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 Magadi Road branch in Bangalore Rural, Magadi, Bangalore Rural, 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 Bangalore Rural or anywhere in Bangalore Rural can easily transfer funds instantly by using the correct IFSC Code ICIC0002334. 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, Magadi Road, Bangalore Rural

Here are some of the key details that come with the IFSC Code ICIC0002334 of Icici Bank Limited for its branch located in Bangalore Rural, within the district of Magadi in the state of Bangalore Rural.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0002334
Branch Magadi Road
City Bangalore Rural
District Magadi
State Bangalore Rural
Address Icici Bank Ltd., No 1215 And 1242, Magadi Main Road,A D Halli,Opp Shell Petrol Bunk,Bangalore.560023

These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Bangalore Rural for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002334 for the Magadi Road branch of Icici Bank Limited 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, including Icici Bank Limited located in Magadi Road, Bangalore Rural, Bangalore Rural, is provided with a unique IFSC like ICIC0002334 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Icici Bank Limited branch in Bangalore Rural.
  • 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 Bangalore Rural and Magadi.
  • 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 Bangalore Rural and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Magadi Road do not get mixed with another location.

Format of the IFSC Code ICIC0002334

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Icici Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Magadi Road in Bangalore Rural.

For example, the IFSC Code ICIC0002334 of Icici Bank Limited for the Magadi Road branch includes these elements, identifying the bank and the branch location in Bangalore Rural and Bangalore Rural accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0002334 of Icici Bank Limited for its Magadi Road branch located in Bangalore Rural, 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 Bangalore Rural and Magadi, 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 Magadi Road or Bangalore Rural to get the exact IFSC Code ICIC0002334.

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 Bangalore Rural, then it will provide you proper information.

How to Use IFSC Code ICIC0002334 for Online Transfers?

Once you have the IFSC Code ICIC0002334 for the Magadi Road branch of Icici Bank Limited in Bangalore Rural, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ICIC0002334. 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 Icici Bank Limited IFSC Code ICIC0002334.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Icici Bank Limited Magadi Road in Bangalore Rural may 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 Magadi Road, 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 Bangalore Rural to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Magadi Road, Bangalore Rural?

The IFSC Code is ICIC0002334.

Is the IFSC Code ICIC0002334 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 Magadi Road?

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 Magadi Road branch?

The address of the branch is Icici Bank Ltd., No 1215 And 1242, Magadi Main Road,A D Halli,Opp Shell Petrol Bunk,Bangalore.560023 located in Bangalore Rural, Magadi, Bangalore Rural.

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.