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Introduction

ICICI Bank has been a pioneer in introducing various customer friendly features and applications for their banking customers. They were one of the first few banks to come up with internet banking for their customers. ICICI Bank has more than 5,275 branches across India and has a presence in 17 countries. Fund transfers is an important banking function offered by ICICI Bank to its Netbanking users. An IFSC Code is unique to each branch of ICICI Bank. It helps in crediting the money to the correct account in the correct branch of ICICI Bank. You can quickly find the IFSC Code of an ICICI Bank Branch on our page.

How do I find the ICICI Bank IFSC code using the CreditMantri website?

CreditMantri allows you to check the IFSC code for any bank branch within seconds. It has a number of other information for use in all branches of ICICI Bank. By signing in to CreditMantri, youll get a one-stop solution for all banking needs.

Here are the steps to find the IFSC code of ICICI Bank Branches:

  • Login to the website of the CreditMantri
  • Click the Community button in the top menu bar and pick the ‘Resources’ button.
  • Choose the IFSC and MICR Codes Directory section of this collection.
  • It lists all banks with names and logos of their own. You can choose ICICI Bank from this page.
  • You can also use the search bar at the top to find your bank quickly. You can choose the name of the bank, state, district and branch in one shot to get the information.
  • It gives you all the relevant details about the bank for your convenience.

IFSC Code – Introduction and Importance

The Reserve Bank of India assigns a distinct 11-digit number to each ICICI Bank branch called the Indian Financial System Code or the IFSC. The actual code is a combination of two, alphabets and digits, which are uniquely assigned to a single branch of ICICI Bank. The IFSC code is a basic part of on-line financial transfers, namely the Real Time Gross Settlement (RTGS), the Instant Payment Service (IMPS) and the National Electronic Fund Transfer (NEFT). Without the IFSC code, a financial exchange cannot be affected because the IFSC code determines the bank branch where the money is to be transferred.

The IFSC code usually consists of 11 characters, the first four are primarily alphabetical letters representing the name of the bank, and the last six characters represent the branch number (usually numeric or occasionally alphabetical). The fifth digit is right now set to 0 (zero); and it is reserved for future use. The Bank IFSC Code enables NEFT, IMPS & RTGS to send messages to banks / destination branches.

Why should you use the IFSC Code for online money transfers?

The primary function of the IFSC Code is to ensure that the funds are allocated to the correct account in the relevant branch. The IFSC Code allows transactions between two banks when the movement of funds takes place. Here are some of the other advantages of the IFSC Code:

  • It helps to move funds to the correct account in the right bank. The IFSC code is unique to every bank or branch.
  • Allows a faster and easier transfer of money between bank accounts
  • Removes the possibility of theft or hacking by using the IFSC Code
  • The IFSC Code shall allow a direct transfer between the sender and the recipient. When a digital transaction takes place, both parties will get alerts or e-mails from the banks concerned, whether it is a credit transaction or a debit transaction.
  • Makes it much easier for banks to validate the settlement process.
  • Promotes purchases of paperless currency. You will now benefit from an electronic, paperless bank transfer with the assistance of the IFSC. It seeks to make banking environmentally sustainable. Business transactions, based on IFSC codes, have become simple, fast and paperless.

Where can I find the IFSC Code of an ICICI Bank branch?

ICICI Bank has a dynamic website that gives a plethora of information to its users. Customers can find a wide range of information on their official webpage. They have a separate section for IFSC Codes.

Here are the steps to find the IFSC Code of ICICI Bank Branch on the official website:

  • Visit the ICICI Bank official webpage. 
  • At the bottom of the page, you can find the option ‘Find IFSC’. Click on that. 
  • It will take you to the IFSC Code Finder page. 
  • Here, you can search for a branch using the branch name, or, search by state name, city name and branch.
  • The displayed results will have the Branch Name, IFSC Code, Address, City & State.

Other ways to search for ICICI Bank Branch IFSC Code

On your ICICI Bank cheque book and passbook

The IFSC Code of your bank branch is always printed on your pass book and cheque book. Your cheque book and passbook have a lot of important information regarding your bank branch. Your branch name, branch address, phone number and IFSC code are some of the things that you will find there. They can, though, just have the IFSC Code of your bank branch, not the other branches. If you need the IFSC Code of other branches, follow one of the below methods.

On the RBI website

The official RBI portal has a section devoted to locate the IFSC Code for all banks. Login to the official website of the RBI. To find More Links, scroll down to the bottom of the page. Choose IFSC / MICR Codes in this list. Here, you can choose the name of the bank from the drop-down list and enter the name of your branch to find the IFSC code.

On the Internet

You can do a simple search on the Internet for the ‘ICICI Bank IFSC Code and there are a dozen websites that will provide you with the details. However, be wary and use only trusted websites.

What is a NEFT transfer?

National Electronic Funds Transfer (NEFT) is a nationwide process that allows the electronic transfer of funds from any bank branch to any person, company or business having an account with any other bank branch in the country by individuals, firms and corporations. NEFT payments are often referred to as e-cheques, as the funds are not exchanged in real time but the funds are settled in batches.

What is an RTGS transaction?

RTGS stands for Real Time Gross Settlement, which can be described as the simultaneous (real-time) settlement of transfers of funds on an order-by-order basis (without netting). You need the IFSC Code to mark the Branch for which you want to transfer funds using RTGS. Notice that not all ICICI Bank branches may have IFSC codes.

What is IMPS transfer?

IMPS is the Immediate Payment Service that is generally known as the Interbank Mobile Payment Service. IMPS uses IFSC codes to provide immediately a variety of fund transfer facilities in a round-the-clock environment.

FAQs

1. How do I transfer funds using the IFSC Code?

Money transactions via Netbanking are quite easy. All you need is the recipients account number and the branch name to trigger a transfer of funds.

  • Login to your account for Netbanking.
  • Choose Fund Transfers and go to Add Payee.
  • You need to type the name of the receiver (as on the account), the right account number and the IFSC branch code to add the payee.
  • You can find the IFSC Code branch on the website of the bank or on the CreditMantri.
  • Once you have added the payee, you can immediately transfer the funds to them via NEFT, IMPS or RTGS.

2. Can I transfer money without IFSC code?

The answer is both yes and no. In order to transfer money via Netbanking, IFSC code is needed. Netbanking allows you to transfer money via NEFT, IMPS & RTGS. However, in recent years, UPI money transfers or e-wallet money transfers have gained popularity. These methods only consider the mobile number linked to yours and the recipient’s bank account, and hence does not require the IFSC for a bank to bank money transfer.

3. What is the key difference between NEFT, IMPS & RTGS?

The key difference between these 3 payments systems is the transfer amount limit and the timings during which you can transfer the money.

4. Is IFSC and Swift Code the same?

No, they are different. The key distinction between the two codes is that IFSC is needed when transferring funds within the country and SWIFT code is needed when transferring funds abroad.

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