If you are searching for the IFSC code of Indian Bank, RAKSI branch in RAKSI, JHARKHAND, this page has every detail you need. The verified IFSC code for this branch is IDIB000R243. 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 RAKSI branch, and detailed step-by-step guides for using the IFSC IDIB000R243 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 RAKSI branch, the IFSC IDIB000R243 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00R243 identifies this particular branch.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Raksi branch in Raksi, Jharkhand is part of this network and uses the IFSC code IDIB000R243 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Raksi |
| IFSC Code | IDIB000R243 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND |
| City | Raksi |
| District | Garhwa |
| State | Jharkhand |
| STD Code | 91 |
| Phone | 8770341493 |
About this branch
The branch is located at VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND. It serves the Raksi 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 IDIB000R243 is used to identify this branch on the RBI payments network.
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 RAKSI branch came to be assigned the code IDIB000R243.
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 IDIB000R243, money simply cannot be routed to the RAKSI branch electronically.
Products and account variants supported
Every account opened at the Raksi branch is mapped to IFSC IDIB000R243 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 IDIB000R243.
Products and services
Customers walking into the Raksi 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 IDIB000R243
How to transfer money using IFSC IDIB000R243
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 IDIB000R243 across all three.
How to use IFSC IDIB000R243 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's RAKSI 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 IDIB000R243.
- Confirm the bank name auto-populates as Indian Bank and the branch as RAKSI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IDIB000R243
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 – RAKSI, ensure your bank's portal accepts IFSC IDIB000R243 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Bank RAKSI (IFSC IDIB000R243)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDIB000R243 in your mobile or internet banking app, and the money is credited to the RAKSI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000R243 for Indian Bank – RAKSI, 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 – IDIB000R243 | Yes – IDIB000R243 | Yes – IDIB000R243 |
For most retail customers crediting the Raksi 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 IDIB000R243
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 – RAKSI is still mapped to IFSC IDIB000R243. 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 IDIB000R243 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IDIB000R243
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the RAKSI 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 IDIB000R243 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.
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 IDIB000R243 and the account number together uniquely identify the Raksi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – RAKSI:
- The IFSC is exactly IDIB000R243 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 RAKSI 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.
Reaching the branch
The Raksi branch sits at VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND. If you are travelling from outside Raksi, search for the branch on a maps application using the bank name and locality, or call 91-8770341493 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 IDIB000R243 and your account number.
Verifying IFSC IDIB000R243 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 IDIB000R243 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8770341493.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Raksi 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 IDIB000R243 continue to work without interruption.
Branch address & contact
Indian BankRaksi Branch
VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND
Raksi, Jharkhand
Phone: 91-8770341493
IFSC: IDIB000R243
Frequently asked questions
How quickly will an NEFT transfer using IDIB000R243 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Raksi reflect within 30 minutes.
Where is Indian Bank Raksi branch located?
Indian Bank's Raksi branch is located at VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND, Raksi, Jharkhand.
Is IFSC IDIB000R243 valid for NEFT and RTGS?
Yes. IFSC IDIB000R243 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indian Bank Raksi branch?
You can reach the branch at 91-8770341493 during regular banking hours.
How do I add Indian Bank Raksi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000R243, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Bank Raksi branch?
The IFSC code of Indian Bank, Raksi branch is IDIB000R243. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Indian Bank Raksi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8770341493 to confirm.
Summary
The IFSC code IDIB000R243 belongs to Indian Bank's RAKSI branch, located at VILLAGE RAKSHI, PO RAMKANDA, PS RAMKANDA, DISTRICT GARHWA JHARKHAND in RAKSI, JHARKHAND. 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.
