Indusind Bank Dholankhapa
Dholankhapa · Chhindwara, Madhya Pradesh
480234501 is the MICR code for the Dholankhapa branch of Indusind Bank, located in Chhindwara, Madhya Pradesh. 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 INDB0000538.
Bank
Indusind Bank
Branch & Address
Dholankhapa
Gr Flr 92 Bn no 175 Ph no 03 Khasra no 163 Vill Dholankappa Block Pandurna Dist Chhindwara Mp 480334
Chhindwara, Pandhurna, Madhya Pradesh
Contact
+917164290015MICR Code Structure
480
City
234
Bank
501
Branch
City code 480 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 Chhindwara
Other banks in Chhindwara, Madhya Pradesh
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 (INDB0000538) 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 480234501 is in the middle, and your account number is on the right.