Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Indusind Bank for its Borivali, Mumbai branch in Greater Bombay, Mumbai, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Indusind Bank located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code INDB0000165. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Indusind Bank, Borivali, Mumbai, Greater Bombay
Here are the key points that are associated with the IFSC Code INDB0000165 of Indusind Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Indusind Bank |
| IFSC Code | INDB0000165 |
| Branch | Borivali, Mumbai |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor, Ram Krupa Co-Operative Housing Society Ltd., Near Gokul Hotel, S.V.P. Road, Boriviali (West), Mumbai 400 092 |
These details are important not only for users using online banking but also for businesses and individuals who use Indusind Bank in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code INDB0000165 for the Borivali, Mumbai branch of Indusind Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Indusind Bank located in Borivali, Mumbai, Greater Bombay, Maharashtra, are allotted a unique IFSC like INDB0000165 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Bombay.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Greater Bombay and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indusind Bank in Borivali, Mumbai reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code INDB0000165
The format of the IFSC Code for banks, including Indusind Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Indusind Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Borivali, Mumbai in Greater Bombay.
For example, the IFSC Code INDB0000165 of Indusind Bank for the Borivali, Mumbai branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Indusind Bank?
If you are trying to find the IFSC Code INDB0000165 of Indusind Bank for its Borivali, Mumbai branch located in Greater Bombay, the following methods can help:
Cheque Book
The cheque book issued by Indusind Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Indusind Bank branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Indusind Bank and navigate to the branch locator section. Search for Borivali, Mumbai or Greater Bombay to get the exact IFSC Code INDB0000165.
Mobile Banking App
If you use Indusind Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Indusind Bank and Greater Bombay, you'll get the correct details.
How to Use IFSC Code INDB0000165 for Online Transfers?
Once you have the IFSC Code INDB0000165 for the Borivali, Mumbai branch of Indusind Bank in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code INDB0000165. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Indusind Bank IFSC Code INDB0000165.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indusind Bank Borivali, Mumbai in Greater Bombay, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Indusind Bank in Borivali, Mumbai, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Indusind Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Greater Bombay to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Borivali, Mumbai Greater Bombay branch is INDB0000165.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Ram Krupa Co-Operative Housing Society Ltd., Near Gokul Hotel, S.V.P. Road, Boriviali (West), Mumbai 400 092.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.