Find IFSC and MICR Code For Capital Small Finance Bank Limited in Daduwal

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Capital Small Finance Bank Limited
Punjab
Chandigarh
Delhi
Haryana
Punjab
Daduwal
Abohar
Adampur
Amritsar
Bajuha Khurd
Balachaur
Banga
Barnala
Bathinda
Begowal
Bhanoki
Bhogpur
Bilga
Chabbewal
Chak Hakim
Daduwal
Dakha
Dasuya
Dhaul
Doraha
Fatehgarh Sahib
Fatehpur
Gardhiwal
Garhi Kanugo
Garhshankar
Goraya
Hariana Bhunga
Hoshiarpur
Jagraon
Jalandhar
Jalbehri Dhumi
Jamsher
Jandiala Guru
Jundiala
Kala Sangian
Kapurthala
Kartarpur
Khanna
Khanpur Dhadda
Kotkapura
Lakhan Kalan
Lalheri
Lambra
Landran
Lohian Khas
Ludhiana
Machhiwara
Mahalpur
Mahatpur
Malerkotla
Malout
Malsian
Mansa
Meharban
Moga
Mohali
Mukerian
Muktsar
Nadala
Nakodar
Nawanshahr
Nurmahal
Parjian
Pathankot
Patiala
Pawa
Phagwara
Pharwala
Phillaur
Powadra
Rahon
Raikot
Rajpura
Rayya
Rehmanpur
Rourka Kalan
Rupnagar
Salarpur
Samrai
Samrala
Sangrur
Shahkot
Shanker
Sultanpur Lodhi
Tahli
Talwandi Sanghera
Thakkarwal
Tut Kalan
Uggi
Uppal Jagir
Urmar Tanda
Daduwal
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What is IFSC Code?

IFSC code, short for Indian Financial System Code, is 11 digit character or alphanumeric code used in electronic fund transfer within the different banks and their branches in India.

The IFSC or IFSC code, as its widely known, is used for the identification of different banks and branches. Out of the 11 characters, the first four are bank codes, and the last six are branch codes. This leaves out the fifth character, which is currently designated as zero and is reserved for any future use.

NEFT

National Electronic Funds Transfer

IMPS

Immediate Payment Service

RTGS

Real-Time Gross Settlement

IFSC codes in India are used for these three primary services. IFSC also helps in the Unified Payments Interface or UPI payment system as well.

An example of an IFSC Code will be SBIN0000AABB. Where the first four denote the bank, in this instance, SBI, and the last would be the branch.

What are the major differences between a IFSC code and MICR code?
IFSC CodeMICR Code
The purpose of IFSC code is to help facilitate electronic transfer of fundsMICR code's purpose is to process cheques faster through ECR
IFSC codes has 11 alpha numeric charactersMICR has 9 digit code
The first 4 characters of IFSC is the Bank's codeThe bank is signified by the 4th, 5th and 6th digits of the code

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Most Frequently Asked Questions?

Let's Explore the Most Frequently Asked Questions on IFSC & MICR

Indian Financial System Code is the expanded form of the IFSC code.

We can identify the Bank from the first 4 characters of the IFSC code.

An IFSC code contains alphanumeric characters.

An IFSC code contains alphanumeric characters.

The major parts of the IFSC code are the bank code and branch code.

A SWIFT code is used for transferring funds on an International level.

The major electronic payment systems in India are NEFT, RTGS, IMPS, and UPI.

The Reserve Bank of India provides a unique 11-digit IFSC code to the banks.

There is no minimum amount you can transfer under NEFT under retail banking and corporate banking

The maximum amount you can transfer under NEFT under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

INR 2 lakhs is the amount you can transfer under RTGS under retail banking.

The maximum amount you can transfer under RTGS under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

In a vast country like India, there are numerous cities and towns with the same name, some of them even in the same district. Thus to correctly identify the right or the proper branch, IFSC codes can help out easily by dedicating a specific code for each branch.

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