Use this page as a one-stop reference for everything related to Indusind Bank's RATLAM branch in RATLAM, MADHYA PRADESH. The branch's IFSC code INDB0000947 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 – RATLAM is INDB0000947. The first four letters INDB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000947 map to this branch in RATLAM, MADHYA PRADESH.
About Indusind Bank
Indusind Bank operates a wide network of branches across India, including the Ratlam branch in Ratlam. 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, INDB0000947.
About this branch
The branch is located at GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM 457001 MADHYA PRADESH. It serves the Ratlam 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 INDB0000947 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Ratlam |
| IFSC Code | INDB0000947 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM 457001 MADHYA PRADESH |
| City | Ratlam |
| District | Ratlam |
| State | Madhya Pradesh |
| STD Code | 7412 |
| Phone | 230112 |
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 RATLAM branch came to be assigned the code INDB0000947.
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 INDB0000947, money simply cannot be routed to the RATLAM branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Ratlam branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0000947 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 INDB0000947
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 INDB0000947 across all three.
NEFT to Indusind Bank, RATLAM using IFSC INDB0000947
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC INDB0000947, and confirm that the system picks up Indusind Bank – RATLAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RATLAM
If you need to transfer ₹2 lakh or more in one go to an account at Indusind Bank's RATLAM branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC INDB0000947 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 – RATLAM, use IMPS. With IFSC INDB0000947 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 INDB0000947 for Indusind Bank – RATLAM, 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 – INDB0000947 | Yes – INDB0000947 | Yes – INDB0000947 |
For most retail customers crediting the Ratlam 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 RATLAM branch, the IFSC INDB0000947 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 Ratlam branch is mapped to IFSC INDB0000947 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 INDB0000947.
Products and services
Customers walking into the Ratlam 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 INDB0000947
Online banking and IFSC INDB0000947
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the RATLAM 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 INDB0000947 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 Ratlam branch sits at GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM 457001 MADHYA PRADESH. If you are travelling from outside Ratlam, search for the branch on a maps application using the bank name and locality, or call 7412-230112 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 INDB0000947 and your account number.
Common mistakes to avoid when using IFSC INDB0000947
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 – RATLAM, 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:
INDB0000947. - 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 Ratlam 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 INDB0000947 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC INDB0000947 for Indusind Bank – RATLAM, 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 address & contact
Indusind BankRatlam Branch
GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM 457001 MADHYA PRADESH
Ratlam, Madhya Pradesh
Phone: 7412-230112
IFSC: INDB0000947
Frequently asked questions
What is the IFSC code of Indusind Bank Ratlam branch?
The IFSC code of Indusind Bank, Ratlam branch is INDB0000947. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using INDB0000947 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Ratlam reflect within 30 minutes.
Is IFSC INDB0000947 valid for NEFT and RTGS?
Yes. IFSC INDB0000947 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indusind Bank Ratlam as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0000947, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indusind Bank Ratlam branch?
You can reach the branch at 7412-230112 during regular banking hours.
Where is Indusind Bank Ratlam branch located?
Indusind Bank's Ratlam branch is located at GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM 457001 MADHYA PRADESH, Ratlam, Madhya Pradesh.
Is IFSC INDB0000947 the same for all accounts at Ratlam branch?
Yes. The IFSC INDB0000947 is shared by every account held at Indusind Bank's Ratlam branch. Only the account number changes from customer to customer.
Can I use IFSC INDB0000947 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0000947 to send funds instantly.
Summary
The IFSC code INDB0000947 belongs to Indusind Bank's RATLAM branch, located at GRD FLR SATELLITE PLOT NO 71 NEAR UJJALA HOTEL MG ROAD STATION ROAD RATLAM… in RATLAM, MADHYA PRADESH. 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.
