Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Icici Bank Limited for its Kadegaon branch in Sangli, Kadegaon, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Icici Bank Limited located in Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ICIC0002016. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Icici Bank Limited, Kadegaon, Sangli

Here are the main details that are associated with the IFSC Code ICIC0002016 of Icici Bank Limited for its branch located in Sangli, within the district of Kadegaon in the state of Maharashtra.

Particulars Details
Bank Icici Bank Limited
IFSC Code ICIC0002016
Branch Kadegaon
City Sangli
District Kadegaon
State Maharashtra
Address Icici Bank Ltd., 123 1/2, Shukurwar Peth, Main Road, Kadegaon Taluka Kadegaon, Sangli Dist., Maharashtra.415304

These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Sangli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002016 for the Kadegaon branch of Icici Bank Limited has an important 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 Kadegaon, Sangli, Maharashtra, is provided a unique IFSC like ICIC0002016 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Icici Bank Limited branch in Sangli.
  • 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 Sangli and Kadegaon.
  • 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Icici Bank Limited in Kadegaon do not get misguided to another person.

Format of the IFSC Code ICIC0002016

This is the format of the IFSC Code for banks, including Icici Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Icici Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Kadegaon in Sangli.

For example, the IFSC Code ICIC0002016 of Icici Bank Limited for the Kadegaon branch includes these elements, identifying the bank and the branch location in Sangli and Maharashtra accurately.

How to Find IFSC Code for Icici Bank Limited?

If you are looking for the IFSC Code ICIC0002016 of Icici Bank Limited for its Kadegaon branch located in Sangli, 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 Sangli and Kadegaon, 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 Kadegaon or Sangli to get the exact IFSC Code ICIC0002016.

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 Sangli, then it will provide you proper information.

How to Use IFSC Code ICIC0002016 for Online Transfers?

Once you have the IFSC Code ICIC0002016 for the Kadegaon branch of Icici Bank Limited in Sangli, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0002016. 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 ICIC0002016.

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 Kadegaon in Sangli, 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 Kadegaon, 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 Sangli manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Icici Bank Limited in Kadegaon, Sangli?

The IFSC Code is ICIC0002016.

Is the IFSC Code ICIC0002016 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 Kadegaon?

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 Kadegaon branch?

The address of the branch is Icici Bank Ltd., 123 1/2, Shukurwar Peth, Main Road, Kadegaon Taluka Kadegaon, Sangli Dist., Maharashtra.415304 located in Sangli, Kadegaon, Maharashtra.

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.