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 New Cloth Market Bathinda branch in Bathinda, Bathinda, Punjab, 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 Bathinda or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code ICIC0007230. 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, New Cloth Market Bathinda, Bathinda
Below in the table are the key details related to IFSC Code ICIC0007230 of Icici Bank Limited for its branch located in Bathinda, within the district of Bathinda in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0007230 |
| Branch | New Cloth Market Bathinda |
| City | Bathinda |
| District | Bathinda |
| State | Punjab |
| Address | Icici Bank Ltd., Shop No.132, Cloth Market, Bathinda, Punjab.151001 |
These details help users in online banking and for businesses and individuals who use Icici Bank Limited in Bathinda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0007230 for the New Cloth Market Bathinda branch of Icici Bank Limited has a very 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 New Cloth Market Bathinda, Bathinda, Punjab, is provided a unique IFSC like ICIC0007230 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Icici Bank Limited branch in Bathinda.
- 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 Bathinda and Bathinda.
- 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 Punjab and the rest of India, the IFSC Code ensures that transactions meant for Icici Bank Limited in New Cloth Market Bathinda do not get misguided to another person.
Format of the IFSC Code ICIC0007230
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 New Cloth Market Bathinda in Bathinda.
For example, the IFSC Code ICIC0007230 of Icici Bank Limited for the New Cloth Market Bathinda branch includes these elements, identifying the bank and the branch location in Bathinda and Punjab correctly.
How to Find IFSC Code for Icici Bank Limited?
To find the IFSC Code ICIC0007230 of Icici Bank Limited for its New Cloth Market Bathinda branch located in Bathinda, 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 Bathinda and Bathinda, 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 New Cloth Market Bathinda or Bathinda to find the exact IFSC Code ICIC0007230.
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 Bathinda will provide accurate information.
How to Use IFSC Code ICIC0007230 for Online Transfers?
If you have the IFSC Code ICIC0007230 for the New Cloth Market Bathinda branch of Icici Bank Limited in Bathinda, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC0007230. Transfers are processed in batches. 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. Asks for the recipient's account details and Icici Bank Limited IFSC Code ICIC0007230.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Icici Bank Limited New Cloth Market Bathinda in Bathinda, it 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 New Cloth Market Bathinda, 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 Bathinda to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the New Cloth Market Bathinda Bathinda branch is ICIC0007230.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Icici Bank Ltd., Shop No.132, Cloth Market, Bathinda, Punjab.151001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.