IndusInd Bank Mumbai - Main Branch, IFSC Code, Rates February 2024

IndusInd Bank Mumbai

About IndusInd Bank

The IndusInd bank is one of the private banks which has been established with the equal contribution by the Indian residents as well as the Non-Resident Indians. The bank has established the vision of the founder of Hinduja group and renowned NRI businessman Mr. S.P. Hinduja. The headquarter of the bank ios in the commercial capital of India, Mumbai. The bank was inaugurated by then Finance minister Sh. Manmohan Singh. The bank was established to contribute to the developing economy and social sector. The bank was set up in the year 1994 with the capital value of 1000 million. Out of this money, around 600 million was raised by the Indian Residents and rest was raised and contributed by the NRIs. The bank is growing leap and bounds and has currently around more than 1000 branches and 1,800 ATMs to cater the requirements of the customers.

The name of the bank has been influenced by the famous and ancient Indus valley civilization. The bank is determined to keep the spirit of innovation along with the trade and business practices intact. The aim of the bank is to provide the valuable and beneficial solutions to the financial problems of the clients. It wants to expand its global reach and has started three representative office internationally in London, Abu Dhabi, and Dubai. The bank also wants to become the forerunner in terms of profitability, productivity, and efficiency. The customer responsiveness is one of the important factors. It proposes to increase the number of branch, profit, and client within three years. The bank wants to add the value to its stakeholder and give them the best output for trusting in them. Its main focus is to deliver the best and become a value-oriented asset for all those who are associated with it.

Address of IndusInd Bank Branches in Mumbai

Branch NameAddressIFSC CodeMICR Contact Details
Opera HouseIndusind House, 425, Dadasaheb Bhadkamkar Marg Mumbai - 400004INDB0000001400234002022 23857474 / 9494 23859913
BandraIndusInd Centre 231, S.v. Road, Bandra (west) Mumbai - 400050 .INDB0000003400234003022 26457800 / 8320 /27 26458323
Nariman PointGround Floor, Maker Chambers IV, Nariman PointINDB0000006400234004022 26457800 / 8320 /27 26458323
AndheriAcme Plaza, C.t.s. No. 32 opp. Sangam Talkies, Andheri - Kurla Road, Andheri (e), Mumbai 400059 INDB0000018400234005022 28237636 - 40 28237574
VashiShowroom Nos. 3 5 Plot No. 21, Sector 24 Vashi Turbhe Navi Mumbai 400705INDB0000024400234006022 27830026 / 27 / 1008 27830034
LokhandwalaMorya Estate, New Link Road, Andheri (w), Oshiwara, Mumbai 400053INDB0000028400234007022 66951107 -10 66951106
FortPremises No. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 400001INDB0000033400234009022 66366580 - 83 66366590
MulundMarathon Max, Shop No. 12 - 15, Mulund - Goregaon Link Road, Mulund (w), Mumbai - 400080INDB0000047400234012022 2592 7080 / 6808 / 6833 2592 6837
Kandivali (west)Shop No. 5, Between A & B Wing, Kamala Nagar, M G Road, Kandivali (w), Mumbai - 400067INDB0000048400234014022 28022079 / 80/ 82 28022083
ChemburUnit Numbers 8, 9, 10, Sunny Estate (2), Sion Trombay Road Chembur, Mumbai - 400071INDB0000053400234015022 25260881/82/85 5260883
Dadar607 A, Ground Floor, Dolat Manzil, Next To Parsi Gymkhana Dr. Ambedkar Road, Dadar (east), Mumbai - 400014INDB0000056400234013022 24167911/17 24167930
PanvelLakhani Landmark, Plot No. 19, Sector No. 19, Shop No. S - 01a, Panvel Matheran Road, New Panvel (east), Navi Mumbai 410206INDB0000093400234010022 2748 3156/54 27483026
MahimP.D.Hinduja National Hospital , Veer Savarkar Marg, Mahim, Mumbai 400016INDB0000503400234008022 24455301 / 24455563 24455091
GhatkoparBusiness Park, Tilak Road, Ghatkopar East, Mumbai – 400 077INDB00001524002340161860 500 5004
JuhuSonbar, Plot No 13, Juhu 10th Road, Mumbai – 400 049INDB00001534002340171860 500 5004
Borivali, MumbaiGround Floor, Ram Krupa Co - Operative Housing Society Ltd., Near Gokul Hotel, S.v.p. Road, Borivali (west), Mumbai 400 092INDB0000165400234020022 31920255, 31920244
Malad, Mumbai03/103, Accord Nidhi, Link Road, Malad (w), Mumbai 400 101INDB0000179400234022022- 28880403
Vile Parle (east) , MumbaiGround Floor, Shop No.1, Gemini Builders, Nehru Road, Vile Parle - E, Mumbai - 400 057INDB0000268400234023022-26126177 / 78 / 79 / 80
Prabhadevi, MumbaiGround Floor, Unit No. 2, Marathe Udyog Bhavan, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025INDB0000332400234025022-2430 4697 / 98, 2431 1695 / 5849 / 5857 / 8244
Lower Parel (west) , MumbaiGround Floor, Raghuvanshi Mills Compound, Senapati Bapat Marg, Lower Parel (west), Mumbai 400 013INDB0000341400234026022 -24950353, 24950355, 24950357, 24950358, 24950359, 24950360
Bandra Kurla Complex, MumbaiNO.C - 2, West Core Area, Ground Floor Tower No.3, Bharat Diamond Bourse Complex, G Block, Bandra Kurla Complex, Bandra (east), Mumbai 400 051INDB0000342400234027022 -26754141 - 47

