IFSC Code and MICR Code Explained
The IFSC code is required for making online banking transactions securely. It helps identify the exact bank branch where the account is held.
IFSC (Indian Financial System Code) is a unique code assigned to each bank branch by the Reserve Bank of India (RBI). It is used for electronic payment systems such as:
- NEFT (National Electronic Funds Transfer)
- RTGS (Real-Time Gross Settlement)
- IMPS (Immediate Payment Service)
- CFMS (Centralised Funds Management System)
IFSC Code Format
An IFSC code consists of 11 characters:
- First 4 characters: Represent the bank name
- 5th character: Always ‘0’ (reserved for future use)
- Last 6 characters: Identify the specific branch
IFSC ensures secure and accurate online transactions.
MICR Code
The MICR (Magnetic Ink Character Recognition) code is a unique number printed on cheques. It is used by banks to process and verify cheque transactions quickly and accurately.
MICR is mainly used for cheque processing and banking automation.
All India Bank Branches Address, IFSC CODE, MICR CODE Details
IFSC Code: IDIB000A560 ALARA Branch, CUTTACK, ODISHA, in INDIAN BANK, Find Branch Details/Bank/District/State/Address/MICR Code By using IFSC Code.
IFSC Code: IDIB000A560 ALARA Branch, CUTTACK, ODISHA, in INDIAN BANK, Find Branch Details/Bank/District/State/Address/MICR Code By using IFSC Code.
Please Enter 11 character IFSC Code.
Search IFSC Code
Bank: INDIAN BANK
Address: ALARA ALARA
State: ODISHA
District: CUTTACK
Branch: ALARA
IFSC Code: IDIB000A560 (used for RTGS, IMPS and NEFT transactions)
MICR Code: NA