If you are searching for the IFSC code of Indusind Bank, PALUS branch in SANGLI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is INDB0002331. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the PALUS branch, and detailed step-by-step guides for using the IFSC INDB0002331 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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, INDB0002331 is the IFSC of Indusind Bank's PALUS branch. The format is fixed: INDB = bank code, 0 = reserved, 002331 = branch identifier.
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Palus branch in Sangli, Maharashtra is part of this network and uses the IFSC code INDB0002331 for all electronic settlement.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Palus |
| IFSC Code | INDB0002331 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI |
| City | Sangli |
| District | Sangli |
| State | Maharashtra |
| STD Code | 2346 |
| Phone | 299269 |
About this branch
The branch is located at GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI. It serves the Sangli 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 INDB0002331 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 PALUS of Indusind Bank — its own 11-character IFSC. The code INDB0002331 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 INDB0002331 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 Palus branch is mapped to IFSC INDB0002331 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 INDB0002331.
Banking services available
The Palus branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2346-299269.
- 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 INDB0002331
How to transfer money using IFSC INDB0002331
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 INDB0002331 across all three.
NEFT to Indusind Bank, PALUS using IFSC INDB0002331
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 INDB0002331, and confirm that the system picks up Indusind Bank – PALUS. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC INDB0002331
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 – PALUS, ensure your bank's portal accepts IFSC INDB0002331 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank PALUS (IFSC INDB0002331)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0002331 in your mobile or internet banking app, and the money is credited to the PALUS branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC INDB0002331 for Indusind Bank – PALUS, 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 – INDB0002331 | Yes – INDB0002331 | Yes – INDB0002331 |
For most retail customers crediting the Palus 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 INDB0002331
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 – PALUS is still mapped to IFSC INDB0002331. 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 INDB0002331 and the beneficiary's account number to complete the transfer.
Online banking and IFSC INDB0002331
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the PALUS 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 INDB0002331 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.
MICR & cheque-truncation details
Cheques drawn on the Palus branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0002331 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 INDB0002331
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 – PALUS, 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:
INDB0002331. - 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 Palus branch
The branch is located at GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI, which puts it inside Sangli, the broader Sangli district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Palus branch” — the verified location pin for IFSC INDB0002331 should appear at the top of the results.
- Confirm the branch is open by calling 2346-299269 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 INDB0002331 and your account number.
Verifying IFSC INDB0002331 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 INDB0002331 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2346-299269.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Palus 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 INDB0002331 continue to work without interruption.
Branch address & contact
Indusind BankPalus Branch
GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI
Sangli, Maharashtra
Phone: 2346-299269
IFSC: INDB0002331
Frequently asked questions
Is IFSC INDB0002331 the same for all accounts at Palus branch?
Yes. The IFSC INDB0002331 is shared by every account held at Indusind Bank's Palus branch. Only the account number changes from customer to customer.
What is the phone number of Indusind Bank Palus branch?
You can reach the branch at 2346-299269 during regular banking hours.
What is the IFSC code of Indusind Bank Palus branch?
The IFSC code of Indusind Bank, Palus branch is INDB0002331. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Indusind Bank Palus branch located?
Indusind Bank's Palus branch is located at GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI, Sangli, Maharashtra.
Is IFSC INDB0002331 valid for NEFT and RTGS?
Yes. IFSC INDB0002331 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Palus branch but serve different purposes.
How quickly will an NEFT transfer using INDB0002331 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Palus reflect within 30 minutes.
Summary
The IFSC code INDB0002331 belongs to Indusind Bank's PALUS branch, located at GROUND FLOOR SONA MANDIR NEAR OLD ST STAND KARAD TASGAON ROAD SANGLI in SANGLI, 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.
