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 Shabashpally branch in Medak, Shivampet(Teh.Narsapur), Telangana, 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 Medak or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code ICIC0002235. 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, Shabashpally, Medak

Here are the main details that are associated with the IFSC Code ICIC0002235 of Icici Bank Limited for its branch located in Medak, within the district of Shivampet(Teh.Narsapur) in the state of Telangana.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0002235
Branch Shabashpally
City Medak
District Shivampet(Teh.Narsapur)
State Telangana
Address Icici Bank Ltd., Door No. 211, Shabashpally Village , Shivampet Mandal, Medak Dist.,.502334

These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Medak for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002235 for the Shabashpally 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 provided by the Reserve Bank of India. Every bank branch, along with Icici Bank Limited located in Shabashpally, Medak, Telangana, are given a unique IFSC like ICIC0002235 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Medak.
  • 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 Medak and Shivampet(Teh.Narsapur).
  • 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 Shabashpally goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Telangana and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code ICIC0002235

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 Shabashpally in Medak.

For example, the IFSC Code ICIC0002235 of Icici Bank Limited for the Shabashpally branch includes these elements, identifying the bank and the branch location in Medak and Telangana accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0002235 of Icici Bank Limited for its Shabashpally branch located in Medak, 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 Medak and Shivampet(Teh.Narsapur), 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 Shabashpally or Medak to get the exact IFSC Code ICIC0002235.

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 Medak, then it will provide you proper information.

How to Use IFSC Code ICIC0002235 for Online Transfers?

Once you have the IFSC Code ICIC0002235 for the Shabashpally branch of Icici Bank Limited in Medak, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ICIC0002235. Transfers are processed in batches. This is 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. Requires the recipient's account details and Icici Bank Limited IFSC Code ICIC0002235.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Icici Bank Limited Shabashpally in Medak may 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 Shabashpally, 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 Medak manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Shabashpally, Medak?

The IFSC Code is ICIC0002235.

Is the IFSC Code ICIC0002235 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Shabashpally branch?

The address of the branch is Icici Bank Ltd., Door No. 211, Shabashpally Village , Shivampet Mandal, Medak Dist.,.502334 located in Medak, Shivampet(Teh.Narsapur), 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.