Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Icici Bank Limited for its Machagondanahalli branch in Chikmagalur, Chikmagalur, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Icici Bank Limited located in Chikmagalur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code ICIC0004257. You should definitely 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, Machagondanahalli, Chikmagalur
The table below shows the main details of the IFSC Code ICIC0004257 for the Icici Bank Limited branch in Chikmagalur, which falls under the Chikmagalur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0004257 |
| Branch | Machagondanahalli |
| City | Chikmagalur |
| District | Chikmagalur |
| State | Karnataka |
| Address | Icici Bank Ltd., Survey No.121/P1, Katha No.28, 28/1,28/5 , Machagondanahalli Village, Aaldhur Hobli, Chikmagalur, Karnataka.577111 |
These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Chikmagalur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0004257 for the Machagondanahalli 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Icici Bank Limited located in Machagondanahalli, Chikmagalur, Karnataka, is provided a unique IFSC like ICIC0004257 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Icici Bank Limited branch in Chikmagalur.
- 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 Chikmagalur and Chikmagalur.
- 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 Machagondanahalli do not get misguided to another person.
Format of the IFSC Code ICIC0004257
The format of the IFSC Code for banks, including Icici Bank Limited, follows 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 Machagondanahalli in Chikmagalur.
For example, the IFSC Code ICIC0004257 of Icici Bank Limited for the Machagondanahalli branch includes these elements, identifying the bank and the branch location in Chikmagalur and Karnataka accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are trying to find the IFSC Code ICIC0004257 of Icici Bank Limited for its Machagondanahalli branch located in Chikmagalur, the following methods can help:
Cheque Book
The cheque book issued by Icici Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Icici Bank Limited branches in Chikmagalur and Chikmagalur, print them on the first page of your passbook.
Bank Website
Visit the official website of Icici Bank Limited and navigate to the branch locator section. Search for Machagondanahalli or Chikmagalur to get the exact IFSC Code ICIC0004257.
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 keeps an updated list of all IFSC codes. If you search for Icici Bank Limited and Chikmagalur, you'll get the correct details.
How to Use IFSC Code ICIC0004257 for Online Transfers?
If you have the IFSC Code ICIC0004257 for the Machagondanahalli branch of Icici Bank Limited in Chikmagalur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC0004257. 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 ICIC0004257.
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 Machagondanahalli in Chikmagalur, 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 Machagondanahalli, 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 Chikmagalur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0004257.
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., Survey No.121/P1, Katha No.28, 28/1,28/5 , Machagondanahalli Village, Aaldhur Hobli, Chikmagalur, Karnataka.577111 located in Chikmagalur, Chikmagalur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.