Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Fino Payments Bank for its Byron Bazar S O branch in Raipur, Raipur, Chhattisgarh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Fino Payments Bank located in Raipur or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code FINO0001553. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Fino Payments Bank, Byron Bazar S O, Raipur

The table below shows the main details of the IFSC Code FINO0001553 for the Fino Payments Bank branch in Raipur, which falls under the Raipur district in Chhattisgarh.

Particulars Details
Bank Fino Payments Bank
IFSC Code FINO0001553
Branch Byron Bazar S O
City Raipur
District Raipur
State Chhattisgarh
Address Block-B-1, Pujari Chambers, Dhamtari Road, Near Pachpedi Naka, Raipur, Cg - 492001.

These details helps users in online banking and for businesses and individuals who use Fino Payments Bank in Raipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FINO0001553 for the Byron Bazar S O branch of Fino Payments Bank plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Fino Payments Bank located in Byron Bazar S O, Raipur, Chhattisgarh, are given a unique IFSC like FINO0001553 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Raipur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Raipur and Raipur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Fino Payments Bank in Byron Bazar S O goes to the correct branch. This is important because Fino Payments Bank has thousands of branches in Chhattisgarh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code FINO0001553

The format of the IFSC Code for banks, including Fino Payments Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Fino Payments Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Byron Bazar S O in Raipur.

For example, the IFSC Code FINO0001553 of Fino Payments Bank for the Byron Bazar S O branch includes these elements, identifying the bank and the branch location in Raipur and Chhattisgarh accurately.

How to Find IFSC Code for Fino Payments Bank?

To find the IFSC Code FINO0001553 of Fino Payments Bank for its Byron Bazar S O branch located in Raipur, the following methods can help you out:

Cheque Book

The cheque book issued by Fino Payments Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Fino Payments Bank branches in Raipur and Raipur, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Fino Payments Bank and go to the branch locator section. Then search for Byron Bazar S O or Raipur to find the exact IFSC Code FINO0001553.

Mobile Banking App

If you use Fino Payments Bank's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Fino Payments Bank and Raipur will provide accurate information.

How to Use IFSC Code FINO0001553 for Online Transfers?

Once you have the IFSC Code FINO0001553 for the Byron Bazar S O branch of Fino Payments Bank in Raipur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code FINO0001553. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Fino Payments Bank IFSC Code FINO0001553.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Fino Payments Bank Byron Bazar S O in Raipur may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Fino Payments Bank in Byron Bazar S O, here are some of the ways you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Fino Payments Bank website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Raipur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Fino Payments Bank in Byron Bazar S O, Raipur?

The IFSC Code is FINO0001553.

Is the IFSC Code FINO0001553 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Fino Payments Bank Byron Bazar S O?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Byron Bazar S O branch?

The address of the branch is Block-B-1, Pujari Chambers, Dhamtari Road, Near Pachpedi Naka, Raipur, Cg - 492001. located in Raipur, Raipur, Chhattisgarh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.