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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Rbl Bank Limited for its I C Colony, Mumbai branch in Mumbai, Mumbai, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Rbl Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code RATN0000506. 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 Rbl Bank Limited, I C Colony, Mumbai, Mumbai

Here are some of the key details that come with the IFSC Code RATN0000506 of Rbl Bank Limited for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Rbl Bank Limited
IFSC Code RATN0000506
Branch I C Colony, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Address Shop No. 1, Ground Floor, Buena Viesta Co-Operative Housing Society Limited, Cross Road, I C Colony, Borivali(W), Mumbai-400103

These details help users in online banking and for businesses and individuals who use Rbl Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code RATN0000506 for the I C Colony, Mumbai branch of Rbl 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, along with Rbl Bank Limited located in I C Colony, Mumbai, Mumbai, Maharashtra, are given a unique IFSC like RATN0000506 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Mumbai.
  • 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 Mumbai and Mumbai.
  • 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 Rbl Bank Limited in I C Colony, Mumbai goes to the correct branch. This is important because Rbl Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code RATN0000506

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 I C Colony, Mumbai in Mumbai.

For example, the IFSC Code RATN0000506 of Rbl Bank Limited for the I C Colony, Mumbai branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.

How to Find IFSC Code for Rbl Bank Limited?

To find the IFSC Code RATN0000506 of Rbl Bank Limited for its I C Colony, Mumbai branch located in Mumbai, 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 Mumbai and Mumbai, 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 I C Colony, Mumbai or Mumbai to find the exact IFSC Code RATN0000506.

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 Mumbai will provide accurate information.

How to Use IFSC Code RATN0000506 for Online Transfers?

Once you have the IFSC Code RATN0000506 for the I C Colony, Mumbai branch of Rbl Bank Limited in Mumbai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code RATN0000506. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Rbl Bank Limited IFSC Code RATN0000506.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Rbl Bank Limited I C Colony, Mumbai in Mumbai, it can 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 I C Colony, Mumbai, 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 Mumbai to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Rbl Bank Limited I C Colony, Mumbai Mumbai?

The IFSC Code of the I C Colony, Mumbai Mumbai branch is RATN0000506.

Is IFSC Code RATN0000506 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 I C Colony, Mumbai branch?

The branch is located at Shop No. 1, Ground Floor, Buena Viesta Co-Operative Housing Society Limited, Cross Road, I C Colony, Borivali(W), Mumbai-400103.

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.

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