State wise list of IndusInd Bank IFSC code, MICR code and addresses of all branches in India
or Choose State from list below
Credit Score of 750 = Easy approval on Loans/Credit Card! Check now in less than 3 min!Check for FREE
Ever since it was introduced, online money transfer has simplified the lives of millions of people. In India, RBI has introduced two methods of making online payments via NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). Both these methods have been designed to facilitate speedy and efficient transfer of funds in a secure manner which is also economical. NEFT and RTGS methods of online payment make use of a unique 11 digit code known as the IFSC or Indian Financial System Code to initiate payments. All banks which are a part of the NEFT network are assigned their own IFSC code to facilitate their customers to make and receive payments.
The IFSC is an 11 character code which comprises of a combination of alphabets and letters. The code can be broken down into 3 parts wherein the first 4 characters represent the name of the bank, the fifth character remains zero (reserved for future use) and the last 6 characters represent the branch code. So, for instance the IndusInd Bank IFSC code for the Barakhamba branch in New Delhi is INDB0000005. Here, the first 4 characters ‘INDB’ represent the name of the bank i.e. IndusInd Bank, the fifth characters remains 0 and the last 6 characters ‘000005’ represent the branch code.
If you are looking to transfer money via NEFT, RTGS or IMPS, you will need to provide your banking institution with the IFSC code of the branch where you are sending the money. For IndusInd Bank, you can find the IFSC code of any branch online or offline. The IFSC codes of every branch is printed on the cheque leaves of every cheque book issued by the bank. Alternately, if you do not have a cheque book handy, you can find the IFSC code of any IndusInd branch online at BankBazaar. All you need to do is go to the website’s main page. At the bottom, you will find a tab labelled ‘Bank IFSC Code’. Clicking on that will take you to another page which features 4 drop down menus, asking you to choose the name of the bank you’re looking for, the state and district it is located in and the specific branch. Once you have input all this information, the page will immediately display the required information for you, i.e. IFSC amd MICR code for the branch, the branch address and also the contact details of the branch.
To facilitate quick, easy and secure money transfer, IndusInd Bank provides its customers with the facility of making online payments via NEFT, RTGS and IMPS. All three of these services involve the usage of the IFSC code for making money transfer. The code also helps in regulating the transaction by identifying the source and destination bank in the event of a transaction.
NEFT:
NEFT or National Electronic Funds Transfer is one of the most popular and widely used methods of making online payments which has been introduced by the RBI. This service enables customers to transfer funds securely and quickly on a one-to-one basis. Payments are settled in hourly batches which results in a slight time lag. All banks which are a part of the NEFT network are assigned a special IFSC code which can be used by customers at the time of making an online transfer. However, unlike RTGS, NEFT is ideal for making transaction for lower amounts. IndusInd provides its customers the facility to make their IndusInd credit card bill payments conveniently via NEFT transfer.
RTGS:
Real Time Gross Settlement or RTGS is another system of fund transfer introduced by the RBI where the transfer of money or securities takes place on a real time basis. Under RTGS, there is no waiting or delay period as the transactions are performed on a ‘real time’ and ‘gross’ basis. This means that the transactions are processed and settled as soon as they are received and settled on a one-to-one basis without being bundled or clubbed with other transactions. Transfers one made via RTGS are final and irrevocable. RTGS transactions are ideal for making high value monetary transfers which require immediate processing.
IMPS:
Immediate Payment Service, also known as IMPS, is a recently addition to the suite of online payment services now available to the public. Introduced in 2010 by the NPCI, this service, like RTGS and NEFT, too facilitates transfer or funds electronically. IMPS enables customers to access their bank accounts and also remit funds via their mobile devices. IMPS, like NEFT and RTGS also makes use of an IFSC code to transfer funds to a beneficiary’s account.
Established in 1994, IndusInd Bank Limited is among the leading banking institutions of India. As one of the pioneering new-generation private banks to have forayed into the financial services sector, IndusInd boasts of a revenue of Rs 82.5 billion. Over the years, the bank has specialized in catering to the financial needs of a wide range of customers with an extensive range of well-appointed products and services. Currently, the bank operates on a nationwide scale with the help of a well-spread out network of over 600 branches and over 1200 ATMs.
Credit Score of 750 = Easy approval on Loans/Credit Card! Check now in less than 3 min!Check for FREE
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.