The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Icici Bank Limited for its Memco Lbs Road Branch branch in Ahmadabad, Ahmedabad, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Icici Bank Limited located in Ahmadabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code ICIC0008059. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Icici Bank Limited, Memco Lbs Road Branch, Ahmadabad
The table below shows the main details of the IFSC Code ICIC0008059 for the Icici Bank Limited branch in Ahmadabad, which falls under the Ahmedabad district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0008059 |
| Branch | Memco Lbs Road Branch |
| City | Ahmadabad |
| District | Ahmedabad |
| State | Gujarat |
| Address | Memco Lbs Road Branch Gf, Ganesh Avenue, Opp D Mart Memco Road, Bapunagar Ahmedabad 380024 |
These details are important not only for users using online banking but also for businesses and individuals who use Icici Bank Limited in Ahmadabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ICIC0008059 for the Memco Lbs Road Branch branch of Icici Bank Limited is vital.
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, including Icici Bank Limited located in Memco Lbs Road Branch, Ahmadabad, Gujarat, is provided with a unique IFSC like ICIC0008059 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Icici Bank Limited branch in Ahmadabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Ahmadabad and Ahmedabad.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Memco Lbs Road Branch do not get mixed with another location.
Format of the IFSC Code ICIC0008059
This is the format of the IFSC Code for banks, including Icici Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Icici Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Memco Lbs Road Branch in Ahmadabad.
For example, the IFSC Code ICIC0008059 of Icici Bank Limited for the Memco Lbs Road Branch branch includes these elements, identifying the bank and the branch location in Ahmadabad and Gujarat accurately.
How to Find IFSC Code for Icici Bank Limited?
To find the IFSC Code ICIC0008059 of Icici Bank Limited for its Memco Lbs Road Branch branch located in Ahmadabad, the following methods can help you out:
Cheque Book
The cheque book issued by Icici Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Icici Bank Limited branches in Ahmadabad and Ahmedabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Icici Bank Limited and go to the branch locator section. Then search for Memco Lbs Road Branch or Ahmadabad to find the exact IFSC Code ICIC0008059.
Mobile Banking App
If you use Icici Bank Limited'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 Icici Bank Limited and Ahmadabad will provide accurate information.
How to Use IFSC Code ICIC0008059 for Online Transfers?
Once you have the IFSC Code ICIC0008059 for the Memco Lbs Road Branch branch of Icici Bank Limited in Ahmadabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0008059. The transfer is completed in batches instead of instantly. It is useful for both 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 Icici Bank Limited IFSC Code ICIC0008059.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Icici Bank Limited Memco Lbs Road Branch in Ahmadabad, your payment can get delayed or might not go through at all.
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 Icici Bank Limited in Memco Lbs Road Branch, 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 Icici Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Ahmadabad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0008059.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Memco Lbs Road Branch Gf, Ganesh Avenue, Opp D Mart Memco Road, Bapunagar Ahmedabad 380024 located in Ahmadabad, Ahmedabad, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.