Select Branch for Kotak Mahindra Bank in Hyderabad, Telangana
Choose a branch to view IFSC code and details
A S Rao Nagar
KKBK0RCUB06
RAJADHANI COOP BANK AS RAO NAGAR HYDERABAD TELANGANA 500062
A S Rao Nagar
KKBK0000565
GR FLOOR, SHREEJA CLASSIC, PLOT NO. 51. H NO. 1-6-51/E/1, ANUPURAM MAIN RD ( AS ROA NAGAR), KAPRA VILLAGE & CIRCLE, GHMC, HYDERABAD-500038
Abid Road Hyderabad
KKBK0007451
NO 4 1 317 TO 319 TROOP BAZAR ABID ROAD HYDERABAD 500001
Ameerpet Hyderabad
KKBK0007453
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, 7-1-211/A, OPP. RELIANCE FRESH, BALKAMPET ROAD, AMEERPET, HYDERABAD - 500038, TELANGANA
AttaPur
KKBK0RCUB05
RAJADHANI COOP BANK ATTAPUR HYDERABAD TELANGANA 500048
Banjara Hills Earlier PrashantNagar Branch Hyderabad
KKBK0007478
HOUSE NO.8-2-682/B-5, ROAD NO.12, BANJARA HILLS, HYDERABAD-500034
Banjara Hills Hyderabad
KKBK0007461
8 2 120 76 1 B GROUND FLOOR ASHOKA HITECH CHAMBERS ROAD NO 2 BANJARA HILLS HYDERABAD 500034
Bhel Township Hyderabad
KKBK0007467
1315 BHEL MIG COLONY RAMACHANDRAPURAM HYDERABAD 502032
Champapet Hyderabad
KKBK0007474
KOTAK MAHINDR BANK LTD, 17-1-362/BR/1/16, BRINDAVAN COLONY, CHAMPAPET MAIN ROAD, CHAMPAPET, HYDERABAD - 500079
ChandaNagar Main Road Branch
KKBK0007489
GR FLR SHOP NO G 1 AND G 2 TEJHA HEIGHTS NO 4 89 AND 4 89 1 SURVEY 379 A OPP SWAGATH HOTEL HYDERABAD
Chikkadapally Hyderabad
KKBK0007455
NO 1 1 191 A 6TH CROSS OPP MORE SUPER MARKET CHIKKADAPALLY HYDERABAD 500020
DilsukhNagar
KKBK0000563
GROUND FLOOR, H.NO 3-8/1, HANUMAN NAGAR, CHAITANYAPURI, DILSUKHNAGAR, HYDERABAD - 500 036
DilsukNagar Hyderabad
KKBK0007472
PRAGATHI COLLEGE FOR WOMEN PREMISES GADDIANNARAM X ROAD DILSUKNAGAR HYDERABAD 500660
GandhiNagar Hyderabad
KKBK0007473
KOTAK MAHINDRA BANK LTD, UPPER GROUND FLOOR, SHOP NO 1-4-750/101,102,103 SAMYUKTA BREEZE HEIGHTS, BAKARAM, MUSHEERABAD, HYDERABAD - 500020
HayathNagar
KKBK0RCUB10
PLOT.NO.1, PRIYADERSHINI COLONY, KUNTLOOR ROAD, HAYATNAGAR-500070.
Hema Nagar
KKBK0RCUB09
H.NO-20-128/20/9, PLOT NO.12, HEMA NAGAR, HYDERABAD-500092.
Hi Tech City Branch
KKBK0007494
GR FLR PLOT 5A JUBILEE ENCLAVE HITECH CHAAR MINAR HITECH CITY KONDAPUR RD MADHAPUR HYDERABAD 500045
HimayatNagar Hyderabad
KKBK0007463
3 6 140 GROUND FLOOR MAIN ROAD WARD NO 6 HIMAYATNAGAR HYDERABAD 500029
Hyderabad - Sattva Corp Park
KKBK0007512
KOTAK MAHINDRA BANK LTD, 2, KNOWLEDGE CITY, OCTAVE BLOCK, SERILINGAMPALLY MANDAL, RAIDURG, HYDERABAD - 500081. TELANGANA
Hyderabad - Serilingampalle
KKBK0008413
KOTAK MAHINDRA BANK LTD, SHOP NO. G1 - G3, SRI SAI KRISHNA ARCADE, OLD MUMBAI HIGHWAY, GULMOHAR PARK COLONY, SERILINGAMPALLE, HYDERABAD - 500019, TELANGANA.
