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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Icici Bank Limited for its Aswaraopet branch in Khammam, Aswaraopet, Telangana, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Icici Bank Limited located in Khammam or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code ICIC0008294. 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, Aswaraopet, Khammam

The table below shows the main details of the IFSC Code ICIC0008294 for the Icici Bank Limited branch in Khammam, which falls under the Aswaraopet district in Telangana.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0008294
Branch Aswaraopet
City Khammam
District Aswaraopet
State Telangana
Address Icici Bank Ltd. 7-72/7B, Badrachalam Road,Aswaraopet, Dist Bhadradri Kothagudem,Telangana-507301

These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Khammam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0008294 for the Aswaraopet 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ICIC0008294 is given to every bank branch, including Icici Bank Limited located in Aswaraopet, Khammam, Telangana, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Icici Bank Limited branch in Khammam.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Khammam and Aswaraopet.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Telangana and the rest of India, which is why the IFSC Code ensures that transactions meant for Icici Bank Limited in Aswaraopet doesn't end up at another location.

Format of the IFSC Code ICIC0008294

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 Aswaraopet in Khammam.

For example, the IFSC Code ICIC0008294 of Icici Bank Limited for the Aswaraopet branch includes these elements, identifying the bank and the branch location in Khammam and Telangana accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are trying to find the IFSC Code ICIC0008294 of Icici Bank Limited for its Aswaraopet branch located in Khammam, 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 Khammam and Aswaraopet, 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 Aswaraopet or Khammam to get the exact IFSC Code ICIC0008294.

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 Khammam that will provide accurate information.

How to Use IFSC Code ICIC0008294 for Online Transfers?

If you have the IFSC Code ICIC0008294 for the Aswaraopet branch of Icici Bank Limited in Khammam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ICIC0008294. 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 ICIC0008294.

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 Aswaraopet in Khammam, 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 Aswaraopet, 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 Khammam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Aswaraopet, Khammam?

The IFSC Code is ICIC0008294.

Is the IFSC Code ICIC0008294 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Icici Bank Limited Aswaraopet?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Aswaraopet branch?

The address of the branch is Icici Bank Ltd. 7-72/7B, Badrachalam Road,Aswaraopet, Dist Bhadradri Kothagudem,Telangana-507301 located in Khammam, Aswaraopet, Telangana.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.