Shri Basaveshwar Sahakari Bank Nyt.bagalkot
Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS BRANCH
+918354235311
Understanding IFSC Code: The Digital DNA of Shri Basaveshwar Sahakari Bank Nyt.bagalkot
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS
branch of Shri Basaveshwar Sahakari Bank Nyt.bagalkot, the code ICIC00SBSBN 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 ICIC00SBSBN 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 Shri Basaveshwar Sahakari Bank Nyt.bagalkot
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS
Payment Systems Supported by ICIC00SBSBN
| 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—587818002—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 Shri Basaveshwar Sahakari Bank Nyt.bagalkot in BAGALKOT typically follows the RBI holiday calendar. Digital transfers via ICIC00SBSBN 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 ICIC00SBSBN is the valid code for Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS at BAGALKOT, ensure the beneficiary name matches perfectly in your mobile banking app.
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Financial Tools
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Branch Context
- • Shri Basaveshwar Sahakari Bank Nyt.bagalkot IMPS Contact
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Platform Links
- • Anand Design DevBox
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