IFSC Code of Indian Bank, Highway Road Palanpur Branch, Gujarat

Below are the complete branch details for Indian Bank, HIGHWAY ROAD PALANPUR branch, located in PALANPUR, GUJARAT. The IFSC assigned by the Reserve Bank of India to this branch is IDIB000P531. 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 IDIB000P531 for Indian Bank – HIGHWAY ROAD PALANPUR — 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 – HIGHWAY ROAD PALANPUR is IDIB000P531. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00P531 map to this branch in PALANPUR, GUJARAT.

About Indian Bank

Indian Bank operates a wide network of branches across India, including the Highway Road Palanpur branch in Palanpur. 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, IDIB000P531.

Branch details at a glance

About this branch

The branch is located at SHOP NO 5458 SANSKRIT SHOPPING MALL OPP INCOME TAX OFFICE ABU HIGHWAY ROAD PALANPUR PIN 385001. It serves the Palanpur 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 IDIB000P531 is used to identify this branch on the RBI payments network.

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 HIGHWAY ROAD PALANPUR branch came to be assigned the code IDIB000P531.

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 IDIB000P531, money simply cannot be routed to the HIGHWAY ROAD PALANPUR branch electronically.

Account types you can open at the Highway Road Palanpur branch

Once you have an account at Indian Bank – HIGHWAY ROAD PALANPUR, the IFSC IDIB000P531 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 Highway Road Palanpur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9702299242.

• 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 IDIB000P531

How to transfer money using IFSC IDIB000P531

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 IDIB000P531 across all three.

NEFT to Indian Bank, HIGHWAY ROAD PALANPUR using IFSC IDIB000P531

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 IDIB000P531, and confirm that the system picks up Indian Bank – HIGHWAY ROAD PALANPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to HIGHWAY ROAD PALANPUR

If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's HIGHWAY ROAD PALANPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000P531 while initiating the transfer and the credit will appear within minutes.

IMPS to Indian Bank HIGHWAY ROAD PALANPUR (IFSC IDIB000P531)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000P531 in your mobile or internet banking app, and the money is credited to the HIGHWAY ROAD PALANPUR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Highway Road Palanpur

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 IDIB000P531:

• 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 HIGHWAY ROAD PALANPUR is still linked to IFSC IDIB000P531.

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 IDIB000P531

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 – HIGHWAY ROAD PALANPUR is still mapped to IFSC IDIB000P531. 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 IDIB000P531 and the beneficiary's account number to complete the transfer.

Online banking and IFSC IDIB000P531

Indian Bank customers can register for net banking and the bank's official mobile app once their account at the HIGHWAY ROAD PALANPUR 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 IDIB000P531 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 IDIB000P531 and the account number together uniquely identify the Highway Road Palanpur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC IDIB000P531

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 – HIGHWAY ROAD PALANPUR, 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: IDIB000P531.
• 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.

How to reach the Highway Road Palanpur branch

The branch is located at SHOP NO 5458 SANSKRIT SHOPPING MALL OPP INCOME TAX OFFICE ABU HIGHWAY ROAD PALANPUR PIN 385001, which puts it inside Palanpur, the broader Banaskantha district, and the state of Gujarat. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Bank Highway Road Palanpur branch” — the verified location pin for IFSC IDIB000P531 should appear at the top of the results.
2. Confirm the branch is open by calling 91-9702299242 before stepping out, especially around public holidays.
3. 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 IDIB000P531 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IDIB000P531 for Indian Bank – HIGHWAY ROAD PALANPUR, 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 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 Highway Road Palanpur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000P531, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IDIB000P531 belongs to Indian Bank's HIGHWAY ROAD PALANPUR branch, located at SHOP NO 5458 SANSKRIT SHOPPING MALL OPP INCOME TAX OFFICE ABU HIGHWAY ROAD… in PALANPUR, GUJARAT. 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.