There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Icici Bank Limited for its Shri Basaveshwar Sahakari Bank Nyt, Bagalkot branch in Bagalkot, Bagalkot, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Icici Bank Limited situated in Bagalkot or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code ICIC00SBSBN. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Icici Bank Limited, Shri Basaveshwar Sahakari Bank Nyt, Bagalkot, Bagalkot
Here are the main details that are associated with the IFSC Code ICIC00SBSBN of Icici Bank Limited for its branch located in Bagalkot, within the district of Bagalkot in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC00SBSBN |
| Branch | Shri Basaveshwar Sahakari Bank Nyt, Bagalkot |
| City | Bagalkot |
| District | Bagalkot |
| State | Karnataka |
| Address | Basaveshwar Bank Circle, Sector No. 25, Navanagar, Bagalkot - 587 103 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Bagalkot for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC00SBSBN for the Shri Basaveshwar Sahakari Bank Nyt, Bagalkot branch of Icici Bank Limited has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Icici Bank Limited located in Shri Basaveshwar Sahakari Bank Nyt, Bagalkot, Bagalkot, Karnataka, is provided a unique IFSC like ICIC00SBSBN so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Icici Bank Limited branch in Bagalkot.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Bagalkot and Bagalkot.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Icici Bank Limited in Shri Basaveshwar Sahakari Bank Nyt, Bagalkot do not get misguided to another person.
Format of the IFSC Code ICIC00SBSBN
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 Shri Basaveshwar Sahakari Bank Nyt, Bagalkot in Bagalkot.
For example, the IFSC Code ICIC00SBSBN of Icici Bank Limited for the Shri Basaveshwar Sahakari Bank Nyt, Bagalkot branch includes these elements, identifying the bank and the branch location in Bagalkot and Karnataka accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are looking for the IFSC Code ICIC00SBSBN of Icici Bank Limited for its Shri Basaveshwar Sahakari Bank Nyt, Bagalkot branch located in Bagalkot, the following methods can help:
Cheque Book
The cheque book that is issued by Icici Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Icici Bank Limited branches in Bagalkot and Bagalkot, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Icici Bank Limited and look for the branch locator section, then search for Shri Basaveshwar Sahakari Bank Nyt, Bagalkot or Bagalkot to get the exact IFSC Code ICIC00SBSBN.
Mobile Banking App
If you use Icici Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Icici Bank Limited and Bagalkot, then it will provide you proper information.
How to Use IFSC Code ICIC00SBSBN for Online Transfers?
Once you have the IFSC Code ICIC00SBSBN for the Shri Basaveshwar Sahakari Bank Nyt, Bagalkot branch of Icici Bank Limited in Bagalkot, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC00SBSBN. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Icici Bank Limited IFSC Code ICIC00SBSBN.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Icici Bank Limited Shri Basaveshwar Sahakari Bank Nyt, Bagalkot in Bagalkot, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Icici Bank Limited in Shri Basaveshwar Sahakari Bank Nyt, Bagalkot, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Bagalkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC00SBSBN.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Basaveshwar Bank Circle, Sector No. 25, Navanagar, Bagalkot - 587 103 located in Bagalkot, Bagalkot, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.