Indusind Bank Pali, Ratnagiri
Pali, Ratnagiri · Ratnagiri, Maharashtra
415234506 is the MICR code for the Pali, Ratnagiri branch of Indusind Bank, located in Ratnagiri, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code INDB0001678.
Bank
Indusind Bank
Branch & Address
Pali, Ratnagiri
Indusind Bank LTD Pakhare Building House no 1277 Bazarpeth Pali Ratnagiri 415803
Ratnagiri, Ratnagiri, Maharashtra
Contact
+912352249210MICR Code Structure
415
City
234
Bank
506
Branch
City code 415 identifies the RBI clearing centre, bank code 234 identifies Indusind Bank, and branch code 506 identifies this specific branch.
Online Payment Methods Supported
Other Indusind Bank branches near Ratnagiri
Other banks in Ratnagiri, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (INDB0001678) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 415234506 is in the middle, and your account number is on the right.