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It is very important to find MICR code 160234020 of correct branch before initiating a NEFT or RTGS or IMPS transfer. Though all banks will have a mechanism to verify the MICR Code, Bank Branch, Account Type and Name and any mismatch will result in failed transaction!
The best and simplest place to verify 160234020 MICR code branch is the cheque book. Most banks now print MICR Codes on the cheque books. Also, your account pass book should have the MICR Code printed.
160234020 is the MICR Code for Sector 54 Phase 2 Mohali branch of Indusind Bank. This can be used for online funds transfer via NEFT, RTGS amd IMPS to Indusind Bank account. The address of Sector 54 Phase 2 Mohali branch is Sco 46 sector 54 phase 2 sas nagar mohali punjab 160 054, which is located in Rupnagar District of Punjab State.
In Indus Bank MICR Code, the first 4 characters (1602) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (4020) represent the Indusind Bank branch code.
Find more information on MICR Code 160234020 of Indusind Bank Sector 54 Phase 2 Mohali Branch MICR Code Mohali for NEFT transfer, RTGS transfer and IMPS transfer below:
*The MICR Code information presented above is for reference only. Please verify MICR Code 160234020 details before initiating any transaction!