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 Mandideep branch in Raisen, Mandideep, Madhya Pradesh, 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 Raisen or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code ICIC0001445. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Icici Bank Limited, Mandideep, Raisen

Here are the key points that are associated with the IFSC Code ICIC0001445 of Icici Bank Limited for its branch located in Raisen, within the district of Mandideep in the state of Madhya Pradesh.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0001445
Branch Mandideep
City Raisen
District Mandideep
State Madhya Pradesh
Address Icici Bank Ltd., B205, Ward No. 4, Main Road, Mandideep, Dist Raisen, Madhya Pradesh.462046

These details helps users in online banking and for businesses and individuals who use Icici Bank Limited in Raisen for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001445 for the Mandideep 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 Mandideep, Raisen, Madhya Pradesh, is provided with a unique IFSC like ICIC0001445 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Icici Bank Limited branch in Raisen.
  • 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 Raisen and Mandideep.
  • 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Mandideep do not get mixed with another location.

Format of the IFSC Code ICIC0001445

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 Mandideep in Raisen.

For example, the IFSC Code ICIC0001445 of Icici Bank Limited for the Mandideep branch has these elements, identifying the bank and the branch location in Raisen and Madhya Pradesh correctly.

How to Find IFSC Code for Icici Bank Limited?

To find the IFSC Code ICIC0001445 of Icici Bank Limited for its Mandideep branch located in Raisen, the following methods can help you out:

Cheque Book

The cheque book issued by Icici Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Icici Bank Limited branches in Raisen and Mandideep, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Icici Bank Limited and go to the branch locator section. Then search for Mandideep or Raisen to find the exact IFSC Code ICIC0001445.

Mobile Banking App

If you use Icici Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Icici Bank Limited and Raisen will provide accurate information.

How to Use IFSC Code ICIC0001445 for Online Transfers?

If you have the IFSC Code ICIC0001445 for the Mandideep branch of Icici Bank Limited in Raisen, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ICIC0001445. Transfers are processed in batches. 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. Asks for the recipient's account details and Icici Bank Limited IFSC Code ICIC0001445.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Icici Bank Limited Mandideep in Raisen, it may result in delayed or failed transactions.

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 Mandideep, 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 Raisen manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Mandideep, Raisen?

The IFSC Code is ICIC0001445.

Is the IFSC Code ICIC0001445 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

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

What is the full address of the Mandideep branch?

The address of the branch is Icici Bank Ltd., B205, Ward No. 4, Main Road, Mandideep, Dist Raisen, Madhya Pradesh.462046 located in Raisen, Mandideep, Madhya Pradesh.

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.