Indusind Bank Salem Branch IFSC Code: INDB0000116
Branch Code: 000116 | SALEM, SALEM, Tamil Nadu
The official Indian Financial System Code (IFSC) for Indusind Bank, Salem branch in SALEM, Tamil Nadu is INDB0000116. The MICR code for cheque clearance is 636234002.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- Indusind Bank
- Branch Name
- SALEM
- MICR Code
- City / District
- SALEM (SALEM)
- State
- Tamil Nadu
- Postal Pincode
- N/A
SANTHAM SHOPPING COMPLEX, 137 SARADHA COLLEGE, MAIN ROAD, ALAGAPURAM, SALEM 636 016
How to Read IFSC Code: INDB0000116
An Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India to identify bank branches for electronic payment systems.
First 4 alphabetic characters identify Indusind Bank.
5th character is always numeral '0', reserved for future use.
Last 6 alphanumeric characters identify the specific physical branch.
Payment Systems Supported by this IFSC Code
| Payment System | Settlement Time | Minimum Amount | Availability | Ideal For |
|---|---|---|---|---|
| NEFT (National Electronic Funds Transfer) | Half-hourly batches | ₹1 (No minimum) | 24x7x365 | Routine bills, small & medium transactions |
| RTGS (Real Time Gross Settlement) | Real-time instant | ₹2,00,000 | 24x7x365 | High-value urgent financial transfers |
| IMPS (Immediate Payment Service) | Immediate | ₹1 (Max ₹5 Lakh) | 24x7x365 | Instant mobile banking & emergency transfers |
Frequently Asked Questions: Indusind Bank (INDB0000116)
Which bank does IFSC Code INDB0000116 belong to?
IFSC Code INDB0000116 belongs to Indusind Bank for its SALEM branch, located in SALEM, Tamil Nadu. The 4-letter prefix 'INDB' represents Indusind Bank.
What is the IFSC Code for Indusind Bank SALEM branch?
The IFSC Code for Indusind Bank SALEM branch in SALEM, Tamil Nadu is INDB0000116. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of Indusind Bank SALEM branch?
The branch is located at: SANTHAM SHOPPING COMPLEX, 137 SARADHA COLLEGE, MAIN ROAD, ALAGAPURAM, SALEM 636 016, SALEM, Tamil Nadu.
What is the MICR Code for Indusind Bank SALEM?
The MICR Code for electronic cheque clearing at Indusind Bank SALEM is 636234002.
How to decipher the IFSC code INDB0000116?
The first 4 characters 'INDB' represent Indusind Bank. The 5th character is '0' reserved for future use. The last 6 characters '000116' represent the specific SALEM branch code.
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