IFSC code for Industrial and Commercial Bank of China, Rtgs-ho, Mumbai, Maharashtra
Updated on: Tuesday, October 1, 2024
IFSC CODE
ICBK0000001
Industrial and Commercial Bank of China
Rtgs-ho, Mumbai, Maharashtra
Address
Unit 801,8th Floor,a Wing,one Bkc,plot No C 66,g Block,bandra Kurla Complex,bandra (e),mumbai 400051
Industrial and Commercial Bank of China
Rtgs-ho, Mumbai, Maharashtra
Address
Unit 801,8th Floor,a Wing,one Bkc,plot No C 66,g Block,bandra Kurla Complex,bandra (e),mumbai 400051
Bank Details
IFSC Code
ICBK0000001
MICR Code
400229256
Bank Code
(Based on IFSC)
ICBK
Bank Code
(Based on MICR)
229
Contact
+912233155900
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IFSC Code of Industrial and Commercial Bank of China
Every Industrial and Commercial Bank of China branch in India has a unique Industrial and Commercial Bank of China IFSC Code. Industrial and Commercial Bank of China IFSC Code enables Industrial and Commercial Bank of China account holders to send and receive money electronically. Industrial and Commercial Bank of China IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Industrial and Commercial Bank of China IFSC Code ICBK0000001
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., ICBK, denotes the name of the bank which is Industrial and Commercial Bank of China.
The fifth character is 0.
The last six digits of the code, i.e., 000001, represents the branch which is Industrial and Commercial Bank of China
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MICR Code of Industrial and Commercial Bank of China
Every Industrial and Commercial Bank of China branch in India has a unique Industrial and Commercial Bank of China MICR Code. MICR code for Industrial and Commercial Bank of China can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Industrial and Commercial Bank of China. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
