The IFSC code of Indusind bank will start from INDB0******. IFSC code stands for Indian financial system code. These days we all transfer funds online, buy things online. IFSC code helps in making these transaction smooth and error free. IFSC code is unique for every branch of a bank. So, when a transfer of funds happen online through the money transfer facilities such as NEFT, RTGS and IMPS, IFSC code is required. IFSC code is given to each branch by Reserve Bank of India. You can find the complete list of IFSC codes for all bank branches that are participating into electronic transfer of funds.
How is NEFT different form RTGS? While transferring funds most of us use NEFT facility. NEFT stands for national electronic fund transfer. The full form of RTGS is real time gross settlement. NEFT is the most commonly used way of transferring money. Under this facility the money transfer doesn’t happen instantly. The fund transferhappens in batches on different intervals. NEFT facility is available between 9 am and 7 pm. While in case of RTGS, the fund transfer happens instantly. The money will transfer from one account to another account within 30 minutes. RTGS facility is available between 9 am and 4.30 pm. The minimum amount that you can transfer through RTGS facility is Rs 2 lakh.
About Indusind Bank
Established in 1994, Indusind Bank headquarters in Mumbai. It offers transactional and electronic banking products and financial services. The bank has 745 branches and 1635 ATMs.
