He/she has to provide the bank details such as bank name, branch, account number and the IFSC code of the payee. When a fund transfer is initiated by the payer be it NEFT, RTGS or IMPS. The following 6 characters 000027, identifies the specific branch of the bank.The first four digits of IFSC code identify the bank, here it is ICICI Bank.Assume the IFSC code of ICICI Bank, Mumbai branch is ICIC000027. Let’s find out how IFSC Code works while transferring money. Fund transfers are done through NEFT, RTGS and IMPS fund with a valid IFSC code. RBI has assigned IFSC codes specific to each bank and its branches. IFSC Code enables you to transfer money in a quick, easy and hassle-free manner.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |