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 Madikeri branch in Kodagu, Madikeri, Karnataka, 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 Kodagu or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code ICIC0000487. 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, Madikeri, Kodagu
Here are the key points that are associated with the IFSC Code ICIC0000487 of Icici Bank Limited for its branch located in Kodagu, within the district of Madikeri in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0000487 |
| Branch | Madikeri |
| City | Kodagu |
| District | Madikeri |
| State | Karnataka |
| Address | Icici Bank Ltd., 17-171, Sunanda Complex, College Road, Madikeri, Dist. Kodagu, Karnataka.571201 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Kodagu for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0000487 for the Madikeri 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Icici Bank Limited located in Madikeri, Kodagu, Karnataka, are given a unique IFSC like ICIC0000487 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kodagu.
- 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 Kodagu and Madikeri.
- 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 Madikeri goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ICIC0000487
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 Madikeri in Kodagu.
For example, the IFSC Code ICIC0000487 of Icici Bank Limited for the Madikeri branch includes these elements, identifying the bank and the branch location in Kodagu and Karnataka accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are looking for the IFSC Code ICIC0000487 of Icici Bank Limited for its Madikeri branch located in Kodagu, the following methods can help:
Cheque Book
The cheque book that is issued by Icici Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Icici Bank Limited branches in Kodagu and Madikeri, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Icici Bank Limited and look for the branch locator section, then search for Madikeri or Kodagu to get the exact IFSC Code ICIC0000487.
Mobile Banking App
If you use Icici Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Icici Bank Limited and Kodagu, then it will provide you proper information.
How to Use IFSC Code ICIC0000487 for Online Transfers?
Once you have the IFSC Code ICIC0000487 for the Madikeri branch of Icici Bank Limited in Kodagu, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0000487. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 ICIC0000487.
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 Madikeri in Kodagu, 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 Madikeri, 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 Kodagu manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Madikeri Kodagu branch is ICIC0000487.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Icici Bank Ltd., 17-171, Sunanda Complex, College Road, Madikeri, Dist. Kodagu, Karnataka.571201.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.