Indian Bank MARGAO IFSC Code
Indian Bank MARGAO IFSC Code (IDIB000M058), MICR, address and contact information.
Indian Bank MARGAO IFSC Code: IDIB000M058
The verified IFSC Code for Indian Bank, MARGAO branch in SOUTH GOA, GOA is IDIB000M058. This 11-character alphanumeric code is assigned by the Reserve Bank of India (RBI) to uniquely identify this branch across all digital fund transfer networks in India, including NEFT, RTGS, and IMPS.
The branch is situated at SHOP NO1415 16 GURU SAI PLAZA NEAR ADARSHA SCHOOL ISIDORA BAAPTISTA ROAD PIN 403601, SOUTH GOA, GOA. Paper cheque clearing operations for this branch are routed through MICR Code 403019005.
| Bank Name | Indian Bank |
|---|---|
| IFSC Code | IDIB000M058 |
| MICR Code | 403019005 |
| Branch Name | MARGAO |
| Address | SHOP NO1415 16 GURU SAI PLAZA NEAR ADARSHA SCHOOL ISIDORA BAAPTISTA ROAD PIN 403601 |
| Contact Number | +918322714301 |
| City / District | SOUTH GOA / SOUTH GOA |
| State | GOA |
IFSC Code Format Breakdown
IFSC vs MICR Code
| IFSC Code (Indian Financial System Code) | MICR Code (Magnetic Ink Character Recognition) |
|---|---|
| Used for online fund transfers (NEFT, RTGS, IMPS). | Used for clearing physical cheques in the clearing house. |
| 11-character alphanumeric code. | 9-digit numeric code. |
| Can be found on cheque books and bank passbooks. | Printed at the bottom of the cheque using magnetic ink. |
Fund Transfer Limits & Timings
| Transfer Type | Minimum Limit | Maximum Limit | Timings |
|---|---|---|---|
| NEFT | ₹1 | No limit (varies by bank/account type) | 24x7, 365 Days |
| RTGS | ₹2,00,000 | No limit (varies by bank/account type) | 24x7, 365 Days |
| IMPS | ₹1 | ₹5,00,000 | 24x7, 365 Days (Instant) |
How to Transfer Money Using IFSC Code IDIB000M058
Follow these steps to send funds via NEFT, RTGS, or IMPS from any bank account to Indian Bank MARGAO:
- Open your Banking App: Log in to your bank's Internet Banking portal or mobile banking app.
- Navigate to Fund Transfer: Go to the Transfers tab and choose Add Beneficiary / Payee.
- Enter Payee Information: Enter the account holder's full name, account number, and input IFSC Code
IDIB000M058. - Verify Branch: Confirm that the portal automatically displays Indian Bank - MARGAO (City: SOUTH GOA).
- Select Transfer Type: Choose IMPS for immediate 24x7 credit (up to ₹5 Lakh), NEFT for general transactions, or RTGS for large transactions over ₹2 Lakh.
- Authenticate Transfer: Enter the amount, verify all details, and approve the payment with your Transaction PIN or OTP.
Who Uses Indian Bank MARGAO IFSC Code?
Individuals transferring money via NEFT/RTGS/IMPS, businesses managing payroll, and accountants.
Why Use Our Indian Bank MARGAO IFSC Code?
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Frequently Asked Questions
What is the IFSC code for Indian Bank MARGAO?
The IFSC code for Indian Bank MARGAO is IDIB000M058. This code is essential for making online fund transfers like NEFT, RTGS, and IMPS to this branch.
What is the MICR code for Indian Bank MARGAO?
The MICR code is 403019005. It is used by the clearing house to process physical cheques faster.
Where is Indian Bank MARGAO located?
The branch is located at SHOP NO1415 16 GURU SAI PLAZA NEAR ADARSHA SCHOOL ISIDORA BAAPTISTA ROAD PIN 403601, SOUTH GOA, GOA.
What is the contact number for Indian Bank MARGAO?
The contact number for this branch is +918322714301. If it shows 'Not Available', you can try contacting the Indian Bank customer care toll-free number.
Can I transfer funds to Indian Bank MARGAO using NEFT or RTGS?
Yes, you can transfer funds to this branch using NEFT, RTGS, or IMPS. Simply use the IFSC code IDIB000M058 along with the correct account number.