If you are searching for the IFSC code of Indian Bank, PANNA branch in PANNA, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is IDIB000P566. 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 PANNA branch, and detailed step-by-step guides for using the IFSC IDIB000P566 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.
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 PANNA branch, the IFSC IDIB000P566 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00P566 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Panna |
| IFSC Code | IDIB000P566 |
| MICR Code | Refer to cheque leaf |
| Branch Address | COLLECTORATE CHOWKNEAR GANDHI CHOWK KACHAHARI ROAD PANNA PANNA PIN 488001 |
| City | Panna |
| District | Panna |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9177922006 |
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Panna branch in Panna, Madhya Pradesh is part of this network and uses the IFSC code IDIB000P566 for all electronic settlement.
About this branch
The branch is located at COLLECTORATE CHOWKNEAR GANDHI CHOWK KACHAHARI ROAD PANNA PANNA PIN 488001. It serves the Panna 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 IDIB000P566 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 PANNA of Indian Bank — its own 11-character IFSC. The code IDIB000P566 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 IDIB000P566 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 IDIB000P566
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 IDIB000P566 across all three.
NEFT to Indian Bank, PANNA using IFSC IDIB000P566
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 IDIB000P566, and confirm that the system picks up Indian Bank – PANNA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDIB000P566
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 – PANNA, ensure your bank's portal accepts IFSC IDIB000P566 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – PANNA, use IMPS. With IFSC IDIB000P566 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000P566 for Indian Bank – PANNA, 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 – IDIB000P566 | Yes – IDIB000P566 | Yes – IDIB000P566 |
For most retail customers crediting the Panna 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.
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 PANNA branch, the IFSC IDIB000P566 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 Panna branch is mapped to IFSC IDIB000P566 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 IDIB000P566.
Products and services
Customers walking into the Panna 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 IDIB000P566
MICR & cheque-truncation details
Cheques drawn on the Panna branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000P566 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IDIB000P566
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the PANNA 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 IDIB000P566 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.
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 – PANNA:
- The IFSC is exactly IDIB000P566 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 PANNA 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.
How to reach the Panna branch
The branch is located at COLLECTORATE CHOWKNEAR GANDHI CHOWK KACHAHARI ROAD PANNA PANNA PIN 488001, which puts it inside Panna, the broader Panna district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Panna branch” — the verified location pin for IFSC IDIB000P566 should appear at the top of the results.
- Confirm the branch is open by calling 91-9177922006 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 IDIB000P566 and your account number.
Verifying IFSC IDIB000P566 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 IDIB000P566 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9177922006.
- 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 Panna branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000P566, however, work 24x7.
Branch address & contact
Indian BankPanna Branch
COLLECTORATE CHOWKNEAR GANDHI CHOWK KACHAHARI ROAD PANNA PANNA PIN 488001
Panna, Madhya Pradesh
Phone: 91-9177922006
IFSC: IDIB000P566
Frequently asked questions
Is IFSC IDIB000P566 valid for NEFT and RTGS?
Yes. IFSC IDIB000P566 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Bank Panna as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000P566, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDIB000P566 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Panna reflect within 30 minutes.
Does Indian Bank Panna branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9177922006 to confirm.
What is the phone number of Indian Bank Panna branch?
You can reach the branch at 91-9177922006 during regular banking hours.
Can I use IFSC IDIB000P566 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000P566 to send funds instantly.
Summary
The IFSC code IDIB000P566 belongs to Indian Bank's PANNA branch, located at COLLECTORATE CHOWKNEAR GANDHI CHOWK KACHAHARI ROAD PANNA PANNA PIN 488001 in PANNA, MADHYA PRADESH. 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.
