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 Rbl Bank Limited for its Kandiwali branch in Greater Bombay, Greater Bombay, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Rbl Bank Limited located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code RATN0000053. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Rbl Bank Limited, Kandiwali, Greater Bombay
Here are some of the key details that come with the IFSC Code RATN0000053 of Rbl Bank Limited for its branch located in Greater Bombay, within the district of Greater Bombay in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Rbl Bank Limited |
| IFSC Code | RATN0000053 |
| Branch | Kandiwali |
| City | Greater Bombay |
| District | Greater Bombay |
| State | Maharashtra |
| Address | The Ratnakar Bank Ltd,Shri Building, 295, Shantilal Modi Road, Opp. Sindhi Colony,Near Mayur Talkies,Irani Wadi,Kandiwali (W), Mumbai ┬Û 400 067. |
These details are crucial, not just for online banking users but also for businesses and individuals who use Rbl Bank Limited in Greater Bombay for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code RATN0000053 for the Kandiwali 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 Kandiwali, Greater Bombay, Maharashtra, is provided a unique IFSC like RATN0000053 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Rbl Bank Limited branch in Greater Bombay.
- 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 Greater Bombay and Greater Bombay.
- 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Rbl Bank Limited in Kandiwali do not get misguided to another person.
Format of the IFSC Code RATN0000053
The format of the IFSC Code for banks, including Rbl Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Rbl 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 Kandiwali in Greater Bombay.
For example, the IFSC Code RATN0000053 of Rbl Bank Limited for the Kandiwali branch has these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.
How to Find IFSC Code for Rbl Bank Limited?
To find the IFSC Code RATN0000053 of Rbl Bank Limited for its Kandiwali branch located in Greater Bombay, the following methods can help you out:
Cheque Book
The cheque book issued by Rbl Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Rbl Bank Limited branches in Greater Bombay and Greater Bombay, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Rbl Bank Limited and go to the branch locator section. Then search for Kandiwali or Greater Bombay to find the exact IFSC Code RATN0000053.
Mobile Banking App
If you use Rbl 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 maintains an updated database of all IFSC codes. Searching for Rbl Bank Limited and Greater Bombay will provide accurate information.
How to Use IFSC Code RATN0000053 for Online Transfers?
Once you have the IFSC Code RATN0000053 for the Kandiwali branch of Rbl Bank Limited in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code RATN0000053. 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 Rbl Bank Limited IFSC Code RATN0000053.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Rbl Bank Limited Kandiwali in Greater Bombay, 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 Rbl Bank Limited in Kandiwali, 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 Rbl Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kandiwali Greater Bombay branch is RATN0000053.
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 The Ratnakar Bank Ltd,Shri Building, 295, Shantilal Modi Road, Opp. Sindhi Colony,Near Mayur Talkies,Irani Wadi,Kandiwali (W), Mumbai ┬Û 400 067..
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.