Indian Bank — MUMBAI PAREL Branch

How to Use IDIB000P578 for Money Transfers

The IFSC code IDIB000P578 is specifically assigned to the MUMBAI PAREL branch of Indian Bank located in MUMBAI, MAHARASHTRA. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use IDIB000P578 when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.

RTGS Transfer

For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use IDIB000P578 along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.

IMPS & UPI

IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require IDIB000P578 when registering a new beneficiary.

Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.

About Indian Bank MUMBAI PAREL Branch

The MUMBAI PAREL branch of Indian Bank is situated in MUMBAI, MAHARASHTRA. The branch address is DR AMBEDKAR ROAD PAREL POST BOX NO 6610 HIRAMANI SUPER MARKET LALBAUG LALBAUG LALBAUG LOWER PAREL PIN 400012. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at +912224702634. Always use the IFSC code IDIB000P578 when making any online fund transfer to an account held at this branch.