The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Icici Bank Limited for its New Magdalla Road branch in Surat, Surat, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Icici Bank Limited located in Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code ICIC0007506. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Icici Bank Limited, New Magdalla Road, Surat
Here are the key points that are associated with the IFSC Code ICIC0007506 of Icici Bank Limited for its branch located in Surat, within the district of Surat in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Icici Bank Limited |
| IFSC Code | ICIC0007506 |
| Branch | New Magdalla Road |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | Icici Bank Ltd., Shop No. 1, Swastik Universal, Opp. Surat Central, New Magdalla, Surat.395007, Gujarat |
These details are essential not only for online banking users but also for businesses and individuals who use Icici Bank Limited in Surat for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ICIC0007506 for the New Magdalla Road branch of Icici Bank Limited plays 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, along with Icici Bank Limited located in New Magdalla Road, Surat, Gujarat, are given a unique IFSC like ICIC0007506 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Surat.
- 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 Surat and Surat.
- 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 New Magdalla Road goes to the correct branch. This is important because Icici Bank Limited has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ICIC0007506
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 New Magdalla Road in Surat.
For example, the IFSC Code ICIC0007506 of Icici Bank Limited for the New Magdalla Road branch includes these elements, identifying the bank and the branch location in Surat and Gujarat accurately.
How to Find IFSC Code for Icici Bank Limited?
If you are looking for the IFSC Code ICIC0007506 of Icici Bank Limited for its New Magdalla Road branch located in Surat, 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 Surat and Surat, 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 New Magdalla Road or Surat to get the exact IFSC Code ICIC0007506.
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 Surat, then it will provide you proper information.
How to Use IFSC Code ICIC0007506 for Online Transfers?
Once you have the IFSC Code ICIC0007506 for the New Magdalla Road branch of Icici Bank Limited in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ICIC0007506. 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 ICIC0007506.
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 New Magdalla Road in Surat, 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 New Magdalla Road, 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 Surat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ICIC0007506.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Icici Bank Ltd., Shop No. 1, Swastik Universal, Opp. Surat Central, New Magdalla, Surat.395007, Gujarat located in Surat, Surat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.