This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Bank, PEELAMEDU branch in PEELAMEDU. The 11-digit IFSC IDIB000S107 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indian Bank at the PEELAMEDU location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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, IDIB000S107 is the IFSC of Indian Bank's PEELAMEDU branch. The format is fixed: IDIB = bank code, 0 = reserved, 00S107 = branch identifier.
About Indian Bank
Indian Bank operates a wide network of branches across India, including the Peelamedu branch in Peelamedu. 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, IDIB000S107.
Peelamedu branch overview
Located at CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014, the Peelamedu branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDIB000S107 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Peelamedu |
| IFSC Code | IDIB000S107 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014 |
| City | Peelamedu |
| District | Coimbatore |
| State | Tamil Nadu |
| STD Code | 422 |
| Phone | 2573170 |
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 PEELAMEDU of Indian Bank — its own 11-character IFSC. The code IDIB000S107 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 IDIB000S107 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Peelamedu branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000S107 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC IDIB000S107
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 IDIB000S107 across all three.
How to use IFSC IDIB000S107 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's PEELAMEDU 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 IDIB000S107.
- Confirm the bank name auto-populates as Indian Bank and the branch as PEELAMEDU.
- 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 PEELAMEDU
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's PEELAMEDU branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000S107 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 – PEELAMEDU, use IMPS. With IFSC IDIB000S107 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 IDIB000S107 for Indian Bank – PEELAMEDU, 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 – IDIB000S107 | Yes – IDIB000S107 | Yes – IDIB000S107 |
For most retail customers crediting the Peelamedu 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 PEELAMEDU branch, the IFSC IDIB000S107 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 Peelamedu branch is mapped to IFSC IDIB000S107 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 IDIB000S107.
Banking services available
The Peelamedu branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 422-2573170.
- 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 IDIB000S107
Online banking and IFSC IDIB000S107
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the PEELAMEDU 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 IDIB000S107 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.
Reaching the branch
The Peelamedu branch sits at CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014. If you are travelling from outside Peelamedu, search for the branch on a maps application using the bank name and locality, or call 422-2573170 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 IDIB000S107 and your account number.
Common mistakes to avoid when using IFSC IDIB000S107
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 – PEELAMEDU, 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:
IDIB000S107. - 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.
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 Peelamedu branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000S107, however, work 24x7.
Verifying IFSC IDIB000S107 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 IDIB000S107 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 422-2573170.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian BankPeelamedu Branch
CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014
Peelamedu, Tamil Nadu
Phone: 422-2573170
IFSC: IDIB000S107
Frequently asked questions
What is the phone number of Indian Bank Peelamedu branch?
You can reach the branch at 422-2573170 during regular banking hours.
Is IFSC IDIB000S107 the same for all accounts at Peelamedu branch?
Yes. The IFSC IDIB000S107 is shared by every account held at Indian Bank's Peelamedu branch. Only the account number changes from customer to customer.
What is the IFSC code of Indian Bank Peelamedu branch?
The IFSC code of Indian Bank, Peelamedu branch is IDIB000S107. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Peelamedu branch but serve different purposes.
Where is Indian Bank Peelamedu branch located?
Indian Bank's Peelamedu branch is located at CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014, Peelamedu, Tamil Nadu.
Can I use IFSC IDIB000S107 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000S107 to send funds instantly.
How do I add Indian Bank Peelamedu as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000S107, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IDIB000S107 belongs to Indian Bank's PEELAMEDU branch, located at CIT COLLEGE CAMPUS CIVIL AERODROME POST PEELAMEDU COIMBATORE PIN 641014 in PEELAMEDU, 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.
