Indusind Bank Kothapet Guntur
Kothapet Guntur · Guntur, Andhra Pradesh
520234103 is the MICR code for the Kothapet Guntur branch of Indusind Bank, located in Guntur, Andhra 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 INDB0000845.
Bank
Indusind Bank
Branch & Address
Kothapet Guntur
Grd Flr, D no 5 25 521 Next to Vijaya Talkies nr Head Po Kothapet Main Rd Kothapet Guntur 522001 Ap
Guntur, Guntur, Andhra Pradesh
Contact
+918632225142MICR Code Structure
520
City
234
Bank
103
Branch
City code 520 identifies the RBI clearing centre, bank code 234 identifies Indusind Bank, and branch code 103 identifies this specific branch.
Online Payment Methods Supported
Other Indusind Bank branches near Guntur
Other banks in Guntur, Andhra 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 (INDB0000845) 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 520234103 is in the middle, and your account number is on the right.