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 Aquem branch in South Goa, Margao, Goa, 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 South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code ICIC0003501. 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, Aquem, South Goa
Below in the table are the key details related to IFSC Code ICIC0003501 of Icici Bank Limited for its branch located in South Goa, within the district of Margao in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0003501 |
| Branch | Aquem |
| City | South Goa |
| District | Margao |
| State | Goa |
| Address | Icici Bank Ltd., 77.Rosemin Arcade, Near Cine Vishant, Martires Dias Road, Aquem Alto,.403601 |
These details are important not only for users using online banking but also for businesses and individuals who use Icici Bank Limited in South Goa for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ICIC0003501 for the Aquem branch of Icici Bank Limited is vital.
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, along with Icici Bank Limited located in Aquem, South Goa, Goa, are given a unique IFSC like ICIC0003501 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in South Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like South Goa and Margao.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Icici Bank Limited in Aquem goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Goa and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ICIC0003501
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): 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 Aquem in South Goa.
For example, the IFSC Code ICIC0003501 of Icici Bank Limited for the Aquem branch includes these elements, identifying the bank and the branch location in South Goa and Goa accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are trying to find the IFSC Code ICIC0003501 of Icici Bank Limited for its Aquem branch located in South Goa, 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
Most banks, including Icici Bank Limited branches in South Goa and Margao, print the IFSC and MICR codes 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 Aquem or South Goa to get the exact IFSC Code ICIC0003501.
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 South Goa, you'll get the correct details.
How to Use IFSC Code ICIC0003501 for Online Transfers?
Once you have the IFSC Code ICIC0003501 for the Aquem branch of Icici Bank Limited in South Goa, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0003501. 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 ICIC0003501.
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 Aquem in South Goa, 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 Aquem, 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 South Goa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0003501.
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., 77.Rosemin Arcade, Near Cine Vishant, Martires Dias Road, Aquem Alto,.403601 located in South Goa, Margao, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.