Below are the complete branch details for NSDL Payments Bank Limited, PRABHADEVI branch, located in MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is NSPB0000002. 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 NSPB0000002 for NSDL Payments Bank Limited – PRABHADEVI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, NSPB0000002 is the IFSC of NSDL Payments Bank Limited's PRABHADEVI branch. The format is fixed: NSPB = bank code, 0 = reserved, 000002 = branch identifier.
About the bank
NSDL Payments Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Prabhadevi branch in Mumbai, Maharashtra is part of this network and uses the IFSC code NSPB0000002 for all electronic settlement.
Branch details at a glance
| Bank Name | NSDL Payments Bank Limited |
|---|---|
| Branch | Prabhadevi |
| IFSC Code | NSPB0000002 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NSDL Payments Bank. 401, 4th Floor, Tower no.3, One International Center, Senapati Bapat Marg Prabhadevi Mumbai-400013 |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 224994200 |
Prabhadevi branch overview
Located at NSDL Payments Bank. 401, 4th Floor, Tower no.3, One International Center, Senapati Bapat Marg Prabhadevi Mumbai-400013, the Prabhadevi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC NSPB0000002 is required for all interbank electronic transfers routed through this branch.
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 NSDL Payments Bank Limited's PRABHADEVI branch came to be assigned the code NSPB0000002.
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 NSPB0000002, money simply cannot be routed to the PRABHADEVI branch electronically.
Account types you can open at the Prabhadevi branch
Once you have an account at NSDL Payments Bank Limited – PRABHADEVI, the IFSC NSPB0000002 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Prabhadevi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-224994200.
- 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 NSPB0000002
How to transfer money using IFSC NSPB0000002
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 NSPB0000002 across all three.
How to use IFSC NSPB0000002 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to NSDL Payments Bank Limited's PRABHADEVI 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 NSPB0000002.
- Confirm the bank name auto-populates as NSDL Payments Bank Limited and the branch as PRABHADEVI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC NSPB0000002
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 NSDL Payments Bank Limited – PRABHADEVI, ensure your bank's portal accepts IFSC NSPB0000002 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to NSDL Payments Bank Limited – PRABHADEVI, use IMPS. With IFSC NSPB0000002 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 Prabhadevi
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 NSPB0000002:
- 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 PRABHADEVI is still linked to IFSC NSPB0000002.
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 NSPB0000002
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 NSDL Payments Bank Limited – PRABHADEVI is still mapped to IFSC NSPB0000002. 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 NSPB0000002 and the beneficiary's account number to complete the transfer.
Online banking and IFSC NSPB0000002
NSDL Payments Bank Limited customers can register for net banking and the bank's official mobile app once their account at the PRABHADEVI 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 NSPB0000002 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 Prabhadevi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC NSPB0000002 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 NSPB0000002
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 NSDL Payments Bank Limited – PRABHADEVI, 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:
NSPB0000002. - 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 Prabhadevi branch
The branch is located at NSDL Payments Bank. 401, 4th Floor, Tower no.3, One International Center, Senapati Bapat Marg Prabhadevi Mumbai-400013, which puts it inside Mumbai, the broader Mumbai district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “NSDL Payments Bank Limited Prabhadevi branch” — the verified location pin for IFSC NSPB0000002 should appear at the top of the results.
- Confirm the branch is open by calling 22-224994200 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 NSPB0000002 and your account number.
Verifying IFSC NSPB0000002 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 NSPB0000002 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-224994200.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Prabhadevi 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 NSPB0000002 continue to work without interruption.
Branch address & contact
NSDL Payments Bank LimitedPrabhadevi Branch
NSDL Payments Bank. 401, 4th Floor, Tower no.3, One International Center, Senapati Bapat Marg Prabhadevi Mumbai-400013
Mumbai, Maharashtra
Phone: 22-224994200
IFSC: NSPB0000002
Frequently asked questions
Is IFSC NSPB0000002 valid for NEFT and RTGS?
Yes. IFSC NSPB0000002 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using NSPB0000002 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to NSDL Payments Bank Limited – Prabhadevi reflect within 30 minutes.
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 Prabhadevi branch but serve different purposes.
How do I add NSDL Payments Bank Limited Prabhadevi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC NSPB0000002, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC NSPB0000002 the same for all accounts at Prabhadevi branch?
Yes. The IFSC NSPB0000002 is shared by every account held at NSDL Payments Bank Limited's Prabhadevi branch. Only the account number changes from customer to customer.
What is the IFSC code of NSDL Payments Bank Limited Prabhadevi branch?
The IFSC code of NSDL Payments Bank Limited, Prabhadevi branch is NSPB0000002. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code NSPB0000002 belongs to NSDL Payments Bank Limited's PRABHADEVI branch, located at NSDL Payments Bank. 401, 4th Floor, Tower no.3, One International Center,… in MUMBAI, 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.
