RBL IFSC is an 11-digit number seen on Bank’s cheque book or passbook. One can consider an IFSC as a postal code that tells us the electronic location of a bank branch. Each RBL branch has its own unique IFSC that allows the users to make fund transactions. IFSC was started by the RBL to supervise all the banking activities
Examples
| Branch | IFSC |
| Daman And Diu | RATN0000130 |
| Khalikpur, Aravali | RATN0000223 |
RBL IFSC Structure
RBL IFSC is structured in a way that the starting characters of the code tell us about the bank the fifth digit remains zero for all the branches. The last 6 digits of the RBL IFSC are indicative of the bank branch.
| RBL Code | ZERO | RBL’s Branch Code | ||||||||
| R | A | T | N | 0 | 0 | 0 | 0 | 1 | 3 | 0 |
Why do we require the RBL IFSC Code?
- IFSC is the building block of banking. Fund transfer completely depends on the IFSC as it ensures that the funds end up in the right account.
- IFSC helps in tracking all the transactions made between various bank branches in India and banishes any kind of fraud taking place. In order to carry out successful fund transfer, it is compulsory to know the IFSC of the initiating branch and the receiving branch.
- Because of online banking, fund transfer can now be carried out round the clock and the transactions are processed instantaneously.
How to transfer money using RBL IFSC Code?
Funds can be transferred via RBL IFSC in a number of ways. One can choose the traditional way of banking or can opt for online banking. Be it through the bank’s personalized mobile banking apps or their internet banking portal, fund transfer has become highly convenient via online banking.
The most used payment platforms in India are as under:
| NEFT | RTGS | IMPS |
| The full form of NEFT is the National Electronic Fund Transfer | The full form of NEFT is the Real-Time Gross Settlement | The full form of NEFT is Immediate Payment system |
| It is started by the RBI | It is started by the RBI | It is started by the NPCI |
| Settles payment in half-hourly slots | Settles payment on an individual basis | Funds are transferred immediately via IMPS |
| Funds are settled in every 30 minutes hence fund transfer is not done in real-time | Funds are credited into beneficiary’s account in real-time and on a gross basis | Funds are credited into beneficiary’s account in real-time |
How to find the RBL IFSC Code & MICR Code?
- In order to carry out successful fund transfer, it is compulsory to know the IFSC of the initiating branch and the receiving branch. Here are some of the means to find out the RBI IFSC and MICR Codes.
- Paisabazaar has come up with a platform that helps the customers to search for the IFSC and MICR codes of any bank branch. One can simply get to the IFSC Code Search Tool by Paisabazaar, choose the RBL Bank Branch, and look for the IFSC and the MICR Code.
- Another way is to get to the official website of the RBI and check for the required RBL IFSC and MICR code. The RBI is the only official body in India that has the sole right to look after the banking operations across the country.
Where to find RBL IFSC Code?
Here are some of the modes to find the RBL IFSC
- RBL Cheque book: A cheque book is a book of printed cheques provided by the bank. On a cheque book, IFSC can be seen on the top whereas the MICR Code is present at the bottom.
- RBL Passbook: A passbook is a booklet allotted by the bank that records all the banking activities of an account holder. One can refer to the passbook to find out the IFSC of one’s bank branch.
- RBL Online Banking: Online banking includes two major platforms i.e. the net banking portal and the mobile banking apps of the bank. One can find out the IFSC easily at his/her convenience with the help of the online banking platforms of the bank.
What is the RBL MICR Code?
- MICR Code stands for Magnetic Ink Character Recognition
- It is a 9-digit number present on the cheque leaf at the bottom white line known as the MICR Band
- MICR Code helps to facilitate the processing of cheques
- MICR is only used in cheques systems whereas the IFSC is used in various fund transfer systems like NEFT, RTGS, etc.
- MICR aids the RBI to recognize the bank branches involved in fund transfer
Examples
| Branch | MICR Code |
| Daman And Diu | 396176131 |
| Khalikpur, Aravali | 383176051 |
Where to find RBL MICR Code?
Here are some of the modes to find the RBL IFSC-
- Cheque Book: On a cheque book, MICR Code can be seen on the top whereas the MICR Code is present at the bottom.
- Passbook: One can refer to the passbook to find out the MICR Code of one’s bank branch.
- RBL Netbanking/ RBL Mobile Banking: One can find out the MICR Code easily at his/her convenience with the help of the online banking platforms of the bank.
What is the RBL Swift Code?
- SWIFT Code is the abbreviation of Society for World-Wide Interbank Financial Telecommunication
- It is an organization started in the year 1973 to develop a standard for financial transactions across the world
- SWIFT forms a network of financial institutions across the world to send and receive money between the banks
- One can consider a SWIFT Code as a postal code that tells us the exact location of a bank branch
- It is formed by 8 to 11 characters with each character having its own significance
How to find the RBL Swift Code?
The most convenient way to get the RBL Swift code is by calling the Customer Care Department of the RBL. Not only this, but customers can even write an email to the customer support team of the RBL.
Difference between RBL MICR Code, SWIFT Code, and IFSC code
| RBL MICR Code | RBL SWIFT Code | RBL IFSC |
| MICR is a code introduced by the RBI for facilitating the traditional mode of fund transfer that includes fund transfer via cheques | RBL SWIFT Code can be defined as an international standard used for transferring funds between the bank branches all across the world | IFSC is the building block of banking. Fund transfer completely depends on the IFSC as the IFSC ensures that the funds end up in the right account. |
| The code contains 9-digits and is present on the cheque leaf at the bottom white line known as the MICR Band | The code is formed of 8 to 11 alphanumeric codes and is also known as BIC | It contains 11-digits and is usually seen on Bank’s cheque book or passbook |
Frequently Asked Questions (FAQs)
How to locate the nearest RBL branch from IFSC Code?
IFSC is a standard for identifying bank branches for exchanging funds between them. It is assembled in a way that the initial four digits tell us about the bank whereas the last six tell us about the branch. The middle fifth digit remains zero all the time. Thus to find out the RBL branch we must consider the last six digits of the code.
How to search RBL IFSC Code by account number?
RBL IFSC can be searched by various means like the Paisabazaar IFSC Tool, The RBI website, RBL Online banking platforms, etc. One cannot search RBL IFSC by account number.
Does RBL Credit Card have IFSC Code?
IFSC Code plays an important role when a cardholder makes any sort of payment using his/her credit card. So IFSC is only required while carrying out RBL Credit card payments.
What is the RBL CIF Number?
- RBL CIF Number is a digital file holding all the banking details of an account holder. A customer can have several accounts under one CIF Number and this number is unique to a customer
- One can get his/her CIN number via the netbanking facility of the bank or by getting in touch with the customer care department of the bank
- Bank has the authority to use this unique number to trace the banking details of a customer in case of any mishap
What is the RBL BSR Code?
BSR Code is used to track all the online payments made toward the tax by various banks and alerts the income Tax Department regarding the same. The code is structured by seven numeric digits and is a unique code.
How to find the RBL branch Code?
RBL IFSC is structured in a way that the starting characters of the code tell us about the bank the fifth digit remains zero for all the branches. Left 6 digits of the RBL IFSC are indicative of the bank branch.