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 Raipurpanchbadi Naka branch in Raipur, Raipur, Chhattisgarh, 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 Raipur or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code ICIC0001346. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Icici Bank Limited, Raipurpanchbadi Naka, Raipur

Here are some of the key details that come with the IFSC Code ICIC0001346 of Icici Bank Limited for its branch located in Raipur, within the district of Raipur in the state of Chhattisgarh.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0001346
Branch Raipurpanchbadi Naka
City Raipur
District Raipur
State Chhattisgarh
Address Icici Bank Ltd., Arihant Complex, Shop No. 31/32, Opp. Ring Rd., Raipur Chhattisgarh.492001

These details are essential not only for online banking users but also for businesses and individuals who use Icici Bank Limited in Raipur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001346 for the Raipurpanchbadi Naka 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 ICIC0001346 is given to every bank branch, including Icici Bank Limited located in Raipurpanchbadi Naka, Raipur, Chhattisgarh, 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 Raipur.
  • 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 Raipur and Raipur.
  • 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 Chhattisgarh and the rest of India, which is why the IFSC Code ensures that transactions meant for Icici Bank Limited in Raipurpanchbadi Naka doesn't end up at another location.

Format of the IFSC Code ICIC0001346

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 Raipurpanchbadi Naka in Raipur.

For example, the IFSC Code ICIC0001346 of Icici Bank Limited for the Raipurpanchbadi Naka branch includes these elements, identifying the bank and the branch location in Raipur and Chhattisgarh correctly.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0001346 of Icici Bank Limited for its Raipurpanchbadi Naka branch located in Raipur, 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 Raipur and Raipur, 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 Raipurpanchbadi Naka or Raipur to get the exact IFSC Code ICIC0001346.

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 Raipur, then it will provide you proper information.

How to Use IFSC Code ICIC0001346 for Online Transfers?

Once you have the IFSC Code ICIC0001346 for the Raipurpanchbadi Naka branch of Icici Bank Limited in Raipur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0001346. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 ICIC0001346.

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 Raipurpanchbadi Naka in Raipur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Icici Bank Limited in Raipurpanchbadi Naka, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Raipur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Raipurpanchbadi Naka, Raipur?

The IFSC Code is ICIC0001346.

Is the IFSC Code ICIC0001346 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

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

What is the full address of the Raipurpanchbadi Naka branch?

The address of the branch is Icici Bank Ltd., Arihant Complex, Shop No. 31/32, Opp. Ring Rd., Raipur Chhattisgarh.492001 located in Raipur, Raipur, Chhattisgarh.

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.

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