IFSC Code of Icici Bank Limited, Shujalpur, Madhya Pradesh, Shujalpur, Madhya Pradesh- ICIC0001716

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Icici Bank Limited for its Shujalpur, Madhya Pradesh branch in Shajapur, Shujalpur, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Icici Bank Limited located in Shajapur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code ICIC0001716. 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, Shujalpur, Madhya Pradesh, Shajapur

The table below shows the main details of the IFSC Code ICIC0001716 for the Icici Bank Limited branch in Shajapur, which falls under the Shujalpur district in Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Icici Bank Limited in Shajapur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0001716 for the Shujalpur, Madhya Pradesh 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Icici Bank Limited located in Shujalpur, Madhya Pradesh, Shajapur, Madhya Pradesh, is provided with a unique IFSC like ICIC0001716 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Icici Bank Limited branch in Shajapur.
• 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 Shajapur and Shujalpur.
• 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 Shujalpur, Madhya Pradesh do not get mixed with another location.

Format of the IFSC Code ICIC0001716

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 Shujalpur, Madhya Pradesh in Shajapur.

For example, the IFSC Code ICIC0001716 of Icici Bank Limited for the Shujalpur, Madhya Pradesh branch has these elements, identifying the bank and the branch location in Shajapur and Madhya Pradesh correctly.

How to Find IFSC Code for Icici Bank Limited?

If you are trying to find the IFSC Code ICIC0001716 of Icici Bank Limited for its Shujalpur, Madhya Pradesh branch located in Shajapur, the following methods can help:

Cheque Book

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

Passbook

You can easily find the IFSC and MICR codes because most banks, including Icici Bank Limited branches in Shajapur and Shujalpur, print them on the first page of your passbook.

Bank Website

Visit the official website of Icici Bank Limited and navigate to the branch locator section. Search for Shujalpur, Madhya Pradesh or Shajapur to get the exact IFSC Code ICIC0001716.

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 keeps an updated list of all IFSC codes. If you search for Icici Bank Limited and Shajapur, you'll get the correct details.

How to Use IFSC Code ICIC0001716 for Online Transfers?

Once you have the IFSC Code ICIC0001716 for the Shujalpur, Madhya Pradesh branch of Icici Bank Limited in Shajapur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ICIC0001716. 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 ICIC0001716.

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 Shujalpur, Madhya Pradesh in Shajapur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Icici Bank Limited in Shujalpur, Madhya Pradesh, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Icici Bank Limited website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Shajapur manage online transfers as well as cheque clearances with ease.