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Indusind Bank · Ratlam

INDB0000947: Indusind Bank, Ratlam

IFSC code INDB0000947 belongs to the Ratlam branch of Indusind Bank in Ratlam, Madhya Pradesh. Its MICR code is 457234001.

IFSC
INDB0000947
MICR
457234001
Bank
Indusind Bank
Branch
Ratlam
District
Ratlam
State
Madhya Pradesh
Phone
+917412230112

Branch address

Indusind Bank
GRD Flr Satellite Plot No 71 Near Ujjala Hotel MG Road Station Road Ratlam 457001 Madhya Pradesh

Open in a map · Pincode 457001: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

INDB is Indusind Bank's bank code, the fifth character 0 is kept for future use, and 000947 is the code of the Ratlam branch. In the MICR code 457234001, 457 is the city, 234 the bank and 001 the branch.

Other Indusind Bank branches in Ratlam

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Indusind Bank's Ratlam branch (Ratlam, Madhya Pradesh) is INDB0000947.

  2. 457234001. MICR is printed at the bottom of the branch's cheques.

  3. GRD Flr Satellite Plot No 71 Near Ujjala Hotel MG Road Station Road Ratlam 457001 Madhya Pradesh

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC INDB0000947 with the beneficiary's account number.

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