The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Indusind Bank for its Sirol branch in Gwalior, Sirol, Madhya Pradesh, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Indusind Bank located in Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code INDB0000487. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indusind Bank, Sirol, Gwalior

The table below shows the main details of the IFSC Code INDB0000487 for the Indusind Bank branch in Gwalior, which falls under the Sirol district in Madhya Pradesh.

Particulars Details
Bank Indusind Bank
IFSC Code INDB0000487
Branch Sirol
City Gwalior
District Sirol
State Madhya Pradesh
Address Ground Floor,Survey No 151-1, Sirol Gram Panchayat Limits, Block- Morar, Dist Gwalior, Madhya Pradesh, Pin Code- 474006

These details are essential not only for online banking users but also for businesses and individuals who use Indusind Bank in Gwalior for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code INDB0000487 for the Sirol branch of Indusind Bank plays an important role.

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 Sirol, Gwalior, Madhya Pradesh, are given a unique IFSC like INDB0000487 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Gwalior.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Gwalior and Sirol.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Indusind Bank in Sirol goes to the correct branch. This is important because Indusind Bank has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code INDB0000487

This is the format of the IFSC Code for banks, including Indusind Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Indusind Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Sirol in Gwalior.

For example, the IFSC Code INDB0000487 of Indusind Bank for the Sirol branch includes these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh accurately.

How to Find IFSC Code for Indusind Bank?

If you are looking for the IFSC Code INDB0000487 of Indusind Bank for its Sirol branch located in Gwalior, 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 Gwalior and Sirol, 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 Sirol or Gwalior to get the exact IFSC Code INDB0000487.

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 Gwalior, then it will provide you proper information.

How to Use IFSC Code INDB0000487 for Online Transfers?

Once you have the IFSC Code INDB0000487 for the Sirol branch of Indusind Bank in Gwalior, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code INDB0000487. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Indusind Bank IFSC Code INDB0000487.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Indusind Bank Sirol in Gwalior, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Indusind Bank in Sirol, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Gwalior to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indusind Bank Sirol Gwalior?

The IFSC Code of the Sirol Gwalior branch is INDB0000487.

Is IFSC Code INDB0000487 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Indusind Bank Sirol branch?

The branch is located at Ground Floor,Survey No 151-1, Sirol Gram Panchayat Limits, Block- Morar, Dist Gwalior, Madhya Pradesh, Pin Code- 474006.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.