Below are the complete branch details for Indian Bank, MICROSATE PALAMANER branch, located in PALAMANER, ANDHRA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is IDIB000M398. 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 IDIB000M398 for Indian Bank – MICROSATE PALAMANER — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – MICROSATE PALAMANER is IDIB000M398. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00M398 map to this branch in PALAMANER, ANDHRA PRADESH.
Bank profile
Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Microsate Palamaner branch — IFSC IDIB000M398 — extends the bank's services to customers in and around Palamaner, Andhra Pradesh.
About the Microsate Palamaner branch
The Microsate Palamaner branch of Indian Bank is situated at MICROSATE PALAMANER, BESIDE SRI VENKATESWARA ORTHO AND TRAUMA HOSPITAL, MADANAPALLI ROAD, PALAMANER, ANDHRA PRADESH 517408. 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 IDIB000M398 is used.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Microsate Palamaner |
| IFSC Code | IDIB000M398 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MICROSATE PALAMANER, BESIDE SRI VENKATESWARA ORTHO AND TRAUMA HOSPITAL, MADANAPALLI ROAD, PALAMANER, ANDHRA PRADESH 517408 |
| City | Palamaner |
| District | Chitoor |
| State | Andhra Pradesh |
| STD Code | 8579 |
| Phone | 9948856722 |
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 MICROSATE PALAMANER branch came to be assigned the code IDIB000M398.
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 IDIB000M398, money simply cannot be routed to the MICROSATE PALAMANER branch electronically.
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 IDIB000M398 and the account number together uniquely identify the Microsate Palamaner branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IDIB000M398
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 IDIB000M398 across all three.
NEFT to Indian Bank, MICROSATE PALAMANER using IFSC IDIB000M398
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 IDIB000M398, and confirm that the system picks up Indian Bank – MICROSATE PALAMANER. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MICROSATE PALAMANER
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's MICROSATE PALAMANER branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000M398 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Bank MICROSATE PALAMANER (IFSC IDIB000M398)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M398 in your mobile or internet banking app, and the money is credited to the MICROSATE PALAMANER branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Microsate Palamaner
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 IDIB000M398:
- 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 PALAMANER is still linked to IFSC IDIB000M398.
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.
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 MICROSATE PALAMANER branch, the IFSC IDIB000M398 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 Microsate Palamaner branch
Once you have an account at Indian Bank – MICROSATE PALAMANER, the IFSC IDIB000M398 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.
Products and services
Customers walking into the Microsate Palamaner 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 IDIB000M398
Digital banking channels
Most day-to-day work that customers used to do at the Microsate Palamaner 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 IDIB000M398 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 Microsate Palamaner branch
The branch is located at MICROSATE PALAMANER, BESIDE SRI VENKATESWARA ORTHO AND TRAUMA HOSPITAL, MADANAPALLI ROAD, PALAMANER, ANDHRA PRADESH 517408, which puts it inside Palamaner, the broader Chitoor district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Microsate Palamaner branch” — the verified location pin for IFSC IDIB000M398 should appear at the top of the results.
- Confirm the branch is open by calling 8579-9948856722 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 IDIB000M398 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 – MICROSATE PALAMANER:
- The IFSC is exactly IDIB000M398 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 PALAMANER 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 Microsate Palamaner 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 IDIB000M398 continue to work without interruption.
Verifying IFSC IDIB000M398 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 IDIB000M398 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8579-9948856722.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian BankMicrosate Palamaner Branch
MICROSATE PALAMANER, BESIDE SRI VENKATESWARA ORTHO AND TRAUMA HOSPITAL, MADANAPALLI ROAD, PALAMANER, ANDHRA PRADESH 517408
Palamaner, Andhra Pradesh
Phone: 8579-9948856722
IFSC: IDIB000M398
Frequently asked questions
What is the IFSC code of Indian Bank Microsate Palamaner branch?
The IFSC code of Indian Bank, Microsate Palamaner branch is IDIB000M398. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Bank Microsate Palamaner branch?
You can reach the branch at 8579-9948856722 during regular banking hours.
How do I add Indian Bank Microsate Palamaner as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M398, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Microsate Palamaner branch but serve different purposes.
Where is Indian Bank Microsate Palamaner branch located?
Indian Bank's Microsate Palamaner branch is located at MICROSATE PALAMANER, BESIDE SRI VENKATESWARA ORTHO AND TRAUMA HOSPITAL, MADANAPALLI ROAD, PALAMANER, ANDHRA PRADESH 517408, Palamaner, Andhra Pradesh.
Is IFSC IDIB000M398 the same for all accounts at Microsate Palamaner branch?
Yes. The IFSC IDIB000M398 is shared by every account held at Indian Bank's Microsate Palamaner branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IDIB000M398 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Microsate Palamaner reflect within 30 minutes.
Final notes
To recap: IDIB000M398 is the IFSC code of Indian Bank, MICROSATE PALAMANER branch, in PALAMANER, ANDHRA PRADESH. 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.
