IFSC Code of Icici Bank Limited, Mandrem, Mandrem, Goa — ICIC0002616

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Icici Bank Limited for its Mandrem branch in North Goa, Mandrem, Goa, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Icici Bank Limited located in North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code ICIC0002616. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Icici Bank Limited, Mandrem, North Goa

Below in the table are the key details related to IFSC Code ICIC0002616 of Icici Bank Limited for its branch located in North Goa, within the district of Mandrem in the state of Goa.

These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in North Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002616 for the Mandrem 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Icici Bank Limited located in Mandrem, North Goa, Goa, is provided a unique IFSC like ICIC0002616 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Icici Bank Limited branch in North Goa.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like North Goa and Mandrem.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Goa and the rest of India, the IFSC Code ensures that transactions meant for Icici Bank Limited in Mandrem do not get misguided to another person.

Format of the IFSC Code ICIC0002616

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 Mandrem in North Goa.

For example, the IFSC Code ICIC0002616 of Icici Bank Limited for the Mandrem branch includes these elements, identifying the bank and the branch location in North Goa and Goa accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0002616 of Icici Bank Limited for its Mandrem branch located in North Goa, 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 North Goa and Mandrem, 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 Mandrem or North Goa to get the exact IFSC Code ICIC0002616.

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 North Goa, then it will provide you proper information.

How to Use IFSC Code ICIC0002616 for Online Transfers?

Once you have the IFSC Code ICIC0002616 for the Mandrem branch of Icici Bank Limited in North Goa, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0002616. 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 ICIC0002616.

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 Mandrem in North Goa, your payment can get delayed or might not go through at all.

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 Mandrem, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in North Goa to handle online money transfers and get their cheques cleared smoothly.