Latest details of Ifsc: Indb0002318
INDUSIND BANK
Branch name : PALACOLE
Contact Information
Address: GROUND FLOOR HARISH PLAZA NEAR RAILWAY GATE PALACOLE WEST GODAVAI ANDHRA PRADESH 534260
Contact number: 223227
Bank Details
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
