Use this page as a one-stop reference for everything related to Indusind Bank's LOWER PAREL ,WEST, MUMBAI branch in MUMBAI, MAHARASHTRA. The branch's IFSC code INDB0000341 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 – LOWER PAREL ,WEST, MUMBAI is INDB0000341. The first four letters INDB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000341 map to this branch in MUMBAI, MAHARASHTRA.
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Lower Parel ,West, Mumbai branch in Mumbai, Maharashtra is part of this network and uses the IFSC code INDB0000341 for all electronic settlement.
About this branch
The branch is located at GROUND FLOOR, RAGHUVANSHI MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI 400 013. It serves the Mumbai 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 INDB0000341 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Lower Parel ,West, Mumbai |
| IFSC Code | INDB0000341 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, RAGHUVANSHI MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI 400 013 |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
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 LOWER PAREL ,WEST, MUMBAI branch came to be assigned the code INDB0000341.
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 INDB0000341, money simply cannot be routed to the LOWER PAREL ,WEST, MUMBAI branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Lower Parel ,West, Mumbai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0000341 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 INDB0000341
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 INDB0000341 across all three.
How to use IFSC INDB0000341 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's LOWER PAREL ,WEST, MUMBAI 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 INDB0000341.
- Confirm the bank name auto-populates as Indusind Bank and the branch as LOWER PAREL ,WEST, MUMBAI.
- 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 LOWER PAREL ,WEST, MUMBAI
If you need to transfer ₹2 lakh or more in one go to an account at Indusind Bank's LOWER PAREL ,WEST, MUMBAI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC INDB0000341 while initiating the transfer and the credit will appear within minutes.
IMPS to Indusind Bank LOWER PAREL ,WEST, MUMBAI (IFSC INDB0000341)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0000341 in your mobile or internet banking app, and the money is credited to the LOWER PAREL ,WEST, MUMBAI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0000341 for Indusind Bank – LOWER PAREL ,WEST, MUMBAI, 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 – INDB0000341 | Yes – INDB0000341 | Yes – INDB0000341 |
For most retail customers crediting the Lower Parel ,West, Mumbai 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 LOWER PAREL ,WEST, MUMBAI branch, the IFSC INDB0000341 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 Lower Parel ,West, Mumbai branch is mapped to IFSC INDB0000341 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 INDB0000341.
Products and services
Customers walking into the Lower Parel ,West, Mumbai 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 INDB0000341
Online banking and IFSC INDB0000341
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the LOWER PAREL ,WEST, MUMBAI 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 INDB0000341 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.
How to reach the Lower Parel ,West, Mumbai branch
The branch is located at GROUND FLOOR, RAGHUVANSHI MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI 400 013, which puts it inside Mumbai, the broader Greater Bombay district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Lower Parel ,West, Mumbai branch” — the verified location pin for IFSC INDB0000341 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number 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 INDB0000341 and your account number.
Common mistakes to avoid when using IFSC INDB0000341
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 – LOWER PAREL ,WEST, MUMBAI, 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:
INDB0000341. - 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 Lower Parel ,West, Mumbai 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 INDB0000341 continue to work without interruption.
Verifying IFSC INDB0000341 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 INDB0000341 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Branch address & contact
Indusind BankLower Parel ,West, Mumbai Branch
GROUND FLOOR, RAGHUVANSHI MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI 400 013
Mumbai, Maharashtra
Phone: the branch contact number
IFSC: INDB0000341
Frequently asked questions
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 Lower Parel ,West, Mumbai branch but serve different purposes.
Can I use IFSC INDB0000341 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0000341 to send funds instantly.
How quickly will an NEFT transfer using INDB0000341 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Lower Parel ,West, Mumbai reflect within 30 minutes.
How do I add Indusind Bank Lower Parel ,West, Mumbai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0000341, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC INDB0000341 the same for all accounts at Lower Parel ,West, Mumbai branch?
Yes. The IFSC INDB0000341 is shared by every account held at Indusind Bank's Lower Parel ,West, Mumbai branch. Only the account number changes from customer to customer.
What is the phone number of Indusind Bank Lower Parel ,West, Mumbai branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC INDB0000341 valid for NEFT and RTGS?
Yes. IFSC INDB0000341 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code INDB0000341 belongs to Indusind Bank's LOWER PAREL ,WEST, MUMBAI branch, located at GROUND FLOOR, RAGHUVANSHI MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL… in MUMBAI, MAHARASHTRA. 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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