Below are the complete branch details for Indusind Bank, MALEGAON branch, located in MALEGAON, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is INDB0001593. 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 INDB0001593 for Indusind Bank – MALEGAON — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, INDB0001593 is the IFSC of Indusind Bank's MALEGAON branch. The format is fixed: INDB = bank code, 0 = reserved, 001593 = branch identifier.
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Malegaon branch in Malegaon, Maharashtra is part of this network and uses the IFSC code INDB0001593 for all electronic settlement.
About the Malegaon branch
The Malegaon branch of Indusind Bank is situated at GROUND MEZZANINE FLOOR SHOP NO 5 SANTOSH ARCADE NEAR SHIVAJI STATUE OLD AGRA ROAD MALEGAON 423203. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code INDB0001593 is used.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Malegaon |
| IFSC Code | INDB0001593 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND MEZZANINE FLOOR SHOP NO 5 SANTOSH ARCADE NEAR SHIVAJI STATUE OLD AGRA ROAD MALEGAON 423203 |
| City | Malegaon |
| District | Nashik |
| State | Maharashtra |
| STD Code | 2554 |
| Phone | 2554231616 |
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 MALEGAON of Indusind Bank — its own 11-character IFSC. The code INDB0001593 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 INDB0001593 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Malegaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0001593 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC INDB0001593
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 INDB0001593 across all three.
How to use IFSC INDB0001593 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's MALEGAON 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 INDB0001593.
- Confirm the bank name auto-populates as Indusind Bank and the branch as MALEGAON.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC INDB0001593
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 – MALEGAON, ensure your bank's portal accepts IFSC INDB0001593 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank MALEGAON (IFSC INDB0001593)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0001593 in your mobile or internet banking app, and the money is credited to the MALEGAON branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0001593 for Indusind Bank – MALEGAON, 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 – INDB0001593 | Yes – INDB0001593 | Yes – INDB0001593 |
For most retail customers crediting the Malegaon 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.
UPI payments and IFSC INDB0001593
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Indusind Bank – MALEGAON is still mapped to IFSC INDB0001593. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC INDB0001593 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Malegaon branch is mapped to IFSC INDB0001593 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 INDB0001593.
Products and services
Customers walking into the Malegaon 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 INDB0001593
Online banking and IFSC INDB0001593
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the MALEGAON 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 INDB0001593 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.
Reaching the branch
The Malegaon branch sits at GROUND MEZZANINE FLOOR SHOP NO 5 SANTOSH ARCADE NEAR SHIVAJI STATUE OLD AGRA ROAD MALEGAON 423203. If you are travelling from outside Malegaon, search for the branch on a maps application using the bank name and locality, or call 2554-2554231616 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 INDB0001593 and your account number.
Common mistakes to avoid when using IFSC INDB0001593
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 – MALEGAON, 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:
INDB0001593. - 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.
Working hours
Branch counters at Malegaon 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 INDB0001593 continue to work without interruption.
Verifying IFSC INDB0001593 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 INDB0001593 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2554-2554231616.
- Visiting the bank's official branch locator page.
Branch address & contact
Indusind BankMalegaon Branch
GROUND MEZZANINE FLOOR SHOP NO 5 SANTOSH ARCADE NEAR SHIVAJI STATUE OLD AGRA ROAD MALEGAON 423203
Malegaon, Maharashtra
Phone: 2554-2554231616
IFSC: INDB0001593
Frequently asked questions
Can I use IFSC INDB0001593 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0001593 to send funds instantly.
Is IFSC INDB0001593 valid for NEFT and RTGS?
Yes. IFSC INDB0001593 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using INDB0001593 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Malegaon reflect within 30 minutes.
Does Indusind Bank Malegaon branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2554-2554231616 to confirm.
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 Malegaon branch but serve different purposes.
Is IFSC INDB0001593 the same for all accounts at Malegaon branch?
Yes. The IFSC INDB0001593 is shared by every account held at Indusind Bank's Malegaon branch. Only the account number changes from customer to customer.
Where is Indusind Bank Malegaon branch located?
Indusind Bank's Malegaon branch is located at GROUND MEZZANINE FLOOR SHOP NO 5 SANTOSH ARCADE NEAR SHIVAJI STATUE OLD AGRA ROAD MALEGAON 423203, Malegaon, Maharashtra.
Final notes
To recap: INDB0001593 is the IFSC code of Indusind Bank, MALEGAON branch, in MALEGAON, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