Hyderabad - Uppal
KKBK0007515
KOTAK MAHINDRA BANK LTD, 2-3-35, HANUMASAI NAGAR, LAXMA REDDY COLONY, UPPAL, HYDERABAD - 500039. TELANGANA
Hyderabad AttaPur
KKBK0007509
KOTAK MAHINDRA BANK LTD, ARCHIES RAINBOW, UPPERPALLY, ATTAPUR, HYDERABAD - 500048. TELANGANA
Hyderabad BalaNagar
KKBK0007497
GROUND FLOOR DOOR NO 627 1 PLOT NO 1 B6 PART SURVEY NO 712 P AISWARYA TOWERS SVCIE KUKATPALLY BALANAGAR HYDERABAD 500037
Hyderabad Begum Bazar
KKBK0007499
15 8 234 7 NIAMATH PLAZA GOSHAMAHAL ROAD BEGUM BAZAR HYDERABAD 500012
Hyderabad Begumpet
KKBK0007496
UPPER GROUND FLOOR ASHOKA BHOPAL CHAMBERS OLD NO146A SARDAR PATEL ROADPRENDERGHAST ROAD BEGUMPET WITHIN GHMC CIRCLE NO 30 HYDERABAD 500 003
Hyderabad Botanical Garden Road
KKBK0008398
KOTAK MAHINDRA BANK LTD 63 AND 64 SURVEY NO 191 DCL LAYOUT KONDAPUR VILLAGE HYDERABAD 500084 TELANGANA
Hyderabad Financial District
KKBK0008401
KOTAK MAHINDRA BANK LTD 2 THE DISTRICT FINANCIAL DISTRICT PUPPALAGUDA GANDIPET MANDAL HYDERABAD 500032 TELANGANA
Hyderabad Gachibowly
KKBK0000555
DOOR NO 1 13 2 1 13 2 1 KONDAPUR ROAD GACHIBOWLY HYDERABAD TELANGANA 500032
Hyderabad Jubilee Hills Film Nagar
KKBK0007479
Kotak Mahindra Bank Ltd, Dwaraka Square, Door No. 8-2-293/82/J-111/21, Plot No 21, Road No 71, Jubilee Hills Co-op Housing Society Ltd, Jubilee Hills, Film Nagar, Hyderabad, Telangana. 500033
Hyderabad Jubilee Hills Film Nagar
KKBK0007485
CHANDRALOK A 12 ROAD NO 2 FILM NAGAR JUBILEE HILLS HYDERABAD TELANGANA 500 033
Hyderabad Kavuri Hills
KKBK0000561
PLOT NO 49 B HOUSE NO 1 63 4 PHASE II KAVURI HILLS HYDERABAD AND TELANGANA 500081
Hyderabad Kokapet
KKBK0007503
KOTAK MAHINDRA BANK LTD 5 BRINDAVAN COLONY KOKAPET GANDIPET ROAD NARSANGI HYDERABAD 500075 TELANGANA
Hyderabad Manikonda
KKBK0007505
KOTAK MAHINDRA BANK LTD SURVEY NO 262 E G8 G9 LANCO HILL ROAD MANIKONDA HYDERABAD 500089 TELANGANA
Hyderabad MiyaPur Road
KKBK0007502
KOTAK MAHINDRA BANK LTD G2 AND G4 MANISAI KALYAN ARCADE BALAJI MANDIR MIYAPUR X ROAD HYDERABAD 500050 TELANGANA
Hyderabad Nagole
KKBK0007508
KOTAK MAHINDRA BANK LTD, 15 & 16, MADHURA PADMAVATHI HUB, SAI NAGAR, LB NAGAR, HYDERABAD - 500074. TELANGANA
Hyderabad SainikPuri
KKBK0007516
KOTAK MAHINDRA BANK LTD, 953, H.NO. 37-18/9/1/A, DEFENCE COLONY, SAINIKPURI, HYDERABAD - 500094. TELANGANA
Hyderabad Sr Nagar
KKBK0007511
KOTAK MAHINDRA BANK LTD, 8-3-215/10 & 11, SANJEEV REDDY NAGAR, HYDERABAD - 500038. TELANGANA
Hyderabad- Gopanapally
KKBK0007514
