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 Ins Shivaji branch in Raigad, Panvel, Maharashtra, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ICIC0007731. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Icici Bank Limited, Ins Shivaji, Raigad
Below in the table are the key details related to IFSC Code ICIC0007731 of Icici Bank Limited for its branch located in Raigad, within the district of Panvel in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0007731 |
| Branch | Ins Shivaji |
| City | Raigad |
| District | Panvel |
| State | Maharashtra |
| Address | Icici Bank Ltd., Ground Floor, Near Urc Complex, Adjacent To King And I, Ins Shivaji, Lonavala.410402, Maharashtra |
These details are essential not only for online banking users but also for businesses and individuals who use Icici Bank Limited in Raigad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0007731 for the Ins Shivaji branch of Icici Bank Limited plays 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 ICIC0007731 is given to every bank branch, including Icici Bank Limited located in Ins Shivaji, Raigad, Maharashtra, 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 Raigad.
- 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 Raigad and Panvel.
- 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Icici Bank Limited in Ins Shivaji doesn't end up at another location.
Format of the IFSC Code ICIC0007731
The format of the IFSC Code for banks, including Icici Bank Limited, has 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 Ins Shivaji in Raigad.
For example, the IFSC Code ICIC0007731 of Icici Bank Limited for the Ins Shivaji branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra correctly.
How to Find IFSC Code for Icici Bank Limited?
If you are looking for the IFSC Code ICIC0007731 of Icici Bank Limited for its Ins Shivaji branch located in Raigad, 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 Raigad and Panvel, 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 Ins Shivaji or Raigad to get the exact IFSC Code ICIC0007731.
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 Raigad, then it will provide you proper information.
How to Use IFSC Code ICIC0007731 for Online Transfers?
Once you have the IFSC Code ICIC0007731 for the Ins Shivaji branch of Icici Bank Limited in Raigad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ICIC0007731. 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 ICIC0007731.
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 Ins Shivaji in Raigad, 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 Ins Shivaji, 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 Raigad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0007731.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Icici Bank Ltd., Ground Floor, Near Urc Complex, Adjacent To King And I, Ins Shivaji, Lonavala.410402, Maharashtra located in Raigad, Panvel, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.