State wise list of IndusInd Bank IFSC code, MICR code and addresses of all branches in India
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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.
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IndusInd Bank opened a new branch in Faridabad. This is the fourth IndusInd Bank branch that has been opened in Sector-15, Urban Estate of Faridabad. The bank has now increased share prices since the opening of the new branch. Now IndusInd Bank has more presence across Haryana. The new branch will provide a host of banking services such as saving/current bank account, deposits, loan, ATM, and more. Faridabad is considered to be the major industrial hub in Haryana, by opening a branch in Faridabad, the bank can expect a growth in overall customer acquisition.
21st March 2017
IndusInd Bank has confirmed that the bank is in deal talks with MFI Bharat Financial for a merger. There is speculation that the bank might merge with MFI Bharat Financial in an all-stock deal since the management has authorized to evaluate certain strategic opportunities for expansion. The bank has not come to a conclusion or an answer at the moment, however, it has been made clear that they are in deal talks with MFI Bharat Financial. The merger of IndusInd Bank and MFI Bharat Financial has been speculated for a long time now. IndusInd Bank will review all possible strategic opportunities before any further announcement of the merger is announced.
10th March 2017
IndusInd Bank, the private lender promoted by Hindujas, has commenced negotiations to take over IL&FS Securities Services Ltd. (ISSL). The mount of the acquisition remains undisclosed at the moment, but the company revealed that it had entered a pact with IL&FS to purchase the whole firm. The revenue of ISSL in 2015-16 was 277.6 crore, with R.39 crore as profit after tax in the same financial year. The company also revealed that its standalone turnovers in 2014-15 amounted to Rs.255.3 crore, and in 2013-14, it was Rs.203.7 crore.
The Chief Executive Officer and Managing Director of the bank, Romesh Sobti, said, “IndusInd is already a player in the capital market business with a client base of over 500 brokers. This acquisition brings scale to it, complements our current product offerings and fits nicely into our strategy of creating differentiated businesses with domain expertise.”
18th March 2017
IndusInd bank is looking to improve their customer engagement services. In their effort to do so, they have tied up with IBM and enlisted their cloud commerce solutions, particularly their predictive analytics to develop a strong cross selling platform. The main objective of the bank is to strengthen their presence in the online banking sphere and also increase the product holding per customer. With a strong competition in the online banking front, the need of the hour is to be able to process large amounts of data related to transactions and interactions from various touch points. Customer behaviour analysis will help banks target those customers connecting to the bank through various channels and offer them relevant services, discounts and promotional offers to improve the overall customer engagement.
24th August 2016
Gift City of Gandhinagar has all the infrastructure ready for companies and banks to come and set up specialized business units in the city. Falling in line are banks like Indusind who have set up their exclusive international banking units there. The branch is specially focused at meeting requirements of offshore banking from India.
The international unit is aimed at offering offshore products to clients and helps address the growing demands of overseas customers for such innovative services. There are another 5 banks that have opened up international business units in the city. These are Yes Bank, Federal Bank, IDBI Bank, Kotak Mahindra and ICICI. Due to these banks, GIFT City has seen business crossing $475 Million Dollars.
12th July 2016
IndusInd Bank (endorsed by The Hinduja Group) has entered into partnership with PayU to initiate all its regular banking products and services online for their customers. The bank has been developing digital banking solutions diligently that will operate across social and commercial portals. It functions just like net banking system (with IFSC Code) offered by almost every bank. IndusInd bank also aims to introduce co-branded digital customer banking services in the coming six months and utilize PayU’s features namely One-Tap, express checkout etc. IndusInd Bank inaugurated a fresh payment system known as Quickpay where users could easily transfer funds to beneficiaries via email and SMS. They can also send cash to another by duly filling a form with the recipient’s mobile number or email ID provided to the bank. It is expected that the bank’s new wallet will soon be a huge success.
2nd February 2016
The new branch of IndusInd Bank has been opened in Indore, Madhya Pradesh. Indore is the capital district for business and trading in Madhya Pradesh. Including this latest addition, IndusInd Bank has a total of 51 branches in the State, out of which 3 are located in Indore. The operational strategy of the Bank is to open more branches in the coming financial year. IndusInd Bank has been performing really well during the current financial year. Those who wish to transfer funds to the new branch of IndusInd Bank, can find the IFSC codes on the Bank’s website or on the RBI website.
28th December 2015
A new branch of the IndusInd bank was inaugurated in the capital city of Tamil Nadu. With this branch, the total strength of the bank in Chennai currently stands at 16. This branch is located in Royapettah which is in the central part of the city. This new branch of IndusInd Bank takes the number of branches in the state of Tamil Nadu to 41. IndusInd bank, in the foreseeable future, plans to increase the number of branches thereby strengthening their presence and reach in the rest of Tamil Nadu. IndusInd Bank, headquartered in Mumbai, offers various services that are transactional, commercial along with quick and easy fund transfers through IFSC codes.
10th December 2015
A major ‘Sanitation Program’ was inaugurated by IndusInd Bank in the districts of Kolhapur in Maharashtra. Toilets used by children in municipal schools were reconstructed and renovated in the districts of Karveer, Hatkangale, Radhanagari, Panhala, Kagal and Gadhinglaj which are all part of an area that do not have access to banks or other financial organizations.
This project was inaugurated by Avinash Subhedar, CEO, Zilla Parishad who was the guest of honour, Adwait Hebbar, Head, Corporate services, IndusInd bank and Sudhin Mathew, Head, Corporate social responsibility, IndusInd Bank who were the chief guests amidst the local administration of the school and the district of Kolhapur, Maharashtra. Mr. Paul Abraham, COO, IndusInd Bank was also present at the event.
Through the ‘Swachh Vidyalaya Mission’, 31 toilets have been constructed in 19 schools present in Kolhapur by IndusInd Bank. This initiative has been greeted with support and enthusiasm by the community and local administration. IndusInd Bank, headquartered in Mumbai, provides various services such as online banking, commercial banking and easy fund transfers through IFSC codes.
24th November 2015
IndusInd Bank, one of the most prominent new generation banks in the country, has launched a new service called ‘QuickPay’ through which the customers of the bank can instantly send money to business parties or/ and their personal accounts through short message service (SMS), social media and email. In order to transfer money with the QuickPay service, the customers will not need to provide bank account details of the beneficiary. Instead, the customers will only need to provide the email ID or the mobile number of the recipient and they will able to send money by accessing the online banking portal of IndusInd Bank. This will make it very convenient for the customers to send money as they will no longer need to know the bank account details of the recipients.
Through this service, the customers can also send electronic gift cards to anyone from anywhere and at anytime. When the customers use the QuickPay service, they receive a ‘Quick code’, which is also shared with the recipient. The QuickPay service is powered by the Immediate Payment Service (IMPS) from NCPI. IMPS is an IFSC Code enabled service which can help people transfer funds instantly and is available round the clock.
16th July 2015
