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 Koduvayur branch in Palakkad, Palakkad, Kerala, 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 Palakkad or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code ICIC0008245. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Icici Bank Limited, Koduvayur, Palakkad
The table below shows the main details of the IFSC Code ICIC0008245 for the Icici Bank Limited branch in Palakkad, which falls under the Palakkad district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0008245 |
| Branch | Koduvayur |
| City | Palakkad |
| District | Palakkad |
| State | Kerala |
| Address | Icici Bank Ltd Sreevalsam Arcade Kuzhalmannam Road Near Village Office 1 Koduvayur Palakkad 678501 |
These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Palakkad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0008245 for the Koduvayur 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, including Icici Bank Limited located in Koduvayur, Palakkad, Kerala, is provided with a unique IFSC like ICIC0008245 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Icici Bank Limited branch in Palakkad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Palakkad and Palakkad.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Kerala and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Koduvayur do not get mixed with another location.
Format of the IFSC Code ICIC0008245
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): These represent the bank code. In Icici Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Koduvayur in Palakkad.
For example, the IFSC Code ICIC0008245 of Icici Bank Limited for the Koduvayur branch has these elements, identifying the bank and the branch location in Palakkad and Kerala correctly.
How to Find IFSC Code for Icici Bank Limited?
If you are looking for the IFSC Code ICIC0008245 of Icici Bank Limited for its Koduvayur branch located in Palakkad, 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 Palakkad and Palakkad, 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 Koduvayur or Palakkad to get the exact IFSC Code ICIC0008245.
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 Palakkad, then it will provide you proper information.
How to Use IFSC Code ICIC0008245 for Online Transfers?
Once you have the IFSC Code ICIC0008245 for the Koduvayur branch of Icici Bank Limited in Palakkad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC0008245. 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 ICIC0008245.
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 Koduvayur in Palakkad, it can result in delayed or failed transactions.
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 Koduvayur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Palakkad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Koduvayur Palakkad branch is ICIC0008245.
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 Sreevalsam Arcade Kuzhalmannam Road Near Village Office 1 Koduvayur Palakkad 678501.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.