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 Khategaon branch in Dewas, Khategaon, or Madhya Pradesh, 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 Dewas or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code ICIC0002577. 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, Khategaon, Dewas
Here are the main details that are associated with the IFSC Code ICIC0002577 of Icici Bank Limited for its branch located in Dewas, within the district of Khategaon in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0002577 |
| Branch | Khategaon |
| City | Dewas |
| District | Khategaon |
| State | Madhya Pradesh |
| Address | Icici Bank Ltd., Indore Dewas Road, Opposite Bpcl Petrol Pump, Near Mandi, Khategaon Dist. Dewas, Madhya Pradesh.455336 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Dewas for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002577 for the Khategaon branch of Icici Bank Limited has an 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 Khategaon, Dewas, Madhya Pradesh, is provided a unique IFSC like ICIC0002577 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Icici Bank Limited branch in Dewas.
- 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 Dewas and Khategaon.
- 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Icici Bank Limited in Khategaon do not get misguided to another person.
Format of the IFSC Code ICIC0002577
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 Khategaon in Dewas.
For example, the IFSC Code ICIC0002577 of Icici Bank Limited for the Khategaon branch includes these elements, identifying the bank and the branch location in Dewas and Madhya Pradesh accurately.
How to Find IFSC Code for Icici Bank Limited?
To find the IFSC Code ICIC0002577 of Icici Bank Limited for its Khategaon branch located in Dewas, 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 Dewas and Khategaon, 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 Khategaon or Dewas to find the exact IFSC Code ICIC0002577.
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 Dewas will provide accurate information.
How to Use IFSC Code ICIC0002577 for Online Transfers?
Once you have the IFSC Code ICIC0002577 for the Khategaon branch of Icici Bank Limited in Dewas, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0002577. 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 ICIC0002577.
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 Khategaon in Dewas, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Icici Bank Limited in Khategaon, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Dewas manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0002577.
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., Indore Dewas Road, Opposite Bpcl Petrol Pump, Near Mandi, Khategaon Dist. Dewas, Madhya Pradesh.455336 located in Dewas, Khategaon, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.