Find Bank Of Ceylon IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
Electronic transfer methods are effortless and time-saving. But to redeem these services, you need to be aware of some essential bank credentials like the IFSC code. Your Bank of Ceylon IFSC code is the unique identification code assigned to your branch.
IFSC or the Indian Financial System Code consists of 11 digits and is issued by the bank under the guidance of the Reserve Bank of India, and it represents your bank branch. IFSC code facilitates paperless transactions through NEFT, RTGS, and IMPS. RBI also uses this code for the surveillance of your transactions to ensure complete security
MICR code, found on the cheque leaf, is another vital credential required to complete payments through cheque. There are many aspects related to these procedures, and to gain further insight on it, read the following guide.
Your Bank of Ceylon IFSC code is an 11 digit alphanumeric code and the Bank of Ceylon Head Office branch IFSC code is in the format ‘BCEY0000001’. This code has a subdivision of three parts, where the initial four digits are representative of your bank (BCEY), the fifth digit is a zero (0), always, and the last six digits denote your branch code (000001).
The IFSC code is mandatory to complete online fund transfers. It is also critical for the security of your payments as banks use it to track the transaction. Apart from that, it helps to identify the origination and final placement of your payment as well.
MICR or the Magnetic Ink Character Recognition technology is used to print MICR code. This MICR code is used to process, identify and clear cheques.
The nine digit code of the Bank of Ceylon Chennai Branch is ‘600331001.’ The first three digits (600) indicate the city name, aligned with the PIN code, the next three digits (331) represent the bank, and the last three digits (001) represent your branch. You can find the MICR code on your cheque leaf. It is printed on the bottom next to the cheque number.
Society for Worldwide Interbank Financial Telecommunication, also commonly known as SWIFT code, is among the Bank Identifier Codes (BIC). It is also an identification code used by banks to complete fund transfers internationally. It facilitates payments as well as helps in designating the branches involved.
The code is made of several characters and usually comprises 8-11 digits. For instance, the SWIFT code of Bank of Ceylon’s Chennai Branch is ‘BCEYIN5M XXX.’ This code can be segmented into four parts where the first four letters (BCEY) represent the bank name, the following two letters (IN) represent the country where the bank is located, the following two characters (5M) represent the head office of the bank, and the last three characters (XXX) represent the branch.
The SWIFT code is mandatory to complete international wire fund transfers, and it helps the banks to carry out interbank communication.
It would be favorable if you always had your credentials with you to redeem various banking services. Even though it might seem complicated to get a hold of it all, it is pretty simple. There are many easy ways to find these codes. They are explained below.
Find Your Bank is an online webpage where you can redeem several banking services. It is certainly among the easiest ways to obtain your bank credentials. To get your IFSC and MICR code, you need to visit their website and enter the following details-
Once you’re done with this procedure, you will get all the required codes. Another advantage is that Find Your Bank has a mobile application, which you can download and use anywhere anytime. Using the mobile app is even more convenient comparatively, and you get the codes in moments.
Your bank credentials are always present on your bank documents. The IFSC and MICR codes are printed on the bank passbook and cheque book. You can find it easily on the first page of your passbook and among the details mentioned in the cheque leaf. The SWIFT code is present in the bank statements of your account.
Reserve Bank of India contains the IFSC and MICR code of all branches of the banks located in India. You can find the codes by going to the official website of RBI and looking for adequate options.
You need to log in to the Netbanking or Mobile banking platform of your bank with the necessary credentials. When you log in, look for the available options and select the appropriate ones to obtain the codes.
The SWIFT code can be found on your bank statements either on paper or through the digital bank statement available in the online banking platform. You will be able to see the SWIFT code among the details mentioned in it.
If none of the mentioned procedures works for you, seek help from the customer care of your bank branch. They will help you accordingly. You can also approach your branch to make inquiries.
Paperless transactions are very significant in this era, considering evolving lifestyles and lack of time. The Bank of Ceylon IFSC code is vital to complete all these online transactions through NEFT, RTGS, and IMPS. There are added advantages to this as well as these payments are quick, reliable and can be made from anywhere.
To use these services, apart from the IFSC code, you will also need:
With these details, you can complete the transactions. Further information on each method is mentioned ahead.
The National Electronic Fund Transfer, abbreviated as NEFT, is a commonly used online transaction method. It was initiated by the Reserve Bank of India. NEFT carries out settlements in batches and follows the Deferred Net Settling or DNS system.
