There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Icici Bank Limited for its Karannagar Srinagar branch in Srinagar, Srinagar, Jammu And Kashmir, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Icici Bank Limited situated in Srinagar or anywhere in Jammu And Kashmir can easily transfer funds instantly by using the correct IFSC Code ICIC0002527. You should 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, Karannagar Srinagar, Srinagar
Below in the table are the key details related to IFSC Code ICIC0002527 of Icici Bank Limited for its branch located in Srinagar, within the district of Srinagar in the state of Jammu And Kashmir.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0002527 |
| Branch | Karannagar Srinagar |
| City | Srinagar |
| District | Srinagar |
| State | Jammu And Kashmir |
| Address | Icici Bank Ltd., Main Road, Near Gole Market, Karan Nagar, Srinagar,Jammu And Kashmir.190010 |
These details help users in online banking and for businesses and individuals who use Icici Bank Limited in Srinagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0002527 for the Karannagar Srinagar branch of Icici Bank Limited has a very 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 Karannagar Srinagar, Srinagar, Jammu And Kashmir, is provided with a unique IFSC like ICIC0002527 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Icici Bank Limited branch in Srinagar.
- 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 Srinagar and Srinagar.
- 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 Jammu And Kashmir and the rest of India and the IFSC Code ensures that transactions meant for Icici Bank Limited in Karannagar Srinagar do not get mixed with another location.
Format of the IFSC Code ICIC0002527
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 Karannagar Srinagar in Srinagar.
For example, the IFSC Code ICIC0002527 of Icici Bank Limited for the Karannagar Srinagar branch has these elements, identifying the bank and the branch location in Srinagar and Jammu And Kashmir correctly.
How to Find IFSC Code for Icici Bank Limited?
If you are trying to find the IFSC Code ICIC0002527 of Icici Bank Limited for its Karannagar Srinagar branch located in Srinagar, the following methods can help:
Cheque Book
The cheque books that are issued by Icici Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Icici Bank Limited branches in Srinagar and Srinagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Icici Bank Limited and find the branch locator section. Search for Karannagar Srinagar or Srinagar to get the exact IFSC Code ICIC0002527.
Mobile Banking App
If you use Icici Bank Limited's mobile app, you can easily 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 to help you in searching for Icici Bank Limited and Srinagar that will provide accurate information.
How to Use IFSC Code ICIC0002527 for Online Transfers?
Once you have the IFSC Code ICIC0002527 for the Karannagar Srinagar branch of Icici Bank Limited in Srinagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0002527. 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 ICIC0002527.
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 Karannagar Srinagar in Srinagar, 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 Karannagar Srinagar, 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 Srinagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Karannagar Srinagar Srinagar branch is ICIC0002527.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Icici Bank Ltd., Main Road, Near Gole Market, Karan Nagar, Srinagar,Jammu And Kashmir.190010.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.