Vijaya Bank IFSC Code Search

An IFSC code follows a set format, which includes bank name, the number “0” and the branch code. 

In the above example, Vijaya Bank IFSC Code follows a set format where the first 4 characters “VIJB” represents the bank, the 5th character is always “0” and the last 6 characters “006046” represents the branch code of Vijaya Bank Sector 40, Chandigarh branch.

Fund transfers are done only with a valid IFSC code as IFSC code helps to identify the source and destination bank in the event of a transaction. The customer needs to provide all the mandatory information of the beneficiary in order to carry out fund transfer. The following information about the Beneficiary is mandatory -

• Beneficiary Name
• Beneficiary Address
• Beneficiary Account Number
• Beneficiary Account Type (only in case of NEFT)
• IFSC Code of the Beneficiary's Bank Branch

There are different ways by which a person can look for the IFSC code of Vijaya Bank:

1. Account holders can search for the IFSC Code of Vijaya Bank using the online IFSC Search Tool offered by Paisabazaar. Account holders can follow the steps mentioned below:

• Visit the IFSC Code Locator Tool offered by Paisabazaar 
• Enter the name of the bank which would be Vijaya Bank
• Enter the essential information like state and city
• Select the bank branch to check the Vijaya Bank IFSC Code of a specific bank branch

Alternatively, IFSC and MICR codes for any Vijaya Bank branch can be found on the following platforms as well:

2. Account holders can check the Vijaya Bank IFSC Code on their bank cheque. The image below will help understand better:

• IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code are placed at the bottom of the cheque

A MICR code is a unique 9-digit code used by banks to verify cheques for clearance and for faster processing of cheques. Account holders can check the Vijaya Bank MICR Code at the bottom of their cheque (as shown in the image above).

3. Account holders can also check their Vijaya Bank IFSC Code on their account passbook provided by the bank.

4. The Reserve Bank of India’s website is another way to know the IFSC Code for Vijaya bank.

5. Customers can also check their IFSC code using the Vijaya Bank mobile banking app or internet banking portal after a successful log in using the credentials.

One can transfer funds online by various modes - 

NEFT

The acronym "NEFT" stands for National Electronic Funds Transfer. It is based on Deferred Net Settlement (DNS) and facilitates the transfer of funds from any bank branch to any other bank branch.

The sender has to provide the beneficiary’s name, IFSC code of the beneficiary bank branch, account type, and account number in order to carry out fund transfer via NEFT.

RTGS

The acronym "RTGS" stands for Real-Time Gross Settlement. The RTGS system facilitates the transfer of funds from accounts in one bank to another on a "Real-time" basis. The RTGS system is the fastest possible interbank money transfer facility available through secure banking channels in India.

In order to carry out fund transaction, the sender needs to provide details including the name of the payee, account number, IFSC code of the beneficiary’s bank branch, and the amount.

IMPS

Immediate Payment Services (IMPS) is a real-time instant inter-bank fund transfer system. In order to send money the sender needs to provide beneficiary’s account no, account type, IFSC Code and beneficiary’s name.

Vijaya Bank was established on 23rd October 1931 by Shri A.B. Shetty and other farmers in Mangalore, Karnataka which aimed to promote savings and banking habits among the people of the district of DakshinKannad. It became a scheduled bank in 1958 and was nationalized on 15th April 1980.