Indusind Bank – DAON
IFSC Code: INDB0000254
MICR Code: 160234010
Branch: DAON
Bank: Indusind Bank
Address: SHOP NO.2, GREEN ENCLAVE, KHARAR ROAD, DAON – 140301, TEHSIL & DIST: MOHALI
District: SAS NAGAR(MOHALI)
State: PUNJAB
Contact:
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Indusind Bank DAON
Indian Financial System Code (IFSC): INDB0000254
The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).
- The first four characters represent the bank name.
- The fifth character is always ‘0’ and is reserved for future use.
- Branch Code 000254. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 160234010
The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.
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