For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Icici Bank Limited for its Shrigonda branch in Ahmadnagar, Shrigonda, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Icici Bank Limited located in Ahmadnagar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ICIC0001998. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Icici Bank Limited, Shrigonda, Ahmadnagar

Here are some of the key details that come with the IFSC Code ICIC0001998 of Icici Bank Limited for its branch located in Ahmadnagar, within the district of Shrigonda in the state of Maharashtra.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0001998
Branch Shrigonda
City Ahmadnagar
District Shrigonda
State Maharashtra
Address Icici Bank Ltd., Shop No. 2327, Raj Complex, Jamkhed Daund Road, Shrigonda, Ahmednagar Dist., Maharashtra.413701

These details are essential not only for online banking users but also for businesses and individuals who use Icici Bank Limited in Ahmadnagar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001998 for the Shrigonda branch of Icici Bank Limited plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ICIC0001998 is given to every bank branch, including Icici Bank Limited located in Shrigonda, Ahmadnagar, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Icici Bank Limited branch in Ahmadnagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Ahmadnagar and Shrigonda.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Icici Bank Limited in Shrigonda doesn't end up at another location.

Format of the IFSC Code ICIC0001998

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 Shrigonda in Ahmadnagar.

For example, the IFSC Code ICIC0001998 of Icici Bank Limited for the Shrigonda branch includes these elements, identifying the bank and the branch location in Ahmadnagar and Maharashtra accurately.

How to Find IFSC Code for Icici Bank Limited?

To find the IFSC Code ICIC0001998 of Icici Bank Limited for its Shrigonda branch located in Ahmadnagar, 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 Ahmadnagar and Shrigonda, 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 Shrigonda or Ahmadnagar to find the exact IFSC Code ICIC0001998.

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 Ahmadnagar will provide accurate information.

How to Use IFSC Code ICIC0001998 for Online Transfers?

Once you have the IFSC Code ICIC0001998 for the Shrigonda branch of Icici Bank Limited in Ahmadnagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0001998. 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 ICIC0001998.

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 Shrigonda in Ahmadnagar, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Icici Bank Limited in Shrigonda, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Icici Bank Limited website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Ahmadnagar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Shrigonda, Ahmadnagar?

The IFSC Code is ICIC0001998.

Is the IFSC Code ICIC0001998 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Icici Bank Limited Shrigonda?

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

What is the full address of the Shrigonda branch?

The address of the branch is Icici Bank Ltd., Shop No. 2327, Raj Complex, Jamkhed Daund Road, Shrigonda, Ahmednagar Dist., Maharashtra.413701 located in Ahmadnagar, Shrigonda, Maharashtra.

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.