Indian Bank SHAKEREDARA CHOWK IFSC Code, MICR Code - Nagpur, Maharashtra

Indian Bank SHAKEREDARA CHOWK Branch IFSC Code, MICR Code (Nagpur, Maharashtra). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of Indian Bank SHAKEREDARA CHOWK - Nagpur, Maharashtra

IFSC Code:IDIB000S501
MICR Code:
Branch Code:00S501 (Last six characters of IFSC Code represent Branch code)
Address:NAGPUR 505 B SHAKARDARA CHOWK BR NAGPUR-9
Branch:SHAKEREDARA CHOWK
City:NAGPUR
District:Nagpur
State:Maharashtra
Contact No.:

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Indian Bank IFSC Code is IDIB000S501, MICR Code is (Not provided), Branch Code is 00S501 which is last six characters of IFSC Code, Branch name is SHAKEREDARA CHOWK located in NAGPUR 505 B SHAKARDARA CHOWK BR NAGPUR-9, NAGPUR, Nagpur, Maharashtra, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other Indian Bank Branches at Nagpur, Maharashtra

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BAJAJ NAGARBORICIVIL LINES NAGPURFRIENDS COLONYGANDHI BAGHGUMGAONHINGNA ROADKAMPTEE COLLIERIESKOHALIMAHALMANEWADAMANISHNAGARNAGPURNAGPUR CITY ITWARINAGPUR HUDKESHWARNAGPUR WARDHAMAN NAGARNARKHEDPACHKHEDISHAKEREDARA CHOWKWARDHA ROADWARDHAMAN NAGAR

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.