ICICI Bank IFSC Code is an 11-digit financial code assigned to ICICI's each branch by the Reserve Bank of India. This code is helpful in electronically transfer of funds from one bank account to another of same or different banks. These IFSC codes are unique to each and every branch of ICICI Bank in the country.
ICICI Bank IFSC Code Format
| ICICI Bank code | Zero | ICICI Bank's Branch code | ||||||||
| I | C | I | C | 0 | 0 | 0 | 6 | 2 | 9 | 2 |
IFSC Code is formed by 11 alpha-numeric digits. The initial 4 characters identify the bank name, the last 6 characters identify the bank branch, and in the middle (5th character) there is always 0.
In the above example, ICIC0006292 is the IFSC Code of ICICI Bank Chandni Chowk branch. ‘ICIC’ represents the bank code, 5th character is ‘0’ whereas ‘006292’ represent branch code of Chandni Chowk.
How does IFSC Code of ICICI Bank works?
In case of a fund transfer, one has to provide details including the name of the payee, bank account number, IFSC code of the receiving ICICI bank branch, and the amount.
Once all these details are provided by the remitter, he / she will be able to transfer funds to the beneficiary account where IFSC code will help in identifying the correct ICICI bank's branch to avoid errors in such transactions.
How to search for ICICI Bank IFSC Code & MICR Code?
ICICI Bank customers can search for the MICR and IFSC Code by any of the below mentioned ways:
1. ICICI account holders can use PaisaBazaar's IFSC search tool by following steps mentioned below:
- The IFSC search tool is present at the top of this page.
- ICICI Bank is the default bank selected, it can be changed to other bank if required.
- Fill the other details like state and city name.
- Select the ICICI bank's branch to check its IFSC and MICR codes.
Alternatively IFSC and MICR codes for any ICICI branch can be found on the following platforms as well:
2. ICICI Bank account holders can check these details on their bank cheque. The image below will help understand better:
- IFSC code is mentioned at the top of the cheque
- Cheque number and MICR code is present at the bottom of the cheque
3. ICICI account holders can also check the IFSC Code on their bank account passbook.
4. The Reserve Bank of India’s website is another platform where account holders can search for IFSC Code for any ICICI's branch.
5. Customers can also find these codes in the bank’s mobile application or by login to their net banking accounts.
How to make fund transfer using ICICI Bank IFSC Code?
Using ICICI IFSC code, one can send money to another person who holds an account in any branch of the same or different bank by number of ways:
NEFT
National Electronic Funds Transfer (NEFT) is a fund transfer mode that works on deferred settlement basis which means the transactions are carried out in batches.
In order to carry out fund transactions through NEFT, the sender has to provide the following details –
- Beneficiary’s name
- IFSC code of the beneficiary bank branch
- Account type
- Account number
RTGS
Fund transfers through the Real Time Gross Settlement (RTGS) system occurs in real-time basis. In order to make transaction using RTGS, the sender needs to provide the following details –
- Name of the payee
- Account number
- IFSC code of the beneficiary’s bank branch
- Amount to be paid
IMPS
Immediate Payment Services (IMPS) is a real time instant inter-bank funds transfer system. This service is available 24x7, throughout the year. In order to send money the sender needs to provide the following details –
- Beneficiary’s account no
- Account type
- IFSC Code of beneficiary’s bank branch
- Beneficiary’s name
About ICICI Bank
ICICI Bank is a leading private sector bank operating in India. The total consolidated assets stand at Rs. 12.50 trillion (as on June 30, 2019) and currently have a wide network of 4,882 branches and 15,101 ATMs across India. The bank provides an extensive range of banking products and services to both retail and corporate customers.