The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Icici Bank Limited for its Peelamedu branch in Coimbatore, Coimbatore, Tamil Nadu, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Icici Bank Limited located in Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code ICIC0004234. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Icici Bank Limited, Peelamedu, Coimbatore
Here are some of the key details that come with the IFSC Code ICIC0004234 of Icici Bank Limited for its branch located in Coimbatore, within the district of Coimbatore in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0004234 |
| Branch | Peelamedu |
| City | Coimbatore |
| District | Coimbatore |
| State | Tamil Nadu |
| Address | Icici Bank Ltd., No.31, Lakshmipuram 4Th Street, Masakalipalayam Main Road, Peelamedu, Coimbatore, Tamil Nadu.641004 |
These details are important not only for users using online banking but also for businesses and individuals who use Icici Bank Limited in Coimbatore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ICIC0004234 for the Peelamedu 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 Peelamedu, Coimbatore, Tamil Nadu, are given a unique IFSC like ICIC0004234 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Coimbatore.
- 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 Coimbatore and Coimbatore.
- 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 Peelamedu goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ICIC0004234
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 Peelamedu in Coimbatore.
For example, the IFSC Code ICIC0004234 of Icici Bank Limited for the Peelamedu branch includes these elements, identifying the bank and the branch location in Coimbatore and Tamil Nadu accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are trying to find the IFSC Code ICIC0004234 of Icici Bank Limited for its Peelamedu branch located in Coimbatore, the following methods can help:
Cheque Book
The cheque books that are issued by Icici Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Icici Bank Limited branches in Coimbatore and Coimbatore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Icici Bank Limited and find the branch locator section. Search for Peelamedu or Coimbatore to get the exact IFSC Code ICIC0004234.
Mobile Banking App
If you use Icici Bank Limited's mobile app, you can easily 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 to help you in searching for Icici Bank Limited and Coimbatore that will provide accurate information.
How to Use IFSC Code ICIC0004234 for Online Transfers?
Once you have the IFSC Code ICIC0004234 for the Peelamedu branch of Icici Bank Limited in Coimbatore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0004234. 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 ICIC0004234.
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 Peelamedu in Coimbatore, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Icici Bank Limited in Peelamedu, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Icici Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Coimbatore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0004234.
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., No.31, Lakshmipuram 4Th Street, Masakalipalayam Main Road, Peelamedu, Coimbatore, Tamil Nadu.641004 located in Coimbatore, Coimbatore, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.