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 Panchwati Circle branch in Jaipur, Jaipur, Rajasthan, 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 Jaipur or anywhere in Rajasthan can easily transfer funds instantly by using the correct IFSC Code ICIC0005420. 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, Panchwati Circle, Jaipur
Here are some of the key details that come with the IFSC Code ICIC0005420 of Icici Bank Limited for its branch located in Jaipur, within the district of Jaipur in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0005420 |
| Branch | Panchwati Circle |
| City | Jaipur |
| District | Jaipur |
| State | Rajasthan |
| Address | 190 Ram Gali No 1 Panchwati Circle Raja Park Jaipur 302004 |
These details help users in online banking and for businesses and individuals who use Icici Bank Limited in Jaipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0005420 for the Panchwati Circle 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Icici Bank Limited located in Panchwati Circle, Jaipur, Rajasthan, is provided with a unique IFSC like ICIC0005420 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Icici Bank Limited branch in Jaipur.
- 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 Jaipur and Jaipur.
- 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 Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Panchwati Circle do not get mixed with another location.
Format of the IFSC Code ICIC0005420
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 Panchwati Circle in Jaipur.
For example, the IFSC Code ICIC0005420 of Icici Bank Limited for the Panchwati Circle branch includes these elements, identifying the bank and the branch location in Jaipur and Rajasthan correctly.
How to Find IFSC Code for Icici Bank Limited?
If you are trying to find the IFSC Code ICIC0005420 of Icici Bank Limited for its Panchwati Circle branch located in Jaipur, 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 Jaipur and Jaipur, 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 Panchwati Circle or Jaipur to get the exact IFSC Code ICIC0005420.
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 Jaipur, you'll get the correct details.
How to Use IFSC Code ICIC0005420 for Online Transfers?
If you have the IFSC Code ICIC0005420 for the Panchwati Circle branch of Icici Bank Limited in Jaipur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC0005420. 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 ICIC0005420.
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 Panchwati Circle in Jaipur, 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 Panchwati Circle, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Jaipur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0005420.
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 190 Ram Gali No 1 Panchwati Circle Raja Park Jaipur 302004 located in Jaipur, Jaipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.