Use this page as a one-stop reference for everything related to Indusind Bank's MANDSAUR branch in MANDSAUR, MADHYA PRADESH. The branch's IFSC code INDB0001824 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.
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, INDB0001824 is the IFSC of Indusind Bank's MANDSAUR branch. The format is fixed: INDB = bank code, 0 = reserved, 001824 = branch identifier.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Mandsaur |
| IFSC Code | INDB0001824 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR PLOT NO 12 TIRUPATI NAGAR STATION ROAD MANDSAUR PIN 458001 MADHYA PRADESH |
| City | Mandsaur |
| District | Mandsaur |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 8921358585 |
About Indusind Bank
Indusind Bank operates a wide network of branches across India, including the Mandsaur branch in Mandsaur. 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, INDB0001824.
About the Mandsaur branch
The Mandsaur branch of Indusind Bank is situated at GROUND FLOOR PLOT NO 12 TIRUPATI NAGAR STATION ROAD MANDSAUR PIN 458001 MADHYA PRADESH. 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 INDB0001824 is used.
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 MANDSAUR branch came to be assigned the code INDB0001824.
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 INDB0001824, money simply cannot be routed to the MANDSAUR branch electronically.
How to transfer money using IFSC INDB0001824
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 INDB0001824 across all three.
How to use IFSC INDB0001824 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's MANDSAUR 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 INDB0001824.
- Confirm the bank name auto-populates as Indusind Bank and the branch as MANDSAUR.
- 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 MANDSAUR
If you need to transfer ₹2 lakh or more in one go to an account at Indusind Bank's MANDSAUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC INDB0001824 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indusind Bank – MANDSAUR, use IMPS. With IFSC INDB0001824 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0001824 for Indusind Bank – MANDSAUR, 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 – INDB0001824 | Yes – INDB0001824 | Yes – INDB0001824 |
For most retail customers crediting the Mandsaur 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 MANDSAUR branch, the IFSC INDB0001824 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 Mandsaur branch is mapped to IFSC INDB0001824 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 INDB0001824.
Banking services available
The Mandsaur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-8921358585.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC INDB0001824
MICR & cheque-truncation details
Cheques drawn on the Mandsaur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0001824 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 Mandsaur 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 INDB0001824 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 INDB0001824
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 – MANDSAUR, 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:
INDB0001824. - 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 Mandsaur branch
The branch is located at GROUND FLOOR PLOT NO 12 TIRUPATI NAGAR STATION ROAD MANDSAUR PIN 458001 MADHYA PRADESH, which puts it inside Mandsaur, the broader Mandsaur district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Mandsaur branch” — the verified location pin for IFSC INDB0001824 should appear at the top of the results.
- Confirm the branch is open by calling 91-8921358585 before stepping out, especially around public holidays.
- 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 INDB0001824 and your account number.
Verifying IFSC INDB0001824 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 INDB0001824 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8921358585.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Mandsaur 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 INDB0001824 continue to work without interruption.
Branch address & contact
Indusind BankMandsaur Branch
GROUND FLOOR PLOT NO 12 TIRUPATI NAGAR STATION ROAD MANDSAUR PIN 458001 MADHYA PRADESH
Mandsaur, Madhya Pradesh
Phone: 91-8921358585
IFSC: INDB0001824
Frequently asked questions
How quickly will an NEFT transfer using INDB0001824 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Mandsaur reflect within 30 minutes.
How do I add Indusind Bank Mandsaur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0001824, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Mandsaur branch but serve different purposes.
Is IFSC INDB0001824 the same for all accounts at Mandsaur branch?
Yes. The IFSC INDB0001824 is shared by every account held at Indusind Bank's Mandsaur branch. Only the account number changes from customer to customer.
Can I use IFSC INDB0001824 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0001824 to send funds instantly.
What is the IFSC code of Indusind Bank Mandsaur branch?
The IFSC code of Indusind Bank, Mandsaur branch is INDB0001824. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC INDB0001824 valid for NEFT and RTGS?
Yes. IFSC INDB0001824 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Indusind Bank Mandsaur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8921358585 to confirm.
Final notes
To recap: INDB0001824 is the IFSC code of Indusind Bank, MANDSAUR branch, in MANDSAUR, MADHYA PRADESH. 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.
