Below are the complete branch details for Indusind Bank, GYALSHING branch, located in WEST SIKKIM, SIKKIM. The IFSC assigned by the Reserve Bank of India to this branch is INDB0002024. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case INDB0002024 for Indusind Bank – GYALSHING — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indusind Bank's GYALSHING branch, the IFSC INDB0002024 breaks down as follows: INDB identifies the bank, 0 is the reserved character, and 002024 identifies this particular branch.
About Indusind Bank
Indusind Bank operates a wide network of branches across India, including the Gyalshing branch in West Sikkim. 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, INDB0002024.
About the Gyalshing branch
The Gyalshing branch of Indusind Bank is situated at GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING SIKKIM 737111. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code INDB0002024 is used.
Branch details at a glance
| Bank Name | Indusind Bank |
|---|---|
| Branch | Gyalshing |
| IFSC Code | INDB0002024 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING SIKKIM 737111 |
| City | West Sikkim |
| District | West Sikkim |
| State | Sikkim |
| Phone | 8433978043 |
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 GYALSHING of Indusind Bank — its own 11-character IFSC. The code INDB0002024 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 INDB0002024 the same way you would treat your account number — verify it once and save it carefully for future use.
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 INDB0002024 and the account number together uniquely identify the Gyalshing branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC INDB0002024
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 INDB0002024 across all three.
NEFT to Indusind Bank, GYALSHING using IFSC INDB0002024
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 INDB0002024, and confirm that the system picks up Indusind Bank – GYALSHING. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC INDB0002024
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 – GYALSHING, ensure your bank's portal accepts IFSC INDB0002024 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indusind Bank GYALSHING (IFSC INDB0002024)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC INDB0002024 in your mobile or internet banking app, and the money is credited to the GYALSHING branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Gyalshing
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 INDB0002024:
- 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 GYALSHING is still linked to IFSC INDB0002024.
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.
UPI payments and IFSC INDB0002024
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 – GYALSHING is still mapped to IFSC INDB0002024. 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 INDB0002024 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Gyalshing branch is mapped to IFSC INDB0002024 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 INDB0002024.
Banking services available
The Gyalshing branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 8433978043.
- 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 INDB0002024
Online banking and IFSC INDB0002024
Indusind Bank customers can register for net banking and the bank's official mobile app once their account at the GYALSHING 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 INDB0002024 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.
How to reach the Gyalshing branch
The branch is located at GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING SIKKIM 737111, which puts it inside West Sikkim, the broader West Sikkim district, and the state of Sikkim. To plan your visit:
- Open Google Maps on your phone and search for “Indusind Bank Gyalshing branch” — the verified location pin for IFSC INDB0002024 should appear at the top of the results.
- Confirm the branch is open by calling 8433978043 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 INDB0002024 and your account number.
Common mistakes to avoid when using IFSC INDB0002024
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 – GYALSHING, 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:
INDB0002024. - 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.
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 Gyalshing branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC INDB0002024, however, work 24x7.
Verifying IFSC INDB0002024 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 INDB0002024 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8433978043.
- Visiting the bank's official branch locator page.
Branch address & contact
Indusind BankGyalshing Branch
GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING SIKKIM 737111
West Sikkim, Sikkim
Phone: 8433978043
IFSC: INDB0002024
Frequently asked questions
Is IFSC INDB0002024 the same for all accounts at Gyalshing branch?
Yes. The IFSC INDB0002024 is shared by every account held at Indusind Bank's Gyalshing branch. Only the account number changes from customer to customer.
Is IFSC INDB0002024 valid for NEFT and RTGS?
Yes. IFSC INDB0002024 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 Gyalshing branch but serve different purposes.
How do I add Indusind Bank Gyalshing as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC INDB0002024, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indusind Bank Gyalshing branch located?
Indusind Bank's Gyalshing branch is located at GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING SIKKIM 737111, West Sikkim, Sikkim.
What is the phone number of Indusind Bank Gyalshing branch?
You can reach the branch at 8433978043 during regular banking hours.
Summary
The IFSC code INDB0002024 belongs to Indusind Bank's GYALSHING branch, located at GROUND FLOORBAKES AND CAKES BUILDING PANDEY COLONY GYALSHING P O P S GYALSHING… in WEST SIKKIM, SIKKIM. 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.
