ICICI Bank IFSC Code & MICR Code Directory

You can find the IFSC (Indian Financial System Code) in the following ways:

• Cheque Leaf or Passbook: The IFSC code is printed on the top or bottom of your bank's cheque leaf and also mentioned in your passbook.

• Bank's Official Website: Most banks list the IFSC codes of all their branches on their official websites.

• Regulatory Authority's Website: The regulatory authority maintains an updated list of IFSC codes for all registered banks and their branches.

• Mobile Banking or Net Banking: IFSC codes are usually displayed during the process of adding a new beneficiary.

• Customer Support or Branch Visit: You can contact your bank's customer care or visit the nearest branch to get the IFSC code.

• NEFT - National Electronic Fund Transfer: Enables you to electronically transfer funds from your bank account to any other account of the same bank or a different bank.

• RTGS - Real Time Gross Settlement: Used for transfers with a minimum limit of Rs 2 lakh.

• IMPS - Immediate Payment Service: Allows a bank account holder to transfer funds 24x7, 365 days a year.

• ONLINE BANKING: The IFSC code is a fundamental requirement for most online banking transactions involving fund transfers.

An IFSC code is an 11-character alphanumeric code structured as follows:
• First 4 characters: Represent the bank name (e.g., ICIC for ICICI Bank)
• 5th character: Always 0, reserved for future use
• Last 6 characters: Identify the specific branch of the bank

This format ensures each bank branch in India has a unique IFSC code for secure and accurate electronic transactions like NEFT, RTGS, and IMPS.

You can find the MICR (Magnetic Ink Character Recognition) code through the following ways:

You can transfer money using ICICI Bank's NEFT, RTGS, or IMPS services by entering the required IFSC code. Here's how to do it:

Details Required for the Transfer:
• Payee/Beneficiary Name
• Bank Name, Branch, and IFSC Code
• Beneficiary's Account Number

Steps to Transfer Funds:
• Register the Beneficiary via internet or mobile banking.
• Go to the 'Fund Transfer' section.
• Select the preferred transfer method — NEFT, RTGS, or IMPS.
• Enter the transaction amount and verify all details.
• Authenticate the transaction using OTP or PIN.

You can perform these transfers anytime using ICICI Bank's mobile banking or internet banking platforms.

ICICI has a set timeframe for settling funds through NEFT, which is carried out in batches. This procedure is carried out on an hourly basis and is based on Deferred Net Settlements. If the batch clearance occurs within the allotted time, the beneficiary receives the money that same day. If not, the funds are credited the following business day.

Transfers made through the Real Time Gross Settlement System (RTGS) are completed on a transaction-by-transaction basis, meaning that funds are cleared according to schedule one at a time. ICICI settles RTGS transactions within the current working day in accordance with the established standing instructions. O ne of the quickest ways to transfer money is via RTGS, which can be done on totally safe platforms. An RTGS transaction must be planned at least three working days in advance. Among other things, you can pay for transactions such as cash management transfers, interest, mortgages, securities, taxes, hedging, value-added tax payments, supplier payments, and trade settlement payments.

ICICI Bank's IMPS allows you to transfer funds instantly and securely, 24x7, including holidays. Using ICICI Net Banking, you can send money from your ICICI account to any other ICICI or non-ICICI bank account. Once the transaction is initiated, the recipient receives the funds almost immediately.

You can use the following methods to send money using IMPS:
• Internet Banking
• IMobile
• M.Dot