Indusind Bank VISAKHAPATNAM

Indusind Bank – VISAKHAPATNAM

IFSC Code: INDB0000581

MICR Code: 530234001

Branch: VISAKHAPATNAM

Bank: Indusind Bank

Address: CDR HOSPITAL, A. S. RAJA COMPLEX ‘WALTAIR MAIN ROAD, VISAKHAPATNAM 530 002

District: VISAKHAPATNAM

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): INDB0000581

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 000581. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 530234001

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.