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 Rbl Bank Limited for its Daman branch in Daman, Daman, Daman And Diu, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Rbl Bank Limited situated in Daman or anywhere in Daman And Diu can easily transfer funds instantly by using the correct IFSC Code RATN0000130. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Rbl Bank Limited, Daman, Daman

Here are the main details that are associated with the IFSC Code RATN0000130 of Rbl Bank Limited for its branch located in Daman, within the district of Daman in the state of Daman And Diu.

Particulars Details
Bank Rbl Bank Limited
IFSC Code RATN0000130
Branch Daman
City Daman
District Daman
State Daman And Diu
Address The Ratnakar Bank Ltd,758.7.8,Gr.Floor, Opp.Paras Motors Mfg.Co.,Nr.Pakas Hotel, Somnath,Daman - 396210

These details are crucial, not just for online banking users but also for businesses and individuals who use Rbl Bank Limited in Daman for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code RATN0000130 for the Daman branch of Rbl 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 Rbl Bank Limited located in Daman, Daman, Daman And Diu, is provided a unique IFSC like RATN0000130 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Rbl Bank Limited branch in Daman.
  • 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 Daman and Daman.
  • 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 Daman And Diu and the rest of India, the IFSC Code ensures that transactions meant for Rbl Bank Limited in Daman do not get misguided to another person.

Format of the IFSC Code RATN0000130

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Rbl 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 Daman in Daman.

For example, the IFSC Code RATN0000130 of Rbl Bank Limited for the Daman branch includes these elements, identifying the bank and the branch location in Daman and Daman And Diu accurately.

How to Find IFSC Code for Rbl Bank Limited?

If you are looking for the IFSC Code RATN0000130 of Rbl Bank Limited for its Daman branch located in Daman, the following methods can help:

Cheque Book

The cheque book that is issued by Rbl 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 Rbl Bank Limited branches in Daman and Daman, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Rbl Bank Limited and look for the branch locator section, then search for Daman or Daman to get the exact IFSC Code RATN0000130.

Mobile Banking App

If you use Rbl 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 Rbl Bank Limited and Daman, then it will provide you proper information.

How to Use IFSC Code RATN0000130 for Online Transfers?

Once you have the IFSC Code RATN0000130 for the Daman branch of Rbl Bank Limited in Daman, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code RATN0000130. Transfers are processed in batches. This is suitable for 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 Rbl Bank Limited IFSC Code RATN0000130.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Rbl Bank Limited Daman in Daman may result in delayed or failed transactions.

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 Rbl Bank Limited in Daman, 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 Rbl Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Daman to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Rbl Bank Limited Daman Daman?

The IFSC Code of the Daman Daman branch is RATN0000130.

Is IFSC Code RATN0000130 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Rbl Bank Limited Daman branch?

The branch is located at The Ratnakar Bank Ltd,758.7.8,Gr.Floor, Opp.Paras Motors Mfg.Co.,Nr.Pakas Hotel, Somnath,Daman - 396210.

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.