Use this page as a one-stop reference for everything related to Indusind Bank's MAKHMALABAD branch in NASHIK, MAHARASHTRA. The branch's IFSC code INDB0001996 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, INDB0001996 is the IFSC of Indusind Bank's MAKHMALABAD branch. The format is fixed: INDB = bank code, 0 = reserved, 001996 = branch identifier.
Bank profile
Indusind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Makhmalabad branch — IFSC INDB0001996 — extends the bank's services to customers in and around Nashik, Maharashtra.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Makhmalabad |
| IFSC Code | INDB0001996 |
| MICR Code | Refer to cheque leaf |
| Branch Address | ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK MAHARASHTRA |
| City | Nashik |
| District | Nashik |
| State | Maharashtra |
| STD Code | 253 |
| Phone | 2534277 |
About this branch
The branch is located at ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK MAHARASHTRA. It serves the Nashik 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 INDB0001996 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 MAKHMALABAD of Indusind Bank — its own 11-character IFSC. The code INDB0001996 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 INDB0001996 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Makhmalabad branch is mapped to IFSC INDB0001996 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 INDB0001996.
Products and services
Customers walking into the Makhmalabad 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 INDB0001996
How to transfer money using IFSC INDB0001996
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 INDB0001996 across all three.
How to use IFSC INDB0001996 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's MAKHMALABAD 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 INDB0001996.
- Confirm the bank name auto-populates as Indusind Bank and the branch as MAKHMALABAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC INDB0001996
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 – MAKHMALABAD, ensure your bank's portal accepts IFSC INDB0001996 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank MAKHMALABAD (IFSC INDB0001996)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0001996 in your mobile or internet banking app, and the money is credited to the MAKHMALABAD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0001996 for Indusind Bank – MAKHMALABAD, 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 – INDB0001996 | Yes – INDB0001996 | Yes – INDB0001996 |
For most retail customers crediting the Makhmalabad 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 INDB0001996
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 – MAKHMALABAD is still mapped to IFSC INDB0001996. 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 INDB0001996 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Makhmalabad 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 INDB0001996 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.
MICR & cheque-truncation details
Cheques drawn on the Makhmalabad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0001996 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC INDB0001996
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 – MAKHMALABAD, 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:
INDB0001996. - 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.
Reaching the branch
The Makhmalabad branch sits at ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK MAHARASHTRA. If you are travelling from outside Nashik, search for the branch on a maps application using the bank name and locality, or call 253-2534277 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 INDB0001996 and your account number.
Verifying IFSC INDB0001996 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 INDB0001996 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 253-2534277.
- Visiting the bank's official branch locator page.
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 Makhmalabad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC INDB0001996, however, work 24x7.
Branch address & contact
Indusind BankMakhmalabad Branch
ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK MAHARASHTRA
Nashik, Maharashtra
Phone: 253-2534277
IFSC: INDB0001996
Frequently asked questions
What is the phone number of Indusind Bank Makhmalabad branch?
You can reach the branch at 253-2534277 during regular banking hours.
Can I use IFSC INDB0001996 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0001996 to send funds instantly.
How do I add Indusind Bank Makhmalabad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0001996, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indusind Bank Makhmalabad branch located?
Indusind Bank's Makhmalabad branch is located at ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK MAHARASHTRA, Nashik, Maharashtra.
Is IFSC INDB0001996 valid for NEFT and RTGS?
Yes. IFSC INDB0001996 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using INDB0001996 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Makhmalabad reflect within 30 minutes.
Summary
The IFSC code INDB0001996 belongs to Indusind Bank's MAKHMALABAD branch, located at ROONGTHA SHOPPING CENTER CTS NO 428 1 PLOT NO 02 MAKHMALABAD TAL & DIST NASHIK… in NASHIK, 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.
