Indusind Bank Phoenix Bay Andaman
Phoenix Bay Andaman · South Andaman, Andaman and Nicobar Islands
744234002 is the MICR code for the Phoenix Bay Andaman branch of Indusind Bank, located in South Andaman, Andaman and Nicobar Islands. 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 INDB0002370.
Bank
Indusind Bank
Branch & Address
Phoenix Bay Andaman
Ground Floor Velocity Hotel Phonex Bay Port Blair
South Andaman, South Andaman, Andaman and Nicobar Islands
Contact
+913192212712MICR Code Structure
744
City
234
Bank
002
Branch
City code 744 identifies the RBI clearing centre, bank code 234 identifies Indusind Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Indusind Bank branches near South Andaman
Other banks in South Andaman, Andaman and Nicobar Islands
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 (INDB0002370) 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 744234002 is in the middle, and your account number is on the right.