There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Indusind Bank for its Textile Market Ring Road branch in Surat, Surat, Gujarat, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Indusind Bank situated in Surat or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code INDB0001656. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Indusind Bank, Textile Market Ring Road, Surat
Below in the table are the key details related to IFSC Code INDB0001656 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 | INDB0001656 |
| Branch | Textile Market Ring Road |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | Ground Floor Shop Nos 1006 1007 Raghunandan Textile Market Ring Road Surat 395002 |
These details are important not only for users using online banking but also for businesses and individuals who use Indusind Bank in Surat for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code INDB0001656 for the Textile Market Ring Road 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 that is provided by the Reserve Bank of India. A unique IFSC like INDB0001656 is given to every bank branch, including Indusind Bank located in Textile Market Ring Road, Surat, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Indusind Bank branch in Surat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Surat and Surat.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Indusind Bank in Textile Market Ring Road doesn't end up at another location.
Format of the IFSC Code INDB0001656
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 Textile Market Ring Road in Surat.
For example, the IFSC Code INDB0001656 of Indusind Bank for the Textile Market Ring Road branch includes these elements, identifying the bank and the branch location in Surat and Gujarat accurately.
How to Find IFSC Code for Indusind Bank?
If you are trying to find the IFSC Code INDB0001656 of Indusind Bank for its Textile Market Ring Road branch located in Surat, the following methods can help:
Cheque Book
The cheque book issued by Indusind Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Indusind Bank branches in Surat and Surat, print them on the first page of your passbook.
Bank Website
Visit the official website of Indusind Bank and navigate to the branch locator section. Search for Textile Market Ring Road or Surat to get the exact IFSC Code INDB0001656.
Mobile Banking App
If you use Indusind Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Indusind Bank and Surat, you'll get the correct details.
How to Use IFSC Code INDB0001656 for Online Transfers?
Once you have the IFSC Code INDB0001656 for the Textile Market Ring Road branch of Indusind Bank in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code INDB0001656. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 INDB0001656.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indusind Bank Textile Market Ring Road in Surat, 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 Textile Market Ring Road, 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 Surat to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is INDB0001656.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Ground Floor Shop Nos 1006 1007 Raghunandan Textile Market Ring Road Surat 395002 located in Surat, Surat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.