Indusind Bank Wadivarhe
Wadivarhe · Nashik, Maharashtra
422234501 is the MICR code for the Wadivarhe branch of Indusind Bank, located in Nashik, 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 INDB0001406.
Bank
Indusind Bank
Branch & Address
Wadivarhe
Indusind Bank LTD 1143 a Wadivarhe Taluka Igatpuri District Nashik 422403
Nashik, Nashik, Maharashtra
Contact
+912553236657MICR Code Structure
422
City
234
Bank
501
Branch
City code 422 identifies the RBI clearing centre, bank code 234 identifies Indusind Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Indusind Bank branches near Nashik
Other banks in Nashik, 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 (INDB0001406) 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 422234501 is in the middle, and your account number is on the right.