Indian Bank — BALUA

CHANDAULI, UTTAR PRADESH

IFSC Code

IDIB000B586

MICR Code

232019055

Branch

BALUA

Bank

Indian Bank

District

BALUA

State

UTTAR PRADESH

Contact

+918795597876

Address

OPPOSITE POLICE STATION VILL PO BALUA BALUA BALUA PIN 232109

Get Directions to This Branch

Using IFSC IDIB000B586 for money transfers

NEFT (National Electronic Funds Transfer) lets you send money to any account at Indian Bank's BALUA branch from any other bank in India. Transfers are processed in half-hourly batches, so funds usually reach the recipient within a couple of hours, and there's no minimum or maximum amount restriction from RBI's side.

For amounts of ₹2 lakh or more sent to an account at Indian Bank, BALUA, RTGS is usually the better choice over NEFT — each transaction settles on its own in real time instead of waiting in a batch.

IMPS (Immediate Payment Service) is the fastest of the three — funds move to BALUA within seconds, any time of day including bank holidays. It's typically capped at ₹5 lakh per transaction depending on your bank's own limits.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to BALUA: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting BALUA In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Here's how to send money to BALUA using net banking or a UPI app:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code IDIB000B586 when prompted — this routes the transfer to BALUA specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the Indian Bank BALUA branch?

The IFSC code for Indian Bank's BALUA branch in CHANDAULI, BALUA, UTTAR PRADESH is IDIB000B586. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 232019055. MICR codes are used for cheque clearing, while the IFSC code (IDIB000B586) is what's needed for electronic transfers like NEFT and RTGS.

Where is the BALUA branch of Indian Bank located?

This branch is located at: OPPOSITE POLICE STATION VILL PO BALUA BALUA BALUA PIN 232109. It falls under BALUA district, UTTAR PRADESH.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (IDIB000B586) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +918795597876.

Indian Bank in other districts of UTTAR PRADESH

LUCKNOW (17)MEERUT (11)GAUTAM BUDDHA NAGAR (9)AGRA (8)BAHRAICH (8)KANPUR (8)MUZAFFARNAGAR (8)CIVIL LINES (7)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.