An electronic fund transfer is convenient and can be initiated from anywhere if you have access to internet banking.Electronic fund transfer eliminates this problem entirely. If this happens, the check should be canceled and re-issued resulting in unnecessary hassles. Even in the case of local intra-city fund transfer, banks can take a maximum of three working days for crediting the account with the funds. Fund transfer via a check can take a maximum of 14 days if the bank branches are located in remote locations. In some cases, the funds are transferred on the next working day. In most cases, an electronic fund transfer is executed and the funds are transferred on the same day. The primary advantage of electronic fund transfer is speed.Enter the state (or union territory), followed by the city and district to view all bank branches in a particular location.Įlectronic fund transfer is superior as compared to a conventional fund transfer by check. Browse by bank location (state and/or union territory): You can also browse all banks in a particular location.Then select the state, followed by the city and district to locate a particular bank branch. Browse by bank name: You can browse our database sorted by bank name.Search with any of the bank branch details: You can search the site with the bank branch information in the search text-box at the top of the page to obtain the branch information.Maintains a comprehensive database of all major banks in India with their IFSC and MICR codes. In the example above, '010' stands for the T.Nagar branch.
Bank of maharashtra pimple saudagar phone no code#
Last three digits: The last three digits of the MICR code is used to identify the bank branch.All ICICI Bank Limited branches in any city will have '229' as the middle three digits. Next three digits: The next three digits of the MICR code is used to determine the bank.For instance, the pin-code of places within Chennai is 600-xxx the last three digits being numbers. Normally, it is the same as the pin-code of the city. First three digits: The first three digits of a MICR code determines the city in which the bank account is held.For instance, the MICR code of ICICI Bank Limited, T.Nagar branch, Chennai city, Tamil Nadu state is 600229010. The MICR code can be used to determine the bank branch in a manner similar to the IFSC code. It is possible to extract the information in the MICR code using a special check machine even if there is some writing or stamping on top of the MICR code.
It is a 9 digit numeric code that can be found on all checks and is printed using a special ink on the bottom of all checks and Demand Drafts (DD). MICR stands for Magnetic Ink Character Recognition. The MICR code is an older code that was introduced in the early 1980's to simplify fund transfer via checks or Demand Drafts (DD). ' 000462' is the ' PIMPLE SAUDAGAR' branch of "Bank Of Baroda".