IFSC Code
Indian Bank IFSC Code - Margao
Branch Details
How to Transfer Funds Using Indian Bank Margao IFSC Code?
You can transfer money electronically to the Indian Bank Margao branch using the IFSC code IDIB000M058. Follow this step-by-step transaction guide:
- Log in to your bank's official internet banking portal or open their mobile banking application.
- Navigate to the **'Fund Transfer'** or **'Add Beneficiary'** option.
- Enter the beneficiary's name and their account number.
- In the IFSC field, enter the 11-digit code IDIB000M058.
- The system will automatically verify the branch name as **Margao** located at Shop No1415 16 Guru Sai Plaza Near Adarsha School Isidora Baaptista Road Pin 403601.
- Confirm the beneficiary registration and choose your transfer method: **NEFT**, **RTGS**, or **IMPS**.
- Enter the amount you wish to transfer and complete the transaction securely via OTP verification.
Important: Always double check the account number and IFSC code before authorizing a transaction to avoid failures or incorrect deposits.
Frequently Asked Questions
1. What is the IFSC Code of Indian Bank Margao?
The IFSC Code of Indian Bank Margao is IDIB000M058. This 11-digit alphanumeric code is mandatory for all online fund transfers, including NEFT, RTGS, and IMPS.
2. What is the MICR Code for Indian Bank Margao?
The MICR Code for Indian Bank Margao is NA. It is a 9-digit code printed on the bottom of cheque leaves, used primarily for faster clearing of cheques.
3. 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, in the city of South Goa, South Goa district, Goa.
4. How can I use the IDIB000M058 IFSC code?
You can use IDIB000M058 to transfer money electronically via internet banking or mobile apps. Simply add the beneficiary, enter their account number, name, and this IFSC code to initiate a secure NEFT, RTGS, or IMPS transaction.