If you are searching for the IFSC code of Indian Bank, PALORE branch in PALORA, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is IDIB000P541. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the PALORE branch, and detailed step-by-step guides for using the IFSC IDIB000P541 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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, IDIB000P541 is the IFSC of Indian Bank's PALORE branch. The format is fixed: IDIB = bank code, 0 = reserved, 00P541 = branch identifier.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Palore |
| IFSC Code | IDIB000P541 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905 |
| City | Palora |
| District | Bhandara |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7507505947 |
About Indian Bank
Indian Bank operates a wide network of branches across India, including the Palore branch in Palora. 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, IDIB000P541.
About this branch
The branch is located at DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905. It serves the Palora 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 IDIB000P541 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 PALORE of Indian Bank — its own 11-character IFSC. The code IDIB000P541 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 IDIB000P541 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IDIB000P541
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 IDIB000P541 across all three.
How to use IFSC IDIB000P541 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's PALORE 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 IDIB000P541.
- Confirm the bank name auto-populates as Indian Bank and the branch as PALORE.
- 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 PALORE
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's PALORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000P541 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Bank PALORE (IFSC IDIB000P541)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000P541 in your mobile or internet banking app, and the money is credited to the PALORE branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Palore
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 IDIB000P541:
- 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 PALORE is still linked to IFSC IDIB000P541.
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 PALORE branch, the IFSC IDIB000P541 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.
Products and account variants supported
Every account opened at the Palore branch is mapped to IFSC IDIB000P541 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 IDIB000P541.
Products and services
Customers walking into the Palore 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 IDIB000P541
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 IDIB000P541 and the account number together uniquely identify the Palore branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IDIB000P541
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the PALORE 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 IDIB000P541 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.
Common mistakes to avoid when using IFSC IDIB000P541
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 – PALORE, 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:
IDIB000P541. - 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 Palore branch
The branch is located at DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905, which puts it inside Palora, the broader Bhandara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Palore branch” — the verified location pin for IFSC IDIB000P541 should appear at the top of the results.
- Confirm the branch is open by calling 91-7507505947 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 IDIB000P541 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IDIB000P541 for Indian Bank – PALORE, 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.
Working hours
Branch counters at Palore 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 IDIB000P541 continue to work without interruption.
Branch address & contact
Indian BankPalore Branch
DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905
Palora, Maharashtra
Phone: 91-7507505947
IFSC: IDIB000P541
Frequently asked questions
How do I add Indian Bank Palore as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000P541, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDIB000P541 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Palore reflect within 30 minutes.
Where is Indian Bank Palore branch located?
Indian Bank's Palore branch is located at DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905, Palora, Maharashtra.
Is IFSC IDIB000P541 the same for all accounts at Palore branch?
Yes. The IFSC IDIB000P541 is shared by every account held at Indian Bank's Palore branch. Only the account number changes from customer to customer.
What is the phone number of Indian Bank Palore branch?
You can reach the branch at 91-7507505947 during regular banking hours.
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 Palore branch but serve different purposes.
Summary
The IFSC code IDIB000P541 belongs to Indian Bank's PALORE branch, located at DR B J SHENDE BUILDING VILL PO PALORE PALORA PALORA PIN 441905 in PALORA, MAHARASHTRA. 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.
