Indian Bank — MAGARAL Branch
KANCHEEPURAM, TAMIL NADU
Available Services
Branch Details
| Bank Name | Indian Bank |
|---|---|
| Branch Name | MAGARAL |
| IFSC Code | IDIB000M124 |
| MICR Code | 600019197 |
| SWIFT Code | N/A |
| Address | NO170 A RAJA STREET MAGARAL VILLAGE AND POST IP ADRESS 10125282 PIN 631603 |
| City | KANCHEEPURAM |
| District | KANCHEEPURAM |
| State | TAMIL NADU |
| Contact Number | +914427240332 |
How to Use IDIB000M124 for Money Transfers
The IFSC code IDIB000M124 is specifically assigned to the MAGARAL branch of Indian Bank located in KANCHEEPURAM, TAMIL NADU. This unique code is mandatory for routing electronic payments correctly within India.
NEFT Transfer
Use IDIB000M124 when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.
RTGS Transfer
For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use IDIB000M124 along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.
IMPS & UPI
IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require IDIB000M124 when registering a new beneficiary.
Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.
About Indian Bank MAGARAL Branch
The MAGARAL branch of Indian Bank is situated in KANCHEEPURAM, TAMIL NADU. The branch address is NO170 A RAJA STREET MAGARAL VILLAGE AND POST IP ADRESS 10125282 PIN 631603. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at +914427240332. Always use the IFSC code IDIB000M124 when making any online fund transfer to an account held at this branch.
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