Bank of Ceylon NEFT service has the following features-
|Available throughout the year
Rs 5 for a transaction up to Rs 1 Lakh
Rs 25 for payments above 1 Lakh and above
|Maximum and Minimum limits
No limits applicable on NEFT
To initiate a payment through NEFT, visit the Netbanking or Mobile banking service of Bank of Ceylon. You have to log in to the respective platform with your credentials. Go to the NEFT option and enter the necessary details as mentioned to add a beneficiary. Look for the terms and conditions, read them, and after reviewing everything, complete the transfer.
Real-Time Gross Settlement or RTGS payment has settlements in real-time; that is, your transactions are completed at the time it is received. RTGS works based on an individual or gross system. RTGS payments are not reversible, and it is selected usually for higher amounts.
|Bank of Ceylon working hours
Rs 25 for 1 Lakhs to 5 Lakhs
Rs 50 for transactions above 5 Lakhs
|Minimum and maximum limit
The minimum limit is Rs. 2 lakhs
There is no maximum limit
In order to utilize the RTGS service, log in to the Netbanking or Mobile banking service of Bank of Ceylon with your username and password. As mentioned in the article, you will require the Bank of Ceylon IFSC code and other credentials needed for online transactions.
Select the RTGS fund transfer option and input the details in order to add the beneficiary and the transaction amount. Carefully read terms and conditions and click on confirm to complete the procedure.
IMPS or Immediate Payment Service is an instant electronic fund transfer option provided to you round the clock, even on bank holidays. It completes the transfers very quickly and conveniently at the same time. To use the IMPS service, visit the mobile banking or internet service of Bank of Ceylon and log in with your details.
Once you’re logged in, go to the IMPS payment option and make sure to have the credentials mentioned here.
|Contact branch as charges may vary
|Rs. 2 Lakhs
To use the IMPS service of Bank of Ceylon, go to the bank’s mobile application. Log in with your username and password. Look for the ‘IMPS’ option from the fund transfer menu. Enter all necessary details as explained above. For your verification, you will be required to enter a passcode that you will be provided with.
After verification, you will receive an affirmation text message containing your transaction number on your registered mobile number. Then your transaction would be completed. You can use this transaction number to track your transaction and to receive help in case any inconvenience occurs.
You can receive money similarly through these online transfer methods by providing the remitter required details.
Established on the 1st of August 1939, Bank of Ceylon is Sri Lanka’s first state-owned commercial bank located in Fort Colombo. Working for more than eight decades, this bank provides an array of options covering all sectors.
Bank of Ceylon holds a strong presence with over 645 branches spread throughout the country. It is among the top banking institutions in Sri Lanka and continuously provides its customers with special services. It is a dedicated bank and has proved to be reliable by acquiring a higher position in assets, deposits, and remittances of all currencies.
Bank of Ceylon provides several services to its customers. The main account types available in the bank are:
Eligibility- Resident individuals, Hindu undivided families, Minors above 10(eligible for a self-operated minor account)
Documents: Photographs, identification proof, other required documents for minors.
Eligibility- Resident individuals, Joint accounts, partnerships, firms, associations, religious institutions, etc. (as specified by RBI)
Documents: Photographs, identification proof, partnership deed, documents for associations and registrations, etc., as specified by the bank.
Visit the bank website for details on more schemes.
Yes, it is one of the most renowned banks in Sri Lanka and has a very customer-centric approach. It provides reliable and timely services to the customers, and in case of any inconvenience, you can approach the bank. Help is available at all times.
The full form of the IFSC is the Indian Financial System Code. It is a unique identification code that is assigned to your branch by the bank. The Reserve Bank of India uses this code to keep a check on the transactions. It is also used by the banks to acknowledge the branches involved in a transfer.
Apart from this, the IFSC code is mandatory for all electronic payment methods.
You can use the Netbanking or Mobile banking services of your bank to explore the fund transfer methods available online. You can send money through various options like NEFT, RTGS, and IMPS. You just need to keep in mind the procedure and details of each transaction method, as mentioned in the article.
MMID or the Mobile Money Identifier code is a seven-digit number that is issued by the respective bank for the customers registered on the Mobile banking platform. MMID code is mandatory to complete a successful IMPS transaction.
In case you forget the password, you need to visit the online banking platform of your bank. Go to the login option, and click on the forgot password link available there. Then you will be guided accordingly with the procedure you need to follow. Keep the bank credentials ready for the same.