IFSC Code of Indusind Bank, Paper Mills Road, Perumbur, Chennai Branch, Tamil Nadu

Below are the complete branch details for Indusind Bank, PAPER MILLS ROAD, PERUMBUR, CHENNAI branch, located in CHENNAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is INDB0001950. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case INDB0001950 for Indusind Bank – PAPER MILLS ROAD, PERUMBUR, CHENNAI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch, the IFSC INDB0001950 breaks down as follows: INDB identifies the bank, 0 is the reserved character, and 001950 identifies this particular branch.

About Indusind Bank

Indusind Bank operates a wide network of branches across India, including the Paper Mills Road, Perumbur, Chennai branch in Chennai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, INDB0001950.

Branch details at a glance

About this branch

The branch is located at OLD NO 234/1,NEW 198,PAPER MILLS ROAD,PERAMBUR,CHENNAI. It serves the Chennai region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Indusind Bank. The IFSC INDB0001950 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch came to be assigned the code INDB0001950.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC INDB0001950, money simply cannot be routed to the PAPER MILLS ROAD, PERUMBUR, CHENNAI branch electronically.

Account types you can open at the Paper Mills Road, Perumbur, Chennai branch

Once you have an account at Indusind Bank – PAPER MILLS ROAD, PERUMBUR, CHENNAI, the IFSC INDB0001950 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Paper Mills Road, Perumbur, Chennai branch can access most of Indusind Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC INDB0001950

How to transfer money using IFSC INDB0001950

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC INDB0001950 across all three.

How to use IFSC INDB0001950 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC INDB0001950.
4. Confirm the bank name auto-populates as Indusind Bank and the branch as PAPER MILLS ROAD, PERUMBUR, CHENNAI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to PAPER MILLS ROAD, PERUMBUR, CHENNAI

If you need to transfer ₹2 lakh or more in one go to an account at Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC INDB0001950 while initiating the transfer and the credit will appear within minutes.

IMPS to Indusind Bank PAPER MILLS ROAD, PERUMBUR, CHENNAI (IFSC INDB0001950)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0001950 in your mobile or internet banking app, and the money is credited to the PAPER MILLS ROAD, PERUMBUR, CHENNAI branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC INDB0001950 for Indusind Bank – PAPER MILLS ROAD, PERUMBUR, CHENNAI, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Paper Mills Road, Perumbur, Chennai branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch, the IFSC INDB0001950 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Online banking and IFSC INDB0001950

Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the PAPER MILLS ROAD, PERUMBUR, CHENNAI branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC INDB0001950 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

MICR & cheque-truncation details

Cheques drawn on the Paper Mills Road, Perumbur, Chennai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0001950 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Common mistakes to avoid when using IFSC INDB0001950

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indusind Bank – PAPER MILLS ROAD, PERUMBUR, CHENNAI, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: INDB0001950.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

How to reach the Paper Mills Road, Perumbur, Chennai branch

The branch is located at OLD NO 234/1,NEW 198,PAPER MILLS ROAD,PERAMBUR,CHENNAI, which puts it inside Chennai, the broader Chennai district, and the state of Tamil Nadu. To plan your visit:

1. Open Google Maps on your phone and search for “Indusind Bank Paper Mills Road, Perumbur, Chennai branch” — the verified location pin for IFSC INDB0001950 should appear at the top of the results.
2. Confirm the branch is open by calling 44-4448073669 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC INDB0001950 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC INDB0001950 for Indusind Bank – PAPER MILLS ROAD, PERUMBUR, CHENNAI, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Paper Mills Road, Perumbur, Chennai are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to INDB0001950 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code INDB0001950 belongs to Indusind Bank's PAPER MILLS ROAD, PERUMBUR, CHENNAI branch, located at OLD NO 234/1,NEW 198,PAPER MILLS ROAD,PERAMBUR,CHENNAI in CHENNAI, TAMIL NADU. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.