Indusind Bank Shrimad Rajchandra IFSC Code
Indusind Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Shrimad Rajchandra
Address
Gr Floor Shrimad Rajchandra Sarvamangal Trust Dharampur Bypass Road Dharampur Valsad Gujarat 396050
View on Google MapsDistrict
Valsad
State
Gujarat
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Other Indusind Bank Branches in Valsad
4 nearby branches — click to view IFSC
Valsad (park Tithal Road Valsad 396 - 0092)
Shop No. 7 10, Megh Rachana Tower, Sheela Park, Tithal Road, Valsad 396 001
Umbergaon (grd Flr Shop 1 2 10 Riddhi S - 0811)
Grd Flr Shop 1 2 10 Riddhi Siddhi Chs R S No 45 P 2p St Rd Umbergaon Dist Valsad Gujarat 396165
Pardi (childrens Hospital Near Bus - 1634)
Ground Floor Astha Building Below Kalrav Childrens Hospital Near Bus Stop Nh 8 Killa Pardi Tal Pardi
Chala Vapi (vapi Daman Road Chala Vapi - 2286)
Shop No Vapi Daman Road Chala Vapi Valsad Gujarat
Frequently Asked Questions
About Indusind Bank Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304), Valsad
The IFSC code INDB0002304 (lowercase: indb0002304) belongs to Indusind Bank, specifically the Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304) branch located in Valsad, Gujarat.
The 5th character in the IFSC code INDB0002304 is a zero (0), not the letter 'O'. The correct format is INDB0002304 (lowercase: indb0002304), and not INDBO002304. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Indusind Bank Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304) in Valsad, Gujarat is INDB0002304. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Indusind Bank Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304) is located at Gr Floor Shrimad Rajchandra Sarvamangal Trust Dharampur Bypass Road Dharampur Valsad Gujarat 396050, Valsad, Gujarat. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Indusind Bank Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304) is 396234003. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code INDB0002304 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code INDB0002304 by checking: (1) The top-left corner of any Indusind Bank Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304) cheque leaf, (2) The first page of your Indusind Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: INDB0002304
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
INDB0002304
What Each Part Means
- Bank Code — INDB
- The first 4 characters uniquely identify Indusind Bank at the national level. Every branch of Indusind Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 002304
- The final 6 characters 002304 uniquely identify this specific branch within the Indusind Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | INDB | Identifies Indusind Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 002304 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Indusind Bank
Shrimad Rajchandra (dharampur Bypass Road Dharam - 2304), Valsad, Gujarat
Cheque No.
00002304
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | INDB0002304 | 396234003 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.