Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Indusind Bank for its Jeypore Odisha branch in Koraput, Jeypore, or Odisha, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Indusind Bank located in Koraput or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code INDB0001021. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Indusind Bank, Jeypore Odisha, Koraput

Here are some of the key details that come with the IFSC Code INDB0001021 of Indusind Bank for its branch located in Koraput, within the district of Jeypore in the state of Odisha.

Particulars Details
Bank Indusind Bank
IFSC Code INDB0001021
Branch Jeypore Odisha
City Koraput
District Jeypore
State Odisha
Address Ground And First Floor Rcm Complex Plot No 1220 1707 1997 M G Road Near Siridi Sai Temple Jeypore

These details are important not only for users using online banking but also for businesses and individuals who use Indusind Bank in Koraput for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code INDB0001021 for the Jeypore Odisha 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 Jeypore Odisha, Koraput, Odisha, are allotted a unique IFSC like INDB0001021 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Koraput.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Koraput and Jeypore.
  • 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 Jeypore Odisha reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code INDB0001021

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Indusind Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Jeypore Odisha in Koraput.

For example, the IFSC Code INDB0001021 of Indusind Bank for the Jeypore Odisha branch includes these elements, identifying the bank and the branch location in Koraput and Odisha accurately.

How to Find IFSC Code for Indusind Bank?

If you are trying to find the IFSC Code INDB0001021 of Indusind Bank for its Jeypore Odisha branch located in Koraput, the following methods can help:

Cheque Book

The cheque books that are issued by Indusind Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Indusind Bank branches in Koraput and Jeypore, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Indusind Bank and find the branch locator section. Search for Jeypore Odisha or Koraput to get the exact IFSC Code INDB0001021.

Mobile Banking App

If you use Indusind Bank's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Indusind Bank and Koraput that will provide accurate information.

How to Use IFSC Code INDB0001021 for Online Transfers?

Once you have the IFSC Code INDB0001021 for the Jeypore Odisha branch of Indusind Bank in Koraput, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code INDB0001021. The transfer is completed in batches instead of instantly. It is useful for both 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 INDB0001021.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indusind Bank Jeypore Odisha in Koraput, your payment can get delayed or might not go through at all.

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 Jeypore Odisha, 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 Koraput to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indusind Bank Jeypore Odisha Koraput?

The IFSC Code of the Jeypore Odisha Koraput branch is INDB0001021.

Is IFSC Code INDB0001021 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 Jeypore Odisha branch?

The branch is located at Ground And First Floor Rcm Complex Plot No 1220 1707 1997 M G Road Near Siridi Sai Temple Jeypore.

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.