microsate Tirunelveli branch located?
Indian Bank's Microsate Tirunelveli branch is located at 1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM TIRUNELVELI 7 PIN 627007, P K Nagar Perumalpuram, Tamil Nadu.
What is the phone number of Indian Bank Microsate Tirunelveli branch?
You can reach the branch at 462-2553671 during regular banking hours.
How quickly will an NEFT transfer using IDIB000M242 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Microsate Tirunelveli reflect within 30 minutes.
Is IFSC IDIB000M242 valid for NEFT and RTGS?
Yes. IFSC IDIB000M242 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code IDIB000M242 belongs to Indian Bank's MICROSATE TIRUNELVELI branch, located at 1/17 G R R BUILDING IST FLOOR NEW BUS STAND STC ROAD P K NAGAR PERUMALPURAM… in P K NAGAR PERUMALPURAM, 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.
