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 Baripada, Orissa branch in Mayurbhanj, Baripada, Odisha, 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 Mayurbhanj or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code ICIC0001502. 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, Baripada, Orissa, Mayurbhanj

Here are the key points that are associated with the IFSC Code ICIC0001502 of Icici Bank Limited for its branch located in Mayurbhanj, within the district of Baripada in the state of Odisha.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0001502
Branch Baripada, Orissa
City Mayurbhanj
District Baripada
State Odisha
Address Icici Bank Ltd., Popular Clinic, Badabazar, Baripada Mayurbhanj Dist., Orissa.757001

These details help users in online banking and for businesses and individuals who use Icici Bank Limited in Mayurbhanj for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001502 for the Baripada, Orissa 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, along with Icici Bank Limited located in Baripada, Orissa, Mayurbhanj, Odisha, are given a unique IFSC like ICIC0001502 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Mayurbhanj.
  • 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 Mayurbhanj and Baripada.
  • 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 Baripada, Orissa goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code ICIC0001502

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 Baripada, Orissa in Mayurbhanj.

For example, the IFSC Code ICIC0001502 of Icici Bank Limited for the Baripada, Orissa branch includes these elements, identifying the bank and the branch location in Mayurbhanj and Odisha accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are trying to find the IFSC Code ICIC0001502 of Icici Bank Limited for its Baripada, Orissa branch located in Mayurbhanj, 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 Mayurbhanj and Baripada, 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 Baripada, Orissa or Mayurbhanj to get the exact IFSC Code ICIC0001502.

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 Mayurbhanj, you'll get the correct details.

How to Use IFSC Code ICIC0001502 for Online Transfers?

Once you have the IFSC Code ICIC0001502 for the Baripada, Orissa branch of Icici Bank Limited in Mayurbhanj, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0001502. 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 ICIC0001502.

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 Baripada, Orissa in Mayurbhanj, your payment can get delayed or might not go through at all.

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 Baripada, Orissa, 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 Mayurbhanj manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Baripada, Orissa, Mayurbhanj?

The IFSC Code is ICIC0001502.

Is the IFSC Code ICIC0001502 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Icici Bank Limited Baripada, Orissa?

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

What is the full address of the Baripada, Orissa branch?

The address of the branch is Icici Bank Ltd., Popular Clinic, Badabazar, Baripada Mayurbhanj Dist., Orissa.757001 located in Mayurbhanj, Baripada, Odisha.

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.