ICICI Bank IFSC Code & MICR Code

1. The first four digits of the code represents the name of the bank
2. And the next digit 'o' is kept aside for future use.
3. The last six characters are specifically representative of the concerned branch of ICICI.

Note that another branch in the same city and state will have a different IFSC code. IFSC code should be given for fund transfer initiated using net banking. If the right IFSC code is not keyed in, it can put the sender into trouble and hence knowing the payee/beneficiary IFSC code is a prerequisite for fund transfers across the country.

How to search for ICICI Bank IFSC & MICR Codes

1. IFSC code of each bank branch can be found printed on the cheque leaf that is issued by the home branch of the ICICI Bank customer
2. IFSC code can also be found on the bank website
3. Apart from the above two ways, ICICI IFSC Code can also be found online on third-party financial websites

BankBazaar is one of the websites that provide users a detailed list of all bank IFSC codes at the click of a button. The information can be obtained by visiting the website and choosing the 'Bank IFSC Code' option. This will redirect the user to the IFSC main page, where 4 drop down menus will be displayed. Here, the given details should be keyed in:

• Name of bank
• Select state
• Select district
• Select branch

Once the options are chosen, the IFSC code of the particular branch will be displayed along with the MICR code, address, and contact number.

How to Transfer Funds using ICICI Bank NEFT, RTGS & IMPS

Funds can be transferred using IFSC code through NEFT, RTGS and IMPS. To initiate a wire transfer, the following information is required:

1. Name of the payee/beneficiary
2. Bank name, branch and IFSC code
3. Account number of payee/ beneficiary

Before beginning the fund transfer process, it is mandatory to register the beneficiary and then go on to select the 'Fund Transfer' option. Once this is done, other details will have to be filled before authenticating the money transfer with an OTP or pin number. Mobile banking or internet banking can be used for all NEFT, IMPS or RTGS transactions.

National Electronic Funds Transfer (NEFT):

National Electronic Funds Transfers (NEFT) are done in batches and have a specific timing within which the funds are settled by ICICI. This process works based on Deferred Net Settlements and is done on an hourly schedule. The money is credited to the beneficiary on the same day, if the batch clearance is within the stipulated time frame. Otherwise the money is credited on the next working day.

The following modes can be used for transactions using NEFT:

1. Internet Banking
2. iMobile
3. m.dot
4. Pockets
5. Icicibankpay

Fees & Charges for NEFT Transactions by ICICI:

NEFT Transaction timings specified by ICICI:

Real Time Gross Settlement System (RTGS):

Real Time Gross Settlement System (RTGS) transfers are done on an individual transaction basis, i.e., the clearance of funds are schedules one by one. As per the standing instructions set, ICICI settles RTGS transactions within the current working day. RTGS is one of the fastest modes of fund transfers available and can be performed on completely secure platforms.The time frame to plan an RTGS transaction ahead of time is at least three working days. You can pay for transactions like Cash Management Transfer, Interest, Mortgage, Securities, Tax Payment, Hedging, Value Added Tax Payment, Supplier Payment and Trade Settlement Payment among others.

Fees & Charges for RTGS Transaction by ICICI:

Immediate Payment Service (IMPS):

The IMPS (Immediate Payment Service) from ICICI Bank aids you in transferring funds promptly and safely. You shall send cash using ICICI Net banking on an internet-powered computer, which facilitates you to transfer money from your ICICI account to any ICICI or other bank accounts. The recipient gets the cash almost instantly when you make a request. This service can be accessed any time of the day throughout the year.

Money can be sent via IMPS through the following means:

1. Internet Banking
2. IMobile
3. M.Dot

Information Required for Funds Transfer using any Payment Mode:

While making a NEFT or RTGS transaction with ICICI Bank, customers need to provide the below information:

1. Remittance Amount
2. ICICI Bank customer's account number
3. Beneficiary's bank name
4. Beneficiary's name
5. Beneficiary's Account number
6. Sender to receiver information
7. IFSC code of the beneficiary's bank branch.

About ICICI Bank

ICICI Bank is an international investment and financial services conglomerate with its base in Mumbai, the city that never sleeps, as well as strong presences in over 19 nations. Holding a proud second position in the Four Major Big Banks in the country if you go by its resources and market capitalization, ICICI provides a plethora of financial products and services for business and individual clients through various distribution channels and specialized affiliates. It has a pan-India network of 4050 area offices in India. As India's leading private sector institution, ICICI Bank offers money transfer solutions with a load of benefits through its Money2India service. This service is available to customers on ICICI's web portal and also through the Money2India mobile application. Remitters can transfer money in various currency units, depending on the country of residence.