Use this page as a one-stop reference for everything related to Indian Bank's POLAVARAM branch in POLAVARAM, ANDHRA PRADESH. The branch's IFSC code IDIB000P040 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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, IDIB000P040 is the IFSC of Indian Bank's POLAVARAM branch. The format is fixed: IDIB = bank code, 0 = reserved, 00P040 = branch identifier.
Bank profile
Indian Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Polavaram branch — IFSC IDIB000P040 — extends the bank's services to customers in and around Polavaram, Andhra Pradesh.
About the Polavaram branch
The Polavaram branch of Indian Bank is situated at H NO4/120 4/91) MAIN ROAD POLAVARAM POLAVARAM PIN 521162. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IDIB000P040 is used.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Polavaram |
| IFSC Code | IDIB000P040 |
| MICR Code | Refer to cheque leaf |
| Branch Address | H NO4/120 4/91) MAIN ROAD POLAVARAM POLAVARAM PIN 521162 |
| City | Polavaram |
| District | Krishna |
| State | Andhra Pradesh |
| STD Code | 8672 |
| Phone | 243223 |
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 POLAVARAM branch came to be assigned the code IDIB000P040.
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 IDIB000P040, money simply cannot be routed to the POLAVARAM 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 IDIB000P040 and the account number together uniquely identify the Polavaram branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IDIB000P040
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 IDIB000P040 across all three.
How to use IFSC IDIB000P040 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's POLAVARAM 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 IDIB000P040.
- Confirm the bank name auto-populates as Indian Bank and the branch as POLAVARAM.
- 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 POLAVARAM
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's POLAVARAM branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000P040 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Bank POLAVARAM (IFSC IDIB000P040)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000P040 in your mobile or internet banking app, and the money is credited to the POLAVARAM branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Polavaram
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 IDIB000P040:
- 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 POLAVARAM is still linked to IFSC IDIB000P040.
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 IDIB000P040
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 – POLAVARAM is still mapped to IFSC IDIB000P040. 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 IDIB000P040 and the beneficiary's account number to complete the transfer.
Account types you can open at the Polavaram branch
Once you have an account at Indian Bank – POLAVARAM, the IFSC IDIB000P040 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.
Products and services
Customers walking into the Polavaram 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 IDIB000P040
Online banking and IFSC IDIB000P040
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the POLAVARAM 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 IDIB000P040 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.
How to reach the Polavaram branch
The branch is located at H NO4/120 4/91) MAIN ROAD POLAVARAM POLAVARAM PIN 521162, which puts it inside Polavaram, the broader Krishna district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Bank Polavaram branch” — the verified location pin for IFSC IDIB000P040 should appear at the top of the results.
- Confirm the branch is open by calling 8672-243223 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 IDIB000P040 and your account number.
Common mistakes to avoid when using IFSC IDIB000P040
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 – POLAVARAM, 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:
IDIB000P040. - 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 Polavaram branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000P040, however, work 24x7.
Verifying IFSC IDIB000P040 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 IDIB000P040 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8672-243223.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian BankPolavaram Branch
H NO4/120 4/91) MAIN ROAD POLAVARAM POLAVARAM PIN 521162
Polavaram, Andhra Pradesh
Phone: 8672-243223
IFSC: IDIB000P040
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 Polavaram branch but serve different purposes.
Can I use IFSC IDIB000P040 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000P040 to send funds instantly.
Is IFSC IDIB000P040 valid for NEFT and RTGS?
Yes. IFSC IDIB000P040 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Indian Bank Polavaram branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 8672-243223 to confirm.
What is the phone number of Indian Bank Polavaram branch?
You can reach the branch at 8672-243223 during regular banking hours.
Where is Indian Bank Polavaram branch located?
Indian Bank's Polavaram branch is located at H NO4/120 4/91) MAIN ROAD POLAVARAM POLAVARAM PIN 521162, Polavaram, Andhra Pradesh.
How do I add Indian Bank Polavaram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000P040, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDIB000P040 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Polavaram reflect within 30 minutes.
Final notes
To recap: IDIB000P040 is the IFSC code of Indian Bank, POLAVARAM branch, in POLAVARAM, ANDHRA PRADESH. 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.
