ICICI bank IFSC Code, New Delhi | Available Here
Industrial Credit and Investment Corporation of India or popularly known as ICICI bank is an Indian multinational banking and financial institution of India. It has its headquarter in Mumbai, Maharashtra, with its registered office in Vadodara. The bank offers wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life and non – life insurance, venture capital and asset management.
ICICI bank has a vast network of 4,850 branches, and 14,404 ATMs in India and has a presence in 19 countries including India.
IFSC Code of ICICI Bank, New Delhi
Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately.
The IFSC Codes follow two payment and settlement systems in India which are as follows:
- RTGS (Real Time Gross Settlement)
- NEFT (National Electronic Fund Transfer)
IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.
In IFS Code
- First four characters identify the bank name i.e. ICIC
- The fifth character is always 0
- And the last character represents the branch address i.e. 003543
[The IFSC Code used in above example is of Chhattarpur, New Delhi, i.e. “ICIC0003543”].
New Delhi is the capital city of India and regarded as the heart of the nation. The city is popular for its enriched culture and heritage. The city hosts some of the famous historical monuments and is developing with the passing of time.