KOTAK MAHINDRA BANK LTD, DOOR NO 1-4, SERILINGAMPALLY, GOPANAPALLY - NALAGANDLA ROAD, HYDERABAD - 500107. TELANGANA
Jublee Hill
KKBK0000564
NO.8-2-293/82/A/237, PLOT NO NO.237, ROAD NO. 36, JUBLEE HILL CO- OPEATIVE HOUSING SOCIETY, SURVEY NO. 102/1, CIRCLE 10, JUBLEE HILL, GHMC HYDERABAD-500034
Karmanghat
KKBK0RRUB03
H NO 10 1 81 1 RAGHAVENDRA NAGAR COLONY LINGOJIGUDA KARMANGHAT RANGA REDDY DISTRICT HYDERABAD 500079
Khairatabad Venkataramana Colony Hyderabad
KKBK0007468
6 3 636 GROUND FLOOR PERIKA BHAVAN RAJ BHAVAN ROAD OPP FLYOVER KHAIRATABAD HYDERABAD 500004
Kphb Hyderabad
KKBK0007475
KOTAK MAHINDRA BANK LTD, UPPER GROUND FLOOR, UMA RAJESWAR PLAZA, PLOT NO-76, 9TH PHASE, NEAR FORUM, SUJANA MALL, KPHB COLONY, HYDERABAD, 500 072
Kukatpally
KKBK0RCUB08
NO.3-6-23/2, AT VIVEKANANDA NAGAR,COLONY,KUKATPALLY , HYDERABAD- 500072
Kukatpally Hyderabad
KKBK0007457
12 6 2 219 1 JAYA COMPLEX KUKATPALLY HYDERABAD 500072
MadhaPur Hyderabad
KKBK0007466
KOTAK MAHINDRA BANK LTD GROUND FLOOR OFFICE NO 103 PREMIER BUILDING PLOT NO 35 36 41 AND 42 SURVEY NO 76 MADHAPUR VILLAGE SENILINGAMPALLY MANDAL RANGA REDDY DISTRICT HYDERABAD – 500081 TELANGANA
Malakpet Branch Hyderabad
KKBK0007446
GROUND FLOOR, DOOR NO. 16-10-1/S/46, PLOT NO 46, SAI KRUPA MARKET, MAHABOOB MANSION, MALAKPET - 500036, HYDERABAD, ANDHRA PRADESH.
Malkajgiri Hyderabad
KKBK0007458
4 193 194 GEETHANAGAR COLONY NEAR ANUTEX MALKAJIGIRI HYDERABAD 500047
Nacharam Hyderabad
KKBK0007470
4 4 82 22 SRI BOOT MAKER SHOW ROOM OPP MORE MARKET VEERA REDDY NGR NACHARAM MAIN RD HYDERABAD 500076
Navabharat Co Op Urban Bank Ltdbalaji Nagar
KKBK0NCUB02
NAVABHARAT CO-OPERATIVE URBAN BANK LTDBALAJI NAGARNAVABHARAT COOP BANK,SAI BABA ARCH ROAD,BALAJI NAGAR,JAHAWAR NAGAR POST,SECUNDERABAD. PIN - 500087, A.P
Paradise Circle Branch
KKBK0007533
GROUND FLOOR DEVAKI CHAMBERS SHOP NOS 1 2 26 27 28 29 30 AND 31 DOOR NO 1 7 74 TO 1 7 79 SAROJINI DEVI ROAD OPP PARADISE CIRCLE SECUNDERABAD 500003
Pattancheru
KKBK0007454
12 1 SUSHEERAM HOTEL COMPLEX MUMBAI HIGHWAY PATTANCHERU 502319
Punjagutta Branch
KKBK0007492
PLOT NO 4 NERELLA HOUSE NAGARJUNA HILLS NAGARJUNA CIRCLE PUNJAGUTTA HYDERABAD 500082
Rajadhani Co Operative Urban Bank Ltd Begum Bazar
KKBK0RCUB02
RAJADHANI CO OPERATIVE URBAN BANK LTD BEGUM BAZAR H NO 15 8 216 AND 217 SRI RAM COMPLEX DOODKHANA BEGUM BAZAR HYDERABAD 500012
Rajadhani Co Operative Urban Bank Ltd HasthinaPuram
KKBK0RCUB04
RAJADHANI CO OPERATIVE URBAN BANK LTD 8 7 91 1 NAVEENA JUNIOR COLLEGE BUILDING NAGARJUNA SAGAR RD HASTHINAPURAM HYDERABAD 500074
Rajadhani Co Operative Urban Bank Ltd MadhaPur
KKBK0RCUB07
H NO 1 98 90 24 1 AYYAPPA SOCIETY ROAD MADHAPUR HYDERABAD 500081
Rajadhani Co Operative Urban Bank Ltd Ramakrishna Puram
KKBK0RCUB03
RAJADHANI CO OPERATIVE URBAN BANK LTD RAMAKRISHNA PURAM H NO 11 13 1425 VNR COMPLEX RAMAKRISHNAPURAM KOTHAPET HYDERABAD 500035
RamanthaPur Hyderabad
KKBK0007477
KOTAK MAHINDRA BANK LTD, UPPER GROUND FLOOR & FIRST FLOOR, H NO. 1-4-60/A, STREET NO. 8, HABSIGUDA, HYDERABAD - 500007
SanathNagar Hyderabad
KKBK0007469
KOTAK MAHINDRA, SVSS NIVAS, NO.7-2-1813/5/A/1, CZECH COLONY, FATEH NAGAR VILLAGE, HYDERABAD, TELANGANA, PIN CODE - 500018
Sardar Patel Road Hyderabad
KKBK0007456
1 7 1 T SUBBARAMI REDDY COMPLEX SARDAR PATEL ROAD SECUNDERABAD 500003
SaroorNagar Hyderabad
KKBK0007462
KOTAK MAHINDRA BANK LTD, 1-1-584, KAUSTHUBH TOWERS, CTO COLONY, KOTHAPET, HYDERABAD - 500035, TELANGANA
Secunderabad
KKBK0000554
9-1-129/2, OXFORD PLAZA, SAROJINI DEVI ROAD, SECUNDERABAD - 500 003.
Secunderabad Hyderabad
KKBK0007450
KOTAK MAHINDRA BANK LTD, H.NO 3-2-271 TO 3-2-273,PLOT NO. 6920 & 6924, SOMASUNDARAM STREET, OPP. ANJALI THEATRE, GENERAL BAZAAR, SECUNDERABAD, HYDERABAD - 500003
Secunderabad Ranigunj
KKBK0007534
GROUND FLOOR H NO 2 2 150 2 2 150A 2 2 150B 2 2 15011 SITUATED AT JAMES STREET RANIGUNJ MG ROAD SECUNDERABAD 500003
Secunderabad Suchitra Circle
KKBK0007535
GROUND FLOOR PLOT NO C 5 OPPOSITE EXCELLENCY GARDEN PETBASHEERABAD MEDCHAL SECUNDERABAD 500 015
Shaikpet Branch
KKBK0007487
GROUND FLOOR R 3 ICON BUILDING OPP HUSSAIN SHAHWALI DARGAH SHAIKPET HYDERABAD 500 038
Shamshabad Hyderabad
KKBK0007476
23 171 1 GROUND FLOOR SANTOSH REDDY COMPLEX INTERNATIONAL AIRPORT ROAD SHAMSHABAD HYDERABAD 501218
Siddiamber Bazar
KKBK0TMCB02
H.NO.15-2-448/1, KISHANGUNJ, SIDDIAMBER BAZAR, HYDERABAD , TELANGANA - 500012
Siddiamber Bazar Hyderabad
KKBK0007452
NO 5 3 935 TO 937 AND 855 G S ESTATES N S ROAD HYDERABAD 500001
Somajiguda - Hyderabad
KKBK0000552
JEWEL PAWANI TOWER,6-3-1109/1/P-G2,SOMAJIGUDA,HYDERABAD - 500 082
Sri Nagar Colony Branch
KKBK0007488
UPPER GR FLOOR FLAT NO 101 8 3 93 PLOT NO 130 SARASVATHI PALAZA SRI NAGAR COLONY HYDERABAD 500073
The Agroha Co Operative Urban Bank Limited BalaNagar
KKBK0ACUB02
THE AGROHA CO OPERATIVE URBAN BANK LIMITED BALANAGAR BRANCH 6-3-124/A, OPP. HPCL PETROL PUMP FATEHNAGAR X ROADS BALANAGAR HYDERABAD 500037.
