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Verified Branch

Indian Bank

MAGUDAN CHAVADI Branch, SALEM

IFSC Code
IDIB000M534
Required for NEFT, RTGS, IMPS money transfers
MICR Code
636019072
Used in magnetic paper cheque clearing

11-Character IFSC Anatomy Breakdown

IDIB Bank Code (1-4)
0 Control Zero (5th)
00M534 Branch Code (6-11)

Complete Branch Details

Full Address GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103
State TAMIL NADU
District / City SALEM
Centre / Region SALEM
Contact / Helpline +914283257713
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Electronic Transfer Capabilities & Limits

NEFT

Available 24x7

Half-hourly batch clearance

RTGS

Min. ₹2 Lakh

Real-time gross settlement

IMPS

Instant Transfer

Up to ₹5 Lakh limit

UPI / QR

1-Tap VPA

GPay, PhonePe, Paytm

How to Transfer Money to this Branch

  1. Log in to your mobile banking app or Internet Banking portal (SBI, HDFC, ICICI, etc.).
  2. Navigate to Fund Transfer → Add Beneficiary / Payee.
  3. Enter the recipient's Account Number and paste IFSC code IDIB000M534.
  4. Confirm bank name displays as Indian Bank and branch as MAGUDAN CHAVADI.
  5. Select payment mode (IMPS for instant <₹5L, or RTGS for >₹2L) and authenticate with OTP/MPIN.

Frequently Asked Questions (IDIB000M534)

What is the IFSC code of Indian Bank MAGUDAN CHAVADI branch? ↓

The verified 11-digit IFSC code is IDIB000M534. This unique alphanumeric code is used for routing electronic fund transfers via NEFT, RTGS, IMPS, and clearing networks across India.

Can I transfer money on Sundays and bank holidays using this IFSC code? ↓

Yes! Under Reserve Bank of India (RBI) directives, NEFT, RTGS, IMPS, and UPI operate 24x7x365, including Sundays, second/fourth Saturdays, and public holidays. Electronic transfers will be processed automatically without branch intervention.

What is the MICR code of Indian Bank MAGUDAN CHAVADI? ↓

The 9-digit Magnetic Ink Character Recognition (MICR) code is 636019072. It is printed on cheque leaves for high-speed automated sorting at RBI clearing houses.

Where is the branch located? ↓

The official branch address is GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103, located in SALEM district, TAMIL NADU.

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GANGAVALLI Branch

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GUGAI SALEM Branch

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KOLATHUR SALEM Branch

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KARUMANDURAI Branch

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