Citi Bank IFSC Code Chennai for Easy Fund Transfers

To make fund transfers from Citi Bank in Chennai easy and hassle-free, you need to know the IFSC code of your bank branch. The IFSC code for Citi Bank in Chennai is CITI0000001, which can be used for NEFT, RTGS, and IMPS transactions.

Having the IFSC code handy ensures that your transactions are processed quickly and efficiently. It's also a must-have information when transferring funds online or through mobile banking apps.

You can find your Citi Bank IFSC code on your cheque book or by visiting the bank's website. Once you have the IFSC code, you can use it to transfer funds to anyone with a bank account in India.

Citi Bank has a unique IFSC code for each branch in Chennai, which is CITI0000003. This code is used for electronic fund transfers and is assigned by the Reserve Bank of India.

The IFSC code is structured with the first four characters representing the bank's name, followed by the branch code, and a fifth character that is usually zero. The format of the IFSC code is as follows: Bank Code, 0, Branch Code.

Here is a list of the essential details for the Citi Bank branch in Chennai:

The format of the IFSC code is a crucial piece of information to understand when it comes to sending or receiving money using CITI Bank in Chennai. The IFSC code is an 11-character alphanumeric code, structured in a specific pattern.

The first four characters represent the name of the bank, while the last six characters represent the branch of the bank. You can think of it like a unique address for each branch.

The fifth character is generally a 0 (zero) reserved for future use. This is a standard format used by RBI (Reserve Bank of India) to assign a unique code to each branch.

Here's a breakdown of the format:

This format makes it easy to identify the bank and branch associated with the IFSC code.

CITI0000003 is the IFSC code for Citibank in Chennai. This unique 11-digit code is used for RTGS/NEFT/UPI/Mutual Fund transactions.

The IFSC code is assigned by RBI (Reserve Bank of India) to each branch, and it helps in carrying out transactions smoothly. You can find the IFSC and MICR codes for any Citi Bank branch printed on the cheque books issued by the bank.

The format of the IFSC code is structured in a pattern where the first four characters represent the name of the bank, while the last six characters represent the branch of the bank. The fifth character is generally 0 (zero) reserved for future utilisation.

Here's a breakdown of the IFSC code CITI0000003:

The MICR code for this branch is 600037002, which can be used for electronic transactions. The branch is located at No. 2, Club House Road, Chennai - 600002. The contact number for this branch is 28460014.

Finding your Citi Bank IFSC code is a straightforward process. You can find it on your cheque leaf and bank passbook.

To make it even easier, you can also check the Reserve Bank of India's website, where you can obtain a list of IFSC codes for banks and their respective branches.

If you're still having trouble finding your IFSC code, you can also visit the Citi Bank official website, where you can find the IFSC code for a particular bank.

IFSC code and MICR code are often used interchangeably, but they serve different purposes. IFSC code is used to identify bank branches for online transactions, while MICR code is used for cheque processing.

Both codes help identify bank branches in India, but they're used in different situations. IFSC code is used when sending money online, while MICR code is used when processing cheques.

Here's a key difference between the two codes: MICR code is machine-readable, making it easier for banking systems to identify the destination branch when a cheque is deposited.

While IFSC code is issued by RBI to identify bank branches, MICR code is also used by RBI to track bank transactions. This helps reduce discrepancies in transactions.

To summarize, IFSC code is used for online transactions and is issued by RBI, while MICR code is used for cheque processing and is also machine-readable.

To find the bank code, you can check your Citi Bank cheque leaf or bank passbook. The bank code is the first four characters of the IFSC code.

You can also obtain the list of banks and their respective branch list of IFSC codes from the Reserve Bank of India's website. This will give you an idea of the different bank codes available.

The bank code is actually the first four characters of the 11 alphanumeric IFSC code, which represents the name of the bank. The format of the IFSC code is structured in a specific pattern, where the first four characters represent the bank name, the fifth character is a zero, and the last six characters represent the branch of the bank.

Here's a breakdown of the IFSC code format to help you understand where the bank code fits in:

By checking your cheque leaf, bank passbook, or the Reserve Bank of India's website, you should be able to find the bank code for your Citi Bank IFSC code.

You can find the MICR code for any Citi Bank branch printed on the cheque books issued by the bank. Each cheque book has the IFSC code of the branch from where it has been issued.

If you don't have a cheque book, you can use IndiaLends to find the MICR code. This website provides information in a very easy format, and all you have to do is provide the bank name, state, district, and branch name to get the IFSC and MICR code.

IndiaLends will display the IFSC and MICR code for the bank you've chosen, along with other relevant information like the address and contact details of the bank.

Citi Bank customers can transfer funds using National Electronic Funds Transfer (NEFT), Real Time Gross Settlement System (RTGS) as well as IMPS platforms.

Citi Bank IFSC Code is assigned by RBI to each branch, helping in carrying out RTGS and NEFT transactions smoothly.

You can use either of these facilities to send money across different banks, different accounts, different states and different cities.

Citi Bank account holders can send and receive money electronically using their unique CITI Bank IFSC Code.

Fees & Charges for RTGS Transaction by Citi Bank are applicable for this service.