IFSC Code of Icici Bank Limited, Mullanpur, Mullanpur Dakha, Punjab — ICIC0001516

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 Mullanpur branch in Ludhiana, Mullanpur Dakha, Punjab, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code ICIC0001516. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Icici Bank Limited, Mullanpur, Ludhiana

Below in the table are the key details related to IFSC Code ICIC0001516 of Icici Bank Limited for its branch located in Ludhiana, within the district of Mullanpur Dakha in the state of Punjab.

These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Ludhiana for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001516 for the Mullanpur 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 that is provided by the Reserve Bank of India. A unique IFSC like ICIC0001516 is given to every bank branch, including Icici Bank Limited located in Mullanpur, Ludhiana, Punjab, 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 Ludhiana.
• 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 Ludhiana and Mullanpur Dakha.
• 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 Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Icici Bank Limited in Mullanpur doesn't end up at another location.

Format of the IFSC Code ICIC0001516

This is the format of the IFSC Code for banks, including Icici Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Icici Bank Limited, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mullanpur in Ludhiana.

For example, the IFSC Code ICIC0001516 of Icici Bank Limited for the Mullanpur branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0001516 of Icici Bank Limited for its Mullanpur branch located in Ludhiana, 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 Ludhiana and Mullanpur Dakha, 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 Mullanpur or Ludhiana to get the exact IFSC Code ICIC0001516.

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 Ludhiana, then it will provide you proper information.

How to Use IFSC Code ICIC0001516 for Online Transfers?

Once you have the IFSC Code ICIC0001516 for the Mullanpur branch of Icici Bank Limited in Ludhiana, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ICIC0001516. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Icici Bank Limited IFSC Code ICIC0001516.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Icici Bank Limited Mullanpur in Ludhiana, it can result in delayed or failed transactions.

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 Mullanpur, 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 Ludhiana manage online transfers as well as cheque clearances with ease.