Citi Ifsc Code Bangalore: A Guide to Banking

Citi IFSC code Bangalore is a crucial piece of information for those who want to make transactions with the bank.

The IFSC code for Citi Bank in Bangalore is CITI0002001, which is a unique identifier that helps in identifying the branch and facilitating transactions.

To find the IFSC code for your specific branch, you can check the Citi Bank website or visit the branch in person.

Citi Bank has several branches in Bangalore, each with its own IFSC code, so it's essential to ensure you have the correct code for your transactions.

The IFSC code of Citi Bank in Bangalore is a unique code assigned by the Reserve Bank of India to each branch. It enables account holders to send and receive money electronically.

You can find the IFSC code on a cheque leaf, bank passbook, or on the Citi Bank website. The MICR code, a 9-digit code printed on the last line of a cheque leaf, is also used for faster and secure processing of cheques.

The IFSC code CITI0000004 specifically identifies the Citi Bank branch in Bangalore, Bangalore, Karnataka. This code is used in Electronic Funds Settlement Systems: RTGS or NEFT.

Here are the details of the Citi Bank branch in Bangalore:

To search for Citi Bank IFSC codes, you can check your cheque books, or use online resources like IndiaLends, which provide easy-to-use formats for searching.

Searching and transferring funds with Citi Bank is a straightforward process. You can find the IFSC and MICR codes for any Citi Bank branch printed on the cheque books issued by the bank.

To transfer funds, Citi Bank customers can use National Electronic Funds Transfer (NEFT), Real Time Gross Settlement System (RTGS), and IMPS platforms. The minimum transfer limit for NEFT is Rs. 99,999, while RTGS allows transfers of a minimum of Rs. 2 lakh rupees.

To use NEFT, customers need to fill up the Fund Transfer Instruction form available at the bank, providing information such as the recipient's name, account number, bank name, branch, and IFSC code. The transaction charges for NEFT vary depending on the transfer amount, ranging from INR 2.50 + Applied Taxes for cash up to INR 10,000 to INR 25 + Applied Taxes for sums between INR 5 lakh and INR 10 lakh.

NEFT transactions can be made on all days except Sundays and 2nd and 4th Saturdays, between 8:00 AM to 6:30 PM. The IFSC code is essential for carrying out RTGS and NEFT transactions smoothly and is assigned by RBI to each branch.