Indusind Bank, MANDLA, MANDLA Branch IFSC Code

The IFSC code INDB0000243 is assigned to Indusind Bank, MANDLA located in MANDLA, MADHYA PRADESH. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

✓ NEFT ✓ RTGS ✓ IMPS ✓ UPI

Bank Details

Bank Name Indusind Bank
IFSC Code INDB0000243
MICR Code 481234001
Branch Code 000243
Branch MANDLA
City MANDLA
District MANDLA
State MADHYA PRADESH
Address SBI SQUARE, CIVIL LINES, MANDLA 481 661 Maps

Find Any Bank Branch

Select options step by step to find any IFSC code:

Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

INDB Bank Code
0 Reserved (0)
000243 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

481 City Code
234 Bank Code
001 Branch Code

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code INDB0000243 is the Indian Financial System Code assigned to Indusind Bank, MANDLA branch in MANDLA, MADHYA PRADESH. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in MANDLA, MANDLA, MADHYA PRADESH. The full address is: SBI SQUARE, CIVIL LINES, MANDLA 481 661

The branch code is 000243. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Indusind Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

The MICR (Magnetic Ink Character Recognition) code for this branch is 481234001. MICR code is a 9-digit code used for processing cheques and is printed on cheque leaves.

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: INDB0000243
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
← View all Indusind Bank branches
Copied to clipboard!