Use this page as a one-stop reference for everything related to Indusind Bank's PHASE XI, MOHALI branch in SAS NAGAR,MOHALI, PUNJAB. The branch's IFSC code INDB0000432 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 – PHASE XI, MOHALI is INDB0000432. The first four letters INDB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000432 map to this branch in SAS NAGAR,MOHALI, PUNJAB.
About Indusind Bank
Indusind Bank operates a wide network of branches across India, including the Phase Xi, Mohali branch in Sas Nagar,Mohali. 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, INDB0000432.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Phase Xi, Mohali |
| IFSC Code | INDB0000432 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BASEMENT & GROUND FLOOR, SCF NO. 36, PHASE XI, MOHALI 160062 (PUNJAB) |
| City | Sas Nagar,Mohali |
| District | Rupnagar |
| State | Punjab |
About this branch
The branch is located at BASEMENT & GROUND FLOOR, SCF NO. 36, PHASE XI, MOHALI 160062 (PUNJAB). It serves the Sas Nagar,Mohali 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 INDB0000432 is used to identify this branch on the RBI payments network.
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 PHASE XI, MOHALI branch came to be assigned the code INDB0000432.
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 INDB0000432, money simply cannot be routed to the PHASE XI, MOHALI branch electronically.
Products and account variants supported
Every account opened at the Phase Xi, Mohali branch is mapped to IFSC INDB0000432 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 INDB0000432.
Banking services available
The Phase Xi, Mohali branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- 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 INDB0000432
How to transfer money using IFSC INDB0000432
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 INDB0000432 across all three.
How to use IFSC INDB0000432 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's PHASE XI, 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 INDB0000432.
- Confirm the bank name auto-populates as Indusind Bank and the branch as PHASE XI, 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 INDB0000432
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 – PHASE XI, MOHALI, ensure your bank's portal accepts IFSC INDB0000432 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indusind Bank – PHASE XI, MOHALI, use IMPS. With IFSC INDB0000432 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 INDB0000432 for Indusind Bank – PHASE XI, 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 – INDB0000432 | Yes – INDB0000432 | Yes – INDB0000432 |
For most retail customers crediting the Phase Xi, 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.
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 PHASE XI, MOHALI branch, the IFSC INDB0000432 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.
Online banking and IFSC INDB0000432
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the PHASE XI, MOHALI 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 INDB0000432 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 Phase Xi, Mohali branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC INDB0000432 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – PHASE XI, MOHALI:
- The IFSC is exactly INDB0000432 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 PHASE XI, 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.
Reaching the branch
The Phase Xi, Mohali branch sits at BASEMENT & GROUND FLOOR, SCF NO. 36, PHASE XI, MOHALI 160062 (PUNJAB). If you are travelling from outside Sas Nagar,Mohali, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 INDB0000432 and your account number.
Verifying IFSC INDB0000432 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 INDB0000432 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.
Working hours
Branch counters at Phase Xi, Mohali 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 INDB0000432 continue to work without interruption.
Branch address & contact
Indusind BankPhase Xi, Mohali Branch
BASEMENT & GROUND FLOOR, SCF NO. 36, PHASE XI, MOHALI 160062 (PUNJAB)
Sas Nagar,Mohali, Punjab
Phone: the branch contact number
IFSC: INDB0000432
Frequently asked questions
What is the IFSC code of Indusind Bank Phase Xi, Mohali branch?
The IFSC code of Indusind Bank, Phase Xi, Mohali branch is INDB0000432. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Indusind Bank Phase Xi, Mohali as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0000432, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC INDB0000432 valid for NEFT and RTGS?
Yes. IFSC INDB0000432 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC INDB0000432 the same for all accounts at Phase Xi, Mohali branch?
Yes. The IFSC INDB0000432 is shared by every account held at Indusind Bank's Phase Xi, Mohali branch. Only the account number changes from customer to customer.
Can I use IFSC INDB0000432 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0000432 to send funds instantly.
Does Indusind Bank Phase Xi, Mohali branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
What is the phone number of Indusind Bank Phase Xi, Mohali branch?
You can reach the branch at the branch contact number during regular banking hours.
Final notes
To recap: INDB0000432 is the IFSC code of Indusind Bank, PHASE XI, MOHALI branch, in SAS NAGAR,MOHALI, PUNJAB. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
