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 Kasturba Road Borivali East branch in Mumbai Suburban, Mumbai Suburban, 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 Mumbai Suburban or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code INDB0002202. 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, Kasturba Road Borivali East, Mumbai Suburban
The table below shows the main details of the IFSC Code INDB0002202 for the Indusind Bank branch in Mumbai Suburban, which falls under the Mumbai Suburban district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Indusind Bank |
| IFSC Code | INDB0002202 |
| Branch | Kasturba Road Borivali East |
| City | Mumbai Suburban |
| District | Mumbai Suburban |
| State | Maharashtra |
| Address | Ground Floor Palazzio Kasturba Road Borivali East Mumbai 400066 |
These details are important not only for users using online banking but also for businesses and individuals who use Indusind Bank in Mumbai Suburban for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code INDB0002202 for the Kasturba Road Borivali East 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 Kasturba Road Borivali East, Mumbai Suburban, Maharashtra, are given a unique IFSC like INDB0002202 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai Suburban.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Mumbai Suburban and Mumbai Suburban.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Indusind Bank in Kasturba Road Borivali East goes to the correct branch. This is important because Indusind Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code INDB0002202
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 Kasturba Road Borivali East in Mumbai Suburban.
For example, the IFSC Code INDB0002202 of Indusind Bank for the Kasturba Road Borivali East branch includes these elements, identifying the bank and the branch location in Mumbai Suburban and Maharashtra correctly.
How to Find IFSC Code for Indusind Bank?
If you are trying to find the IFSC Code INDB0002202 of Indusind Bank for its Kasturba Road Borivali East branch located in Mumbai Suburban, the following methods can help:
Cheque Book
The cheque books that are issued by Indusind Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Indusind Bank branches in Mumbai Suburban and Mumbai Suburban, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indusind Bank and find the branch locator section. Search for Kasturba Road Borivali East or Mumbai Suburban to get the exact IFSC Code INDB0002202.
Mobile Banking App
If you use Indusind Bank's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Indusind Bank and Mumbai Suburban that will provide accurate information.
How to Use IFSC Code INDB0002202 for Online Transfers?
Once you have the IFSC Code INDB0002202 for the Kasturba Road Borivali East branch of Indusind Bank in Mumbai Suburban, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code INDB0002202. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Indusind Bank IFSC Code INDB0002202.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indusind Bank Kasturba Road Borivali East in Mumbai Suburban, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indusind Bank in Kasturba Road Borivali East, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Indusind Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Mumbai Suburban manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kasturba Road Borivali East Mumbai Suburban branch is INDB0002202.
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 Palazzio Kasturba Road Borivali East Mumbai 400066.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.