ICICI Bank
MELCHENGAM BRANCH
+918939842146
Understanding IFSC Code: The Digital DNA of ICICI Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the MELCHENGAM
branch of ICICI Bank, the code ICIC0003023 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the ICIC0003023 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"ICIC" represents ICICI Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for MELCHENGAM
Payment Systems Supported by ICIC0003023
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code——is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The ICICI Bank in CHENGAM typically follows the RBI holiday calendar. Digital transfers via ICIC0003023 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While ICIC0003023 is the valid code for MELCHENGAM at CHENGAM, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • ICICI Bank Branch List
- • CHENGAM IFSC Codes
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Financial Tools
- • GST Calculator Online
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Branch Context
- • MELCHENGAM Contact
- • Address of ICICI Bank
- • MICR Code Finder
- • TAMIL NADU Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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