If you are searching for the IFSC code of Indian Bank, MADURAI PERUNGUDI branch in PERUNGUDI, TAMIL NADU, this page has every detail you need. The verified IFSC code for this branch is IDIB000M224. 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 MADURAI PERUNGUDI branch, and detailed step-by-step guides for using the IFSC IDIB000M224 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.
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 – MADURAI PERUNGUDI is IDIB000M224. The first four letters IDIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 00M224 map to this branch in PERUNGUDI, TAMIL NADU.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Madurai Perungudi branch in Perungudi, Tamil Nadu is part of this network and uses the IFSC code IDIB000M224 for all electronic settlement.
Madurai Perungudi branch overview
Located at 2/ 215 S N COLLEGE ROAD PERUNGUDI PERUNGUDI PIN 625022, the Madurai Perungudi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDIB000M224 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Madurai Perungudi |
| IFSC Code | IDIB000M224 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 2/ 215 S N COLLEGE ROAD PERUNGUDI PERUNGUDI PIN 625022 |
| City | Perungudi |
| District | Madurai |
| State | Tamil Nadu |
| STD Code | 452 |
| Phone | 2690800 |
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 MADURAI PERUNGUDI branch came to be assigned the code IDIB000M224.
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 IDIB000M224, money simply cannot be routed to the MADURAI PERUNGUDI 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 IDIB000M224 and the account number together uniquely identify the Madurai Perungudi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IDIB000M224
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 IDIB000M224 across all three.
NEFT to Indian Bank, MADURAI PERUNGUDI using IFSC IDIB000M224
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 IDIB000M224, and confirm that the system picks up Indian Bank – MADURAI PERUNGUDI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDIB000M224
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 – MADURAI PERUNGUDI, ensure your bank's portal accepts IFSC IDIB000M224 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank MADURAI PERUNGUDI (IFSC IDIB000M224)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000M224 in your mobile or internet banking app, and the money is credited to the MADURAI PERUNGUDI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000M224 for Indian Bank – MADURAI PERUNGUDI, 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 – IDIB000M224 | Yes – IDIB000M224 | Yes – IDIB000M224 |
For most retail customers crediting the Madurai Perungudi 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.
UPI payments and IFSC IDIB000M224
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 – MADURAI PERUNGUDI is still mapped to IFSC IDIB000M224. 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 IDIB000M224 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Madurai Perungudi branch is mapped to IFSC IDIB000M224 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 IDIB000M224.
Banking services available
The Madurai Perungudi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 452-2690800.
- 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 IDIB000M224
Online banking and IFSC IDIB000M224
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the MADURAI PERUNGUDI 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 IDIB000M224 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 Madurai Perungudi branch sits at 2/ 215 S N COLLEGE ROAD PERUNGUDI PERUNGUDI PIN 625022. If you are travelling from outside Perungudi, search for the branch on a maps application using the bank name and locality, or call 452-2690800 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 IDIB000M224 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 – MADURAI PERUNGUDI:
- The IFSC is exactly IDIB000M224 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 MADURAI PERUNGUDI 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.
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 Madurai Perungudi branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000M224, however, work 24x7.
Verifying IFSC IDIB000M224 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 IDIB000M224 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 452-2690800.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian BankMadurai Perungudi Branch
2/ 215 S N COLLEGE ROAD PERUNGUDI PERUNGUDI PIN 625022
Perungudi, Tamil Nadu
Phone: 452-2690800
IFSC: IDIB000M224
Frequently asked questions
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 Madurai Perungudi branch but serve different purposes.
Can I use IFSC IDIB000M224 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000M224 to send funds instantly.
What is the IFSC code of Indian Bank Madurai Perungudi branch?
The IFSC code of Indian Bank, Madurai Perungudi branch is IDIB000M224. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Indian Bank Madurai Perungudi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 452-2690800 to confirm.
Is IFSC IDIB000M224 the same for all accounts at Madurai Perungudi branch?
Yes. The IFSC IDIB000M224 is shared by every account held at Indian Bank's Madurai Perungudi branch. Only the account number changes from customer to customer.
How do I add Indian Bank Madurai Perungudi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000M224, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indian Bank Madurai Perungudi branch located?
Indian Bank's Madurai Perungudi branch is located at 2/ 215 S N COLLEGE ROAD PERUNGUDI PERUNGUDI PIN 625022, Perungudi, Tamil Nadu.
How quickly will an NEFT transfer using IDIB000M224 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Madurai Perungudi reflect within 30 minutes.
Final notes
To recap: IDIB000M224 is the IFSC code of Indian Bank, MADURAI PERUNGUDI branch, in PERUNGUDI, TAMIL NADU. 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.
