Indusind Bank Medical Square Nagpur
Medical Square Nagpur · Nagpur, Maharashtra
440234011 is the MICR code for the Medical Square Nagpur branch of Indusind Bank, located in Nagpur, 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 INDB0000705.
Bank
Indusind Bank
Branch & Address
Medical Square Nagpur
Grd Flr Plot no 196 Untkhana Road Medical Square Nagpur 440009 Maharashtra
Nagpur, Nagpur, Maharashtra
Contact
+917122755545MICR Code Structure
440
City
234
Bank
011
Branch
City code 440 identifies the RBI clearing centre, bank code 234 identifies Indusind Bank, and branch code 011 identifies this specific branch.
Online Payment Methods Supported
Other Indusind Bank branches near Nagpur
Other banks in Nagpur, 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 (INDB0000705) 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 440234011 is in the middle, and your account number is on the right.