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Indian Bank

PALASA Branch, SRIKAKULAM

IFSC Code
IDIB000P256
Required for NEFT, RTGS, IMPS money transfers
MICR Code
532019102
Used in magnetic paper cheque clearing

11-Character IFSC Anatomy Breakdown

IDIB Bank Code (1-4)
0 Control Zero (5th)
00P256 Branch Code (6-11)

Complete Branch Details

Full Address 204115 OPP SBI PURUSHOTHAPURAM PALASA PALASA PIN 532221
State ANDHRA PRADESH
District / City PALASA
Centre / Region PALASA
Contact / Helpline +918945240245
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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 IDIB000P256.
  4. Confirm bank name displays as Indian Bank and branch as PALASA.
  5. Select payment mode (IMPS for instant <₹5L, or RTGS for >₹2L) and authenticate with OTP/MPIN.

Frequently Asked Questions (IDIB000P256)

What is the IFSC code of Indian Bank PALASA branch? ↓

The verified 11-digit IFSC code is IDIB000P256. 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 PALASA? ↓

The 9-digit Magnetic Ink Character Recognition (MICR) code is 532019102. 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 204115 OPP SBI PURUSHOTHAPURAM PALASA PALASA PIN 532221, located in PALASA district, ANDHRA PRADESH.

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