The MahaNagar Co Operative Urban Bank Limited Mehdipatnam
KKBK0MCUB02
THE MAHANAGAR CO OPERATIVE URBAN BANK LIMITED MEHDIPATNAM 10-3-13 FAMOUS PLAZA HUMAYAUN NAGAR, OPP HUMAYUN NAGAR POLICE STATION MEHDIPATNAM 500028
The MahaNagar Co Operative Urban Bank Limited Sanjeev Reddy Nagar
KKBK0MCUB03
THE MAHANAGAR CO OPERATIVE URBAN BANK LIMITED SANJEEV REDDY NAGAR 248/3RT SANJEEV REDDY NAGAR X ROADS 500038
The Model Cooperative Urban Bank Ltd
KKBK0TMCB01
H No 13 5 23 DURGANAGAR DILSUKHNAGAR HYDERABAD 500060
Turkayamjal
KKBK0RRUB02
H NO 2 14 7 RAGHAVENDRA NAGAR COLONY, TURKAYAMJAL, ABDULLAPURMET MANDAL, RANGA REDDY DISTRICT 501510
VanasthaliPuram Hyderabad
KKBK0007460
PLOT NO 6 S F COLONY VANASTHALIPURAM HYDERABAD 500070
What are Kotak Mahindra Bank IFSC Codes?
The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.
The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.
How to Read the Structure of the Kotak Mahindra Bank IFSC Code
The IFSC code is an 11-character code consisting of three distinct elements:
- First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
- Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
- Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.
Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.
How to Locate an Kotak Mahindra Bank IFSC Code
Locating an IFSC code is relatively straightforward and can be done using any of the following methods:
- Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
- Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
- Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
- Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
- Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
- RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.
Importance of IFSC Code in Fund Transfers
The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:
- NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
- RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
- IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
- Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.
Benefits of Using IFSC Code
Here are the main benefits of IFSC codes you must know:
- Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
- Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
- Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.
Procedure to Perform Kotak Mahindra Bank Fund Transfer Using IFSC Code
Fund transfer using an IFSC code is a simple yet vital process:
- Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
- Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
- Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
- Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
- Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.
How to Open a Kotak Mahindra Bank Bank Account
Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:
Eligibility Criteria
- Any citizen over 18 years old is eligible to open a bank account.
- In the case of minors, parents or guardians can open an account on their behalf.
- Non-residents are also eligible, provided they fulfill certain conditions established by the banks.
Required Documents
- Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
- Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
- PAN Card: A PAN card is required for tax compliance.
- Passport Size Photographs: Usually, two to three recent photographs are needed.
- Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.
Process to Open an Account
- Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
- Fill Out the Form: Complete the account opening form with your personal information.
- Submit Documents: Provide documents verifying your identity and address.
- Initial Deposit: Make an initial deposit if required by the specific type of account.
- Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
- Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.
Loan EMI Calculator: Importance and Types
For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.
Loan Calculators
- Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
- Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
- Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
- Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
EMI Calculators
- EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
- EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
- EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.
Interest Calculators
- Interest calculator yearly: Calculates the annual interest on loans or investments.
SIP Calculators
- SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
- SIP Calculator Return: Estimates the returns on SIP investments.
- SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
- SIP Calculator Months: Provides monthly breakdowns of SIP investments.
- SIP Calculator Online: An online tool for calculating SIP returns.
- SIP Calculator Yearly: Offers yearly projections of SIP returns.
PPF Calculators
- PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
- PPF Generator: Generates detailed reports on PPF investments.
- PPF Calculator 15 Years: Estimates returns over a 15-year period.
- PPF Calculator 30 Years: Projects returns over a 30-year period.
Conclusion
An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.
Frequently Asked Questions (FAQs)
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.
The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.
You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.
Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.
In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.
No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.
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