Use this page as a one-stop reference for everything related to Indusind Bank's MOHALI branch in MOHALI, PUNJAB. The branch's IFSC code INDB0002199 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, INDB0002199 is the IFSC of Indusind Bank's MOHALI branch. The format is fixed: INDB = bank code, 0 = reserved, 002199 = branch identifier.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Mohali |
| IFSC Code | INDB0002199 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR BASEMENT CONNAUGHT PLAZA TDI CITY SECTOR MOHALI 140501 PUNJAB |
| City | Mohali |
| District | Mohali |
| State | Punjab |
| STD Code | 172 |
| Phone | 7400027742 |
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mohali branch in Mohali, Punjab is part of this network and uses the IFSC code INDB0002199 for all electronic settlement.
Mohali branch overview
Located at GROUND FLOOR BASEMENT CONNAUGHT PLAZA TDI CITY SECTOR MOHALI 140501 PUNJAB, the Mohali branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC INDB0002199 is required for all interbank electronic transfers routed through this branch.
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 MOHALI branch came to be assigned the code INDB0002199.
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 INDB0002199, money simply cannot be routed to the MOHALI branch electronically.
How to transfer money using IFSC INDB0002199
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 INDB0002199 across all three.
How to use IFSC INDB0002199 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's MOHALI 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 INDB0002199.
- Confirm the bank name auto-populates as Indusind Bank and the branch as MOHALI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC INDB0002199
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 – MOHALI, ensure your bank's portal accepts IFSC INDB0002199 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank MOHALI (IFSC INDB0002199)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0002199 in your mobile or internet banking app, and the money is credited to the MOHALI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0002199 for Indusind Bank – MOHALI, 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 – INDB0002199 | Yes – INDB0002199 | Yes – INDB0002199 |
For most retail customers crediting the Mohali 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 INDB0002199
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 – MOHALI is still mapped to IFSC INDB0002199. 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 INDB0002199 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Mohali branch is mapped to IFSC INDB0002199 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 INDB0002199.
Products and services
Customers walking into the Mohali 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 INDB0002199
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 INDB0002199 and the account number together uniquely identify the Mohali 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 Mohali 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 INDB0002199 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 – MOHALI:
- The IFSC is exactly INDB0002199 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 MOHALI 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.
How to reach the Mohali branch
The branch is located at GROUND FLOOR BASEMENT CONNAUGHT PLAZA TDI CITY SECTOR MOHALI 140501 PUNJAB, which puts it inside Mohali, the broader Mohali district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Mohali branch” — the verified location pin for IFSC INDB0002199 should appear at the top of the results.
- Confirm the branch is open by calling 172-7400027742 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 INDB0002199 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC INDB0002199 for Indusind Bank – MOHALI, 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 Mohali branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC INDB0002199, however, work 24x7.
Branch address & contact
Indusind BankMohali Branch
GROUND FLOOR BASEMENT CONNAUGHT PLAZA TDI CITY SECTOR MOHALI 140501 PUNJAB
Mohali, Punjab
Phone: 172-7400027742
IFSC: INDB0002199
Frequently asked questions
Is IFSC INDB0002199 valid for NEFT and RTGS?
Yes. IFSC INDB0002199 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using INDB0002199 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Mohali reflect within 30 minutes.
Is IFSC INDB0002199 the same for all accounts at Mohali branch?
Yes. The IFSC INDB0002199 is shared by every account held at Indusind Bank's Mohali branch. Only the account number changes from customer to customer.
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 Mohali branch but serve different purposes.
Does Indusind Bank Mohali branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 172-7400027742 to confirm.
What is the phone number of Indusind Bank Mohali branch?
You can reach the branch at 172-7400027742 during regular banking hours.
Summary
The IFSC code INDB0002199 belongs to Indusind Bank's MOHALI branch, located at GROUND FLOOR BASEMENT CONNAUGHT PLAZA TDI CITY SECTOR MOHALI 140501 PUNJAB in MOHALI, PUNJAB. 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.
