This page lists the IFSC code, branch address, contact number and fund-transfer information for Indusind Bank, GOOD SHED STREET branch in MADURAI. The 11-digit IFSC INDB0001591 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indusind Bank at the GOOD SHED STREET location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, INDB0001591 is the IFSC of Indusind Bank's GOOD SHED STREET branch. The format is fixed: INDB = bank code, 0 = reserved, 001591 = branch identifier.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Good Shed Street |
| IFSC Code | INDB0001591 |
| MICR Code | Refer to cheque leaf |
| Branch Address | INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET MADURAI 625001 |
| City | Madurai |
| District | Madurai |
| State | Tamil Nadu |
| STD Code | 452 |
| Phone | 4524353469 |
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Good Shed Street branch in Madurai, Tamil Nadu is part of this network and uses the IFSC code INDB0001591 for all electronic settlement.
About this branch
The branch is located at INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET MADURAI 625001. It serves the Madurai 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 INDB0001591 is used to identify this branch on the RBI payments network.
Why every Indusind Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including GOOD SHED STREET of Indusind Bank — its own 11-character IFSC. The code INDB0001591 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC INDB0001591 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC INDB0001591
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 INDB0001591 across all three.
How to use IFSC INDB0001591 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's GOOD SHED STREET 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC INDB0001591.
- Confirm the bank name auto-populates as Indusind Bank and the branch as GOOD SHED STREET.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC INDB0001591
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 – GOOD SHED STREET, ensure your bank's portal accepts IFSC INDB0001591 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank GOOD SHED STREET (IFSC INDB0001591)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0001591 in your mobile or internet banking app, and the money is credited to the GOOD SHED STREET branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0001591 for Indusind Bank – GOOD SHED STREET, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – INDB0001591 | Yes – INDB0001591 | Yes – INDB0001591 |
For most retail customers crediting the Good Shed Street 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 GOOD SHED STREET branch, the IFSC INDB0001591 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 Good Shed Street branch is mapped to IFSC INDB0001591 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 INDB0001591.
Products and services
Customers walking into the Good Shed Street 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 INDB0001591
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indusind Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC INDB0001591 and the account number together uniquely identify the Good Shed Street branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Good Shed Street 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 INDB0001591 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.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Indusind Bank – GOOD SHED STREET:
- The IFSC is exactly INDB0001591 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Indusind Bank as the bank name and GOOD SHED STREET as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Good Shed Street branch sits at INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET MADURAI 625001. If you are travelling from outside Madurai, search for the branch on a maps application using the bank name and locality, or call 452-4524353469 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 INDB0001591 and your account number.
Verifying IFSC INDB0001591 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm INDB0001591 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 452-4524353469.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Good Shed Street 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 INDB0001591 continue to work without interruption.
Branch address & contact
Indusind BankGood Shed Street Branch
INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET MADURAI 625001
Madurai, Tamil Nadu
Phone: 452-4524353469
IFSC: INDB0001591
Frequently asked questions
Is IFSC INDB0001591 the same for all accounts at Good Shed Street branch?
Yes. The IFSC INDB0001591 is shared by every account held at Indusind Bank's Good Shed Street branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using INDB0001591 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Good Shed Street reflect within 30 minutes.
What is the phone number of Indusind Bank Good Shed Street branch?
You can reach the branch at 452-4524353469 during regular banking hours.
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 Good Shed Street branch but serve different purposes.
What is the IFSC code of Indusind Bank Good Shed Street branch?
The IFSC code of Indusind Bank, Good Shed Street branch is INDB0001591. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Indusind Bank Good Shed Street branch located?
Indusind Bank's Good Shed Street branch is located at INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET MADURAI 625001, Madurai, Tamil Nadu.
Does Indusind Bank Good Shed Street branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 452-4524353469 to confirm.
Summary
The IFSC code INDB0001591 belongs to Indusind Bank's GOOD SHED STREET branch, located at INDUSIND BANK LTD GROUND FLOOR SURIYA TOWER NO 272 AND 273 GOOD SHED STREET… in MADURAI, 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.
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