Use this page as a one-stop reference for everything related to Indusind Bank's SCHEME NO SEVENTY EIGHT INDORE branch in INDORE, MADHYA PRADESH. The branch's IFSC code INDB0001626 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indusind Bank – SCHEME NO SEVENTY EIGHT INDORE is INDB0001626. The first four letters INDB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001626 map to this branch in INDORE, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Scheme No Seventy Eight Indore |
| IFSC Code | INDB0001626 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SCH NO 78 INDUSIND BANK LTD GROUND FLOOR PLOT NO 60 SLICE NO 1 SECTOR B INDORE MP 452010 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 731 |
| Phone | 7319179427 |
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Scheme No Seventy Eight Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code INDB0001626 for all electronic settlement.
About this branch
The branch is located at SCH NO 78 INDUSIND BANK LTD GROUND FLOOR PLOT NO 60 SLICE NO 1 SECTOR B INDORE MP 452010. It serves the Indore 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 INDB0001626 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 SCHEME NO SEVENTY EIGHT INDORE branch came to be assigned the code INDB0001626.
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 INDB0001626, money simply cannot be routed to the SCHEME NO SEVENTY EIGHT INDORE branch electronically.
How to transfer money using IFSC INDB0001626
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 INDB0001626 across all three.
NEFT to Indusind Bank, SCHEME NO SEVENTY EIGHT INDORE using IFSC INDB0001626
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC INDB0001626, and confirm that the system picks up Indusind Bank – SCHEME NO SEVENTY EIGHT INDORE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC INDB0001626
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indusind Bank – SCHEME NO SEVENTY EIGHT INDORE, ensure your bank's portal accepts IFSC INDB0001626 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank SCHEME NO SEVENTY EIGHT INDORE (IFSC INDB0001626)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0001626 in your mobile or internet banking app, and the money is credited to the SCHEME NO SEVENTY EIGHT INDORE branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Scheme No Seventy Eight Indore
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC INDB0001626:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at SCHEME NO SEVENTY EIGHT INDORE is still linked to IFSC INDB0001626.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 SCHEME NO SEVENTY EIGHT INDORE branch, the IFSC INDB0001626 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.
Products and account variants supported
Every account opened at the Scheme No Seventy Eight Indore branch is mapped to IFSC INDB0001626 on the RBI payments network. The branch generally supports the full retail product catalogue of Indusind Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains INDB0001626.
Products and services
Customers walking into the Scheme No Seventy Eight Indore 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 INDB0001626
MICR & cheque-truncation details
Cheques drawn on the Scheme No Seventy Eight Indore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0001626 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Scheme No Seventy Eight Indore branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC INDB0001626 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Common mistakes to avoid when using IFSC INDB0001626
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 – SCHEME NO SEVENTY EIGHT INDORE, 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:
INDB0001626. - 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.
Reaching the branch
The Scheme No Seventy Eight Indore branch sits at SCH NO 78 INDUSIND BANK LTD GROUND FLOOR PLOT NO 60 SLICE NO 1 SECTOR B INDORE MP 452010. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-7319179427 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC INDB0001626 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC INDB0001626 for Indusind Bank – SCHEME NO SEVENTY EIGHT INDORE, 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.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Scheme No Seventy Eight Indore branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC INDB0001626, however, work 24x7.
Branch address & contact
Indusind BankScheme No Seventy Eight Indore Branch
SCH NO 78 INDUSIND BANK LTD GROUND FLOOR PLOT NO 60 SLICE NO 1 SECTOR B INDORE MP 452010
Indore, Madhya Pradesh
Phone: 731-7319179427
IFSC: INDB0001626
Frequently asked questions
Is IFSC INDB0001626 the same for all accounts at Scheme No Seventy Eight Indore branch?
Yes. The IFSC INDB0001626 is shared by every account held at Indusind Bank's Scheme No Seventy Eight Indore branch. Only the account number changes from customer to customer.
How do I add Indusind Bank Scheme No Seventy Eight Indore as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0001626, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC INDB0001626 valid for NEFT and RTGS?
Yes. IFSC INDB0001626 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indusind Bank Scheme No Seventy Eight Indore branch?
You can reach the branch at 731-7319179427 during regular banking hours.
How quickly will an NEFT transfer using INDB0001626 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Scheme No Seventy Eight Indore reflect within 30 minutes.
What is the IFSC code of Indusind Bank Scheme No Seventy Eight Indore branch?
The IFSC code of Indusind Bank, Scheme No Seventy Eight Indore branch is INDB0001626. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Scheme No Seventy Eight Indore branch but serve different purposes.
Summary
The IFSC code INDB0001626 belongs to Indusind Bank's SCHEME NO SEVENTY EIGHT INDORE branch, located at SCH NO 78 INDUSIND BANK LTD GROUND FLOOR PLOT NO 60 SLICE NO 1 SECTOR B INDORE… in INDORE, MADHYA PRADESH. 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.
