IDIB000M426: Indian Bank, Markapuram
IFSC code IDIB000M426 belongs to the Markapuram branch of Indian Bank in Markapuram, Andhra Pradesh. Its MICR code is 523019009.
- IFSC
- IDIB000M426
- MICR
- 523019009
- Bank
- Indian Bank
- Branch
- Markapuram
- District
- Markapuram
- State
- Andhra Pradesh
Branch address
Indian Bank
Beside CMR Shopping Mall Lane Markapuram
Payment systems
| System | On RBI's list for this branch | What it is for |
|---|---|---|
| NEFT | Yes | Transfers of any amount, settled in half-hourly batches, all day |
| RTGS | Yes | Large transfers (₹2 lakh and above), settled one by one in real time |
| IMPS | Yes | Instant transfers, any time, usually for smaller amounts |
| UPI | Yes | Payments by UPI ID or mobile number from apps |
Reading this IFSC
IDIB is Indian Bank's bank code, the fifth character 0 is kept for future use, and 00M426 is the code of the Markapuram branch. In the MICR code 523019009, 523 is the city, 019 the bank and 009 the branch.
IFSC and your loan
When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.
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Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.
The IFSC of Indian Bank's Markapuram branch (Markapuram, Andhra Pradesh) is IDIB000M426.
523019009. MICR is printed at the bottom of the branch's cheques.
Beside CMR Shopping Mall Lane Markapuram
RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IDIB000M426 with the beneficiary's account number.
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