Indusind Bank AKOLA IFSC Code, MICR Code, Contact No. - Akola, Maharashtra

Indusind Bank AKOLA Branch IFSC Code, MICR Code (Akola, Maharashtra). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Indusind Bank AKOLA - Akola, Maharashtra

IFSC Code:INDB0000589
MICR Code:444234001
Branch Code:000589 (Last six characters of IFSC Code represent Branch code)
Address:GANAPATI PLAZA,SITUATED OPP.ASHOK VATIKA,COLLECTOR OFFICE ROAD,AKOLA 444 001,MAHARASHTRA
Branch:AKOLA
City:AKOLA
District:Akola
State:Maharashtra
Contact No.:724-2420342

Report Error

Disclaimer: The information in this site is intended solely for information purpose only. While we have taken every precaution to insure that the content of this site is both current and accurate, errors can occur. Author is not responsible for any loss and/or damage that may arise or is incurred by use of such information. Any action you take upon the information on this website is strictly at your own risk.

Indusind Bank IFSC Code is INDB0000589, MICR Code is 444234001, Branch Code is 000589 which is last six characters of IFSC Code, Branch name is AKOLA located in GANAPATI PLAZA,SITUATED OPP.ASHOK VATIKA,COLLECTOR OFFICE ROAD,AKOLA 444 001,MAHARASHTRA, AKOLA, Akola, Maharashtra, Contact no. is 724-2420342. IFSC code is used for NEFT, IMPS and RTGS Transactions.

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.