Standard Chartered Bank IFSC Code Search

IFSC is formed by the combination of letters and digits in a way that we get a unique code for each bank branch. In the IFSC Code, the bank is represented by the initial 4 digits and the branch is represented by the last 6 digits. The fifth digit is kept zero for all bank branches.

Let us consider an example-

In the 11 characters Standard Chartered IFSC Code, the first 4 characters determine the bank code, the fifth character is ‘0’ and the last 6 characters determine the unique branch code.

Above mentioned code ‘SCBL0036025’ is an example of the Standard Chartered IFSC Code Gurgaon, where ‘SCBL’ is the bank code and ‘036025’ is the branch code for Standard Chartered Bank Gurgaon

IFSC is a standard for money exchange in the country. Without an IFSC one cannot transfer funds to the recipient as there won’t be any way to identify the recipient’s bank branch.

Further, the IFSC prevents any sort of frauds taking place as RBI monitors all the transactions made via IFSC.

In the age of online banking, IFSC is being widely used all over the country for transferring funds. Customers do not have to go to the banks and wait for hours to carry out fund transfer now. Fund transfer with online banking has become simpler and faster. Just provide the correct IFSC and it will send the money to the beneficiary’s account.

Some of the fund transfer modes that have been widely used for fund transfer are-

NEFT

NEFT is a payment system wherein one can electronically transfer funds from one NEFT-enabled account to another. Transaction in NEFT is executed in half-hourly batches around the clock. There is no limit on the maximum amount of funds that can be transferred using NEFT.

RTGS

RTGS is a fund transfer system based on a real-time mechanism. Funds are electronically transferred from one RTGS enabled account to another in real-time. The minimum amount for fund transfer under RTGS is Rs. 2 lakh and there is no limit on the maximum amount to be transferred.

IMPS

IMPS is the quickest fund transfer mode whereby funds are transferred into the beneficiary’s account within a few seconds. Under IMPS, funds are transferred on a real-time basis and are available around the clock.

Paisabazaar has come up with a platform that is used to find out the IFSC and MICR Codes of various banks. Visit the Paisabazaar IFSC search tool and choose the state city and the branch whose IFSC and MICR you are looking for.

One can also visit the RBI and find out the IFSC and MICR Code of Standard Chartered Bank.

In order to exchange funds between accounts, IFSC is a must. One can choose any of the following means to find out Standard Chartered Bank IFSC and MICR codes.

• Cheque Book: Standard Chartered Bank Cheque book can be used to look for the IFSC and MICR codes.
• Passbook: Another way to find out the Standard Chartered Bank IFSC and MICR Code is the passbook. One can look into the passbook issued by the Standard Chartered Bank.
• Online Banking: With mobile banking and net banking platforms, banking has become much simpler and easily accessible. These platforms can be used to get the required IFSC and MICR codes of Standard Chartered Bank.

MICR is a unique code that stands for Magnetic Ink Character Recognition. MICR refers to a technology that is used for printing MICR Codes on the cheques. It aids in accelerating the cheque clearing process. One can see these codes at the bottom of the cheques.

Examples

MICR Structure

MICR is a unique code consisting of 9-numbers allocated to all the bank branches of Standard Chartered Bank in the country. If we look at the format of the MICR Code it can be seen that the starting 3-digits are indicative of the city, the middle three determine the bank and the remaining three determine the branch of the bank.

MICR Code not only accelerates the cheque clearing process but also prevents the cheque from getting bounced back. One can choose any of the following means to find out Standard Chartered Bank MICR codes.

• Cheque Book: Standard Chartered Bank Cheque book can be used to look for the MICR code.
• Passbook: Another way to find out the Standard Chartered Bank MICR Code is the passbook. One can look into the passbook issued by the Standard Chartered Bank.
• Online Banking: With the coming of mobile banking and net banking platforms, banking has become much simpler and easily accessible. These platforms can be used to get the required MICR codes of Standard Chartered Bank.

SWIFT Code stands for Society for World-Wide Interbank Financial Telecommunication is a unique code approved by the International Organisation of Standardisation. This code is used as a standard for making payments across the world. Hence we can say that the SWIFT Code acts as an electronic bank identifier.

How to find the Standard Chartered Bank Swift Code?

Account-holders can call the respective Customer Care Department of their bank and ask for the required SWIFT Code.

Standard Chartered Bank MICR Code

• MICR refers to a unique code introduced by the RBI to transfer money from one part of the world to another. It further prevents the cheque from getting bounced back as it is printed using magnetisable ink
• MICR contains 9-digits with every three digits having their significance
• Magnetic Ink Character Recognition is the full form of MICR

Standard Chartered Bank SWIFT Code

• SWIFT Code is used as a standard for making payments across the world as it acts as an electronic bank identifier. It is approved by the International Organisation of Standardisation
• SWIFT Code is made of 8 to 11 digits and is unique to each bank branch
• Society for World-Wide Interbank Financial Telecommunication is the full form of SWIFT

Standard Chartered Bank IFSC

• IFSC is an 11-character unique identification code prescribed by the RBI to all the banks in India. The code identifies the bank-branches participating in the fund transfer process and directs the money to the intended recipient.
• IFSC comprises of 11-digits which is a mix of alphabets and numbers
• Indian Financial System Code is the full form of IFSC