Indian Bank — MAIGALGANJ

KHERI, UTTAR PRADESH

IFSC Code

IDIB000M563

MICR Code

262019740

Branch

MAIGALGANJ

Bank

Indian Bank

District

MAGAL GANJ

State

UTTAR PRADESH

Contact

+918853971634

Address

VILL AND POST MAIGALGANJ DISTRICT LAKHIMPUR KHERI GT ROAD MAGAL GANJ PIN 261505

Get Directions to This Branch

Using IFSC IDIB000M563 for money transfers

NEFT transfers to MAIGALGANJ, one of Indian Bank's branches in MAGAL GANJ, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.

RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches MAIGALGANJ almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to MAIGALGANJ clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to MAIGALGANJ: 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 MAIGALGANJ 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 MAIGALGANJ 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 IDIB000M563 when prompted — this routes the transfer to MAIGALGANJ 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 MAIGALGANJ branch?

The IFSC code for Indian Bank's MAIGALGANJ branch in KHERI, MAGAL GANJ, UTTAR PRADESH is IDIB000M563. 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 262019740. MICR codes are used for cheque clearing, while the IFSC code (IDIB000M563) is what's needed for electronic transfers like NEFT and RTGS.

Where is the MAIGALGANJ branch of Indian Bank located?

This branch is located at: VILL AND POST MAIGALGANJ DISTRICT LAKHIMPUR KHERI GT ROAD MAGAL GANJ PIN 261505. It falls under MAGAL GANJ district, UTTAR PRADESH.

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

Yes — the same IFSC code (IDIB000M563) 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 +918853971634.

Indian Bank in other districts of UTTAR PRADESH

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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.