There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Indusind Bank for its Peddar Road, Mumbai branch in Greater Bombay, Mumbai, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Indusind Bank situated in Greater Bombay or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code INDB0000353. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Indusind Bank, Peddar Road, Mumbai, Greater Bombay
Here are the main details that are associated with the IFSC Code INDB0000353 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 | INDB0000353 |
| Branch | Peddar Road, Mumbai |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor,Vikas, Vaibhav Chs, 31, Dr. Gopal Rao Deshmukh Marg, Peddar Road, Mumbai- 400 026 |
These details helps users in online banking and for businesses and individuals who use Indusind Bank in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code INDB0000353 for the Peddar Road, Mumbai branch of Indusind Bank plays a vital role.
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 Peddar Road, Mumbai, Greater Bombay, Maharashtra, are allotted a unique IFSC like INDB0000353 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 Peddar Road, Mumbai reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code INDB0000353
The format of the IFSC Code for banks, including Indusind Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Indusind Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Peddar Road, Mumbai in Greater Bombay.
For example, the IFSC Code INDB0000353 of Indusind Bank for the Peddar Road, Mumbai branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.
How to Find IFSC Code for Indusind Bank?
If you are trying to find the IFSC Code INDB0000353 of Indusind Bank for its Peddar Road, 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 Peddar Road, Mumbai or Greater Bombay to get the exact IFSC Code INDB0000353.
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 INDB0000353 for Online Transfers?
If you have the IFSC Code INDB0000353 for the Peddar Road, Mumbai branch of Indusind Bank in Greater Bombay, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code INDB0000353. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Indusind Bank IFSC Code INDB0000353.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Indusind Bank Peddar Road, Mumbai in Greater Bombay, it may result in delayed or failed transactions.
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 Peddar Road, Mumbai, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Peddar Road, Mumbai Greater Bombay branch is INDB0000353.
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,Vikas, Vaibhav Chs, 31, Dr. Gopal Rao Deshmukh Marg, Peddar Road, Mumbai- 400 026.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.