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 Khodla branch in Banas Kantha, Palanpur, Gujarat, 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 Banas Kantha or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code ICIC0002871. 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, Khodla, Banas Kantha
Here are the key points that are associated with the IFSC Code ICIC0002871 of Icici Bank Limited for its branch located in Banas Kantha, within the district of Palanpur in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0002871 |
| Branch | Khodla |
| City | Banas Kantha |
| District | Palanpur |
| State | Gujarat |
| Address | Icici Bank Ltd., Village Khodla, Sub District Palanpur, District Banas Kantha, State Gujarat.385001 |
These details are important not only for users using online banking but also for businesses and individuals who use Icici Bank Limited in Banas Kantha for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ICIC0002871 for the Khodla 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, along with Icici Bank Limited located in Khodla, Banas Kantha, Gujarat, are given a unique IFSC like ICIC0002871 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Banas Kantha.
- 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 Banas Kantha and Palanpur.
- 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 Icici Bank Limited in Khodla goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ICIC0002871
The format of the IFSC Code for banks, including Icici Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Icici Bank Limited, 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 Khodla in Banas Kantha.
For example, the IFSC Code ICIC0002871 of Icici Bank Limited for the Khodla branch includes these elements, identifying the bank and the branch location in Banas Kantha and Gujarat correctly.
How to Find IFSC Code for Icici Bank Limited?
To find the IFSC Code ICIC0002871 of Icici Bank Limited for its Khodla branch located in Banas Kantha, 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 Banas Kantha and Palanpur, 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 Khodla or Banas Kantha to find the exact IFSC Code ICIC0002871.
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 Banas Kantha will provide accurate information.
How to Use IFSC Code ICIC0002871 for Online Transfers?
Once you have the IFSC Code ICIC0002871 for the Khodla branch of Icici Bank Limited in Banas Kantha, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0002871. 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 ICIC0002871.
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 Khodla in Banas Kantha, your payment can get delayed or might not go through at all.
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 Khodla, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Banas Kantha manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0002871.
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 Icici Bank Ltd., Village Khodla, Sub District Palanpur, District Banas Kantha, State Gujarat.385001 located in Banas Kantha, Palanpur, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.