For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Indusind Bank for its Hubli branch in Dharwad, Hubli, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Indusind Bank located in Dharwad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code INDB0000058. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Indusind Bank, Hubli, Dharwad
The table below shows the main details of the IFSC Code INDB0000058 for the Indusind Bank branch in Dharwad, which falls under the Hubli district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Indusind Bank |
| IFSC Code | INDB0000058 |
| Branch | Hubli |
| City | Dharwad |
| District | Hubli |
| State | Karnataka |
| Address | Rr’s Mahalaxmi Mansion, Desai Cross, Pinto Road, Hubli 580 020 |
These details are important not only for users using online banking but also for businesses and individuals who use Indusind Bank in Dharwad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code INDB0000058 for the Hubli branch of Indusind Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Indusind Bank located in Hubli, Dharwad, Karnataka, are allotted a unique IFSC like INDB0000058 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dharwad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dharwad and Hubli.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indusind Bank in Hubli reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code INDB0000058
The format of the IFSC Code for banks, including Indusind Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Indusind Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Hubli in Dharwad.
For example, the IFSC Code INDB0000058 of Indusind Bank for the Hubli branch includes these elements, identifying the bank and the branch location in Dharwad and Karnataka accurately.
How to Find IFSC Code for Indusind Bank?
If you are looking for the IFSC Code INDB0000058 of Indusind Bank for its Hubli branch located in Dharwad, the following methods can help:
Cheque Book
The cheque book that is issued by Indusind Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Indusind Bank branches in Dharwad and Hubli, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Indusind Bank and look for the branch locator section, then search for Hubli or Dharwad to get the exact IFSC Code INDB0000058.
Mobile Banking App
If you use Indusind Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Indusind Bank and Dharwad, then it will provide you proper information.
How to Use IFSC Code INDB0000058 for Online Transfers?
Once you have the IFSC Code INDB0000058 for the Hubli branch of Indusind Bank in Dharwad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code INDB0000058. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Indusind Bank IFSC Code INDB0000058.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indusind Bank Hubli in Dharwad may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indusind Bank in Hubli, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Indusind Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Dharwad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is INDB0000058.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Rr’s Mahalaxmi Mansion, Desai Cross, Pinto Road, Hubli 580 020 located in Dharwad, Hubli, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
