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 Magob branch in Surat, Surat, Gujarat, 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 Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code INDB0001565. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indusind Bank, Magob, Surat
Below in the table are the key details related to IFSC Code INDB0001565 of Indusind Bank for its branch located in Surat, within the district of Surat in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Indusind Bank |
| IFSC Code | INDB0001565 |
| Branch | Magob |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | Indusind Bank G 37 Landmark Empire Magob Saroli Main Road Magob Surat |
These details help users in online banking and for businesses and individuals who use Indusind Bank in Surat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code INDB0001565 for the Magob branch of Indusind Bank has a very 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 Magob, Surat, Gujarat, are given a unique IFSC like INDB0001565 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Surat.
- 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 Surat and Surat.
- 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 Magob goes to the correct branch. This is important because Indusind Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code INDB0001565
The format of the IFSC Code for banks, including Indusind Bank, has 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 Magob in Surat.
For example, the IFSC Code INDB0001565 of Indusind Bank for the Magob branch includes these elements, identifying the bank and the branch location in Surat and Gujarat correctly.
How to Find IFSC Code for Indusind Bank?
If you are looking for the IFSC Code INDB0001565 of Indusind Bank for its Magob branch located in Surat, 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 Surat and Surat, 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 Magob or Surat to get the exact IFSC Code INDB0001565.
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 Surat, then it will provide you proper information.
How to Use IFSC Code INDB0001565 for Online Transfers?
Once you have the IFSC Code INDB0001565 for the Magob branch of Indusind Bank in Surat, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code INDB0001565. 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 INDB0001565.
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 Magob in Surat, it can 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 Magob, 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 Surat manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Magob Surat branch is INDB0001565.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Indusind Bank G 37 Landmark Empire Magob Saroli Main Road Magob Surat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.