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Indusind Bank

SILVASSA BRANCH

IFSC CODE
INDB0000206
MICR Code 396234111
Branch Code 000206
City / District SILVASSA
State DADAR AND NAGAR HAVELI
Office Address ROSHAN AVENUE 9, SILVASSA VAPI ROAD, SILVASSA 396230 DADRA NAGAR HAVELI U T
Phone Not Available
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Understanding IFSC Code: The Digital DNA of Indusind Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the SILVASSA branch of Indusind Bank, the code INDB0000206 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the INDB0000206 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"INDB" represents Indusind Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for SILVASSA

Payment Systems Supported by INDB0000206

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—396234111—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Indusind Bank in SILVASSA typically follows the RBI holiday calendar. Digital transfers via INDB0000206 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While INDB0000206 is the valid code for SILVASSA at SILVASSA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

  • • Indusind Bank Branch List
  • • SILVASSA IFSC Codes
  • • Swift Code for Indusind Bank
  • • Bank Holiday in DADAR AND NAGAR HAVELI

Financial Tools

  • • GST Calculator Online
  • • Personal Loan EMI Calc
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Branch Context

  • • SILVASSA Contact
  • • Address of Indusind Bank
  • • MICR Code Finder
  • • DADAR AND NAGAR HAVELI Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
  • • Webmaster Tools
  • • IFSC Finder v2.0

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