This page lists the IFSC code, branch address, contact number and fund-transfer information for Indusind Bank, PAYYANUR branch in TALIPARAMBA. The 11-digit IFSC INDB0002124 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indusind Bank at the PAYYANUR location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 – PAYYANUR is INDB0002124. The first four letters INDB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002124 map to this branch in TALIPARAMBA, KERALA.
About the bank
Indusind Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Payyanur branch in Taliparamba, Kerala is part of this network and uses the IFSC code INDB0002124 for all electronic settlement.
About this branch
The branch is located at GROUND FLOOR SURVEY NO 29 3 NEAR BKM HOSPITAL PAYANNUR DISTRICT KANNUR KERALA 670307. It serves the Taliparamba 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 INDB0002124 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Payyanur |
| IFSC Code | INDB0002124 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR SURVEY NO 29 3 NEAR BKM HOSPITAL PAYANNUR DISTRICT KANNUR KERALA 670307 |
| City | Taliparamba |
| District | Kannur |
| State | Kerala |
| STD Code | 4985 |
| Phone | 299596 |
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 PAYYANUR branch came to be assigned the code INDB0002124.
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 INDB0002124, money simply cannot be routed to the PAYYANUR branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indusind Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC INDB0002124 and the account number together uniquely identify the Payyanur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC INDB0002124
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 INDB0002124 across all three.
How to use IFSC INDB0002124 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indusind Bank's PAYYANUR 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 INDB0002124.
- Confirm the bank name auto-populates as Indusind Bank and the branch as PAYYANUR.
- 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 PAYYANUR
If you need to transfer ₹2 lakh or more in one go to an account at Indusind Bank's PAYYANUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC INDB0002124 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 – PAYYANUR, use IMPS. With IFSC INDB0002124 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Payyanur
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC INDB0002124:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at PAYYANUR is still linked to IFSC INDB0002124.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 PAYYANUR branch, the IFSC INDB0002124 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 Payyanur branch is mapped to IFSC INDB0002124 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 INDB0002124.
Banking services available
The Payyanur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 4985-299596.
- 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 INDB0002124
Digital banking channels
Most day-to-day work that customers used to do at the Payyanur 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 INDB0002124 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.
How to reach the Payyanur branch
The branch is located at GROUND FLOOR SURVEY NO 29 3 NEAR BKM HOSPITAL PAYANNUR DISTRICT KANNUR KERALA 670307, which puts it inside Taliparamba, the broader Kannur district, and the state of Kerala. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Payyanur branch” — the verified location pin for IFSC INDB0002124 should appear at the top of the results.
- Confirm the branch is open by calling 4985-299596 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 INDB0002124 and your account number.
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 – PAYYANUR:
- The IFSC is exactly INDB0002124 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 PAYYANUR 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.
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 Payyanur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC INDB0002124, however, work 24x7.
Verifying IFSC INDB0002124 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 INDB0002124 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 4985-299596.
- Visiting the bank's official branch locator page.
Branch address & contact
Indusind BankPayyanur Branch
GROUND FLOOR SURVEY NO 29 3 NEAR BKM HOSPITAL PAYANNUR DISTRICT KANNUR KERALA 670307
Taliparamba, Kerala
Phone: 4985-299596
IFSC: INDB0002124
Frequently asked questions
How do I add Indusind Bank Payyanur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0002124, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Payyanur branch but serve different purposes.
Can I use IFSC INDB0002124 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC INDB0002124 to send funds instantly.
Is IFSC INDB0002124 valid for NEFT and RTGS?
Yes. IFSC INDB0002124 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Indusind Bank Payyanur branch?
The IFSC code of Indusind Bank, Payyanur branch is INDB0002124. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using INDB0002124 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indusind Bank – Payyanur reflect within 30 minutes.
What is the phone number of Indusind Bank Payyanur branch?
You can reach the branch at 4985-299596 during regular banking hours.
Is IFSC INDB0002124 the same for all accounts at Payyanur branch?
Yes. The IFSC INDB0002124 is shared by every account held at Indusind Bank's Payyanur branch. Only the account number changes from customer to customer.
Summary
The IFSC code INDB0002124 belongs to Indusind Bank's PAYYANUR branch, located at GROUND FLOOR SURVEY NO 29 3 NEAR BKM HOSPITAL PAYANNUR DISTRICT KANNUR KERALA… in TALIPARAMBA, KERALA. 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.