Products Offered by the IndusInd Bank in Mumbai

The products that are offered by the IndusInd bank is tailor- made for the customer to give them the solution at the time of financial need and emergency. The lack of fund can no longer stop you to achieve your goal. The bank has so much to offer from its financial kit to provide the best solution to your fund requirements like the personal loan, loan against property, home loan, gold loan, fixed deposit etc. IT has also introduced many innovative services like video branch, cash on mobile, my account my number etc to provide more customized services to the customers.

Basic details about IndusInd Bank products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be between 21 - 65 years

Salaried individuals with minimum 3 years experience

Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years
Depend upon the individual's income and profile.8.40% - 9.75%0.50% of the loan amountUp to 30 years or until attaining age of 70 years
Personal LoanThe age of the applicant should be between 21 - 60 years ( for the salaried individual) and 25-65 (for the self- employed professional or businessman)

The minimum net salary should not be less than ₹ 25,000 per month for the salaried Individual
For the self- employed businessmen or professionals the minimum annual net income should be ₹ 4.8 lakh for last 2 years.

The salaried individual should have the minimum experience of 2 years in the job and at least 1 year at the current organisation.
For the self employed professionals the minimum work experience should be at least 4 years and at least 5 years of work experience post qualification for the self- employed businessman.

For the salaried individuals- You should at least have 1 year stay at the current residence.
Minimum of ₹50,000 Up to maximum of ₹ 15 lakh 10.25% - 26.00%2.50% of the loan amountUp to 5 years
Car LoanEligible Segments - Individuals, professionals, reputed firms and companies

The age of the applicant should be between 21- 60 years for salaried individuals and 21- 65 years for self- employed.

Minimum annual gross salary of the individuals should ₹ 2.50 lakh for salaried individual and minimum net profit for the self- employed should be ₹ 2 lakh.

The salaried individuals Should have minimum work experience of 3 years and at least 1 year with the current employer.
The self- employed should have the minimum experience of 3 year in the current business or professions.

The applicant must have the residential stability. The minimum stay in the city should be at least 3 years and minimum stay of 1 year in the current residing house.
The CIBIL score should be 600 and above. Should not have negative or caution profile.
85% of the showroom value.

Depend on the income and profile of the applicant.
As per bank's guidelinesNilFor new vehicles - 3 years
Loan Against PropertyEligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company.

Should be of age between 21- 70 years

Any individual filing the income tax returns can apply.
As per the individual income and the property evaluation 10.35%- 14.10% p.a.2% of the loan amountUp to 15 years
Gold LoanAny individual between 21 to 70 years

Should own the gold.
Up to ₹ 6 lakh11.65%- 15.35% p.a.2% of the loan amountFrom 3 to 12 months
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
2.50% - 6.00%15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

The documents required for the different products by IndusInd Bank Mumbai are mentioned in the table below:

ProductsDocuments Required
Home LoanLoan Application with passport size photograph of applicant / guarantor
Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Signature proof- Passport/ PAN Card
Processing fee cheque
Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect
Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board
Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary
Last 3 months Salary Certificate and Form No.16/ITR for last 3 years (in case of salaried persons)
IT Returns filed for the past three years (in case of non-salaried persons)
Educational qualification certificate and the Proof of business existence (in case of self-employed businessmen or professionals)
Balance Sheet and P&L Account for the past three years (in case of self-employed businessmen or professionals)
Personal LoanLoan Application with passport size photographs
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Latest 3 months Salary Certificate and Form No.16 ( for the salaried individual)ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed)
Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited)For the self- employed: latest 6 months bank statement/ passbook (current account)
For the self- employed: Proof of Qualification, Proof of continuity of business or profession.
Car Loan1 passport size photograph
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested)
Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months.
Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual)
Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company.
Loan Against PropertyDuly filled Loan Application with passport size photographs - 2 copies each
Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy.
Signature Proof: Passport/ PAN Card.
Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual)
Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA.
Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals)
Processing Fee cheque
Property related documents: All the title related documents of the property that you wish to mortgage for loan.
Gold LoanIdentity proof
Residence proof
Signature proof
Fixed DepositApplication form
Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card)
2 Photographs of Depositor/s
Identity Proof and Address Proof
Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc.

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%