Find Capital Small Finance Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
In the earlier times, any kind of money transfer from one bank to another used to take days to happen. However, the evolution of the Indian banking sector has completely changed the way financial transactions used to take place. As a result, you only need either the Capital Small Finance Bank IFSC Code or MICR code to process online transfers from your bank to another bank in the blink of an eye.
The acronym IFSC stands for Indian Financial System Code (IFSC). The IFSC code is a unique 11-digit alphanumeric code (alphabets & digits both) that is unique for every bank. It is unique for the various branches of the banks across India. As referred to above, the IFSC code helps you in online funds transfers.
Such a code is unique for every Indian bank and its various branches. This is because it helps in locating the bank or its branch when you wish to use the various services to transfer funds online, For example, National Electronic Funds Transfer (NEFT), Real-time Gross Settlements (RTGS), IMPS, and Unified Payment Interfaces (UPI). Similarly, the MICR code facilitates the transfer of funds between two banks.
In the upcoming sections, find more information on Capital Small Finance Bank IFSC Code, MICR code, various online money transfer methods, and much more. So, let's dive straight into this.
As mentioned above, the Capital Small Finance Bank IFSC Code is an eleven-digit alphanumeric code issued by the Reserve Bank of India (RBI). It is issued to all the Indian banks and their various branches across PAN India. To know your Capital Small Finance Bank IFSC Code, you can look into your bank passbook, cheque book, or online bank statements.
Let us now break down this 11-digit alphanumeric code. In the IFSC code, the first four characters indicate the bank's name. The fifth digit is always zero and left blank for use in the future. Lastly, the last six digits of the Capital Small Finance Bank IFSC Code represent the branch of the bank. Consider an example.
The Capital Small Finance Bank branch located in Mohali, Punjab, IFSC Code is CLBL0000075. In this, the first four digits, i.e., "CLBL," represents the name of the bank, which is "Capital Small Finance Bank." The fifth digit is zero. The last six digits, i.e., "000012," represents the branch, i.e., the Roorkee branch.
Note that an IFSC code is important to initiate online fund transfer from your bank to another bank via any method like National Electronic Funds Transfer (NEFT), Real-time Gross Settlements (RTGS), and IMPS.
Similar to the IFSC code, you have another important code which is the MICR code. The MICR code is usually found on cheque books. It is printed at the bottom of the cheques using the MICR (Magnetic Ink Character Recognition) technology.
By using magnetic ink, it becomes easier to process online payments from one bank to another. The MICR code is a nine-digit code. Let us break down the code to understand it better:
Consider an example:
The MICR code of the Daryaganj branch of the Capital Small Finance Bank is 110545002. In this code, the first three digits, i.e., "110," denote the city (Daryaganj) code. The next three digits, i.e., "545," denote the bank, and the branch of the bank is represented by the last three digits, i.e., "002".
The MICR code can be found at the bottom of a cheque leaf or next to your cheque's number. Alternatively, you can access your Capital Small Finance Bank MICR code on the passbook of your savings account. Note that a MICR code is also required for quick and seamless transactions.
Are you looking to do quick online money transfers from your bank to another from the comfort of your home? If yes, you can use any of the above-mentioned methods. However, you must have the IFSC code and MICR code of your and the recipient's bank to do so.
If you do not know how to find these codes, below are the most common five ways to do so.
The website Find Your Bank is an ideal place to know any of your banking credentials, including the MICR and IFSC codes. Furthermore, you can easily restore several banking services with a few taps and from anywhere via the Find Your Bank website.
To do so, you need to enter the following details in their respective columns.
After you have selected the right options, click "Enter." If all your inputs are valid, the website will list out all the required details and codes according to your entries. If not their site, you can know the IFSC and MICR code of your Capital Small Finance Bank through their mobile application. You just need to follow the above procedure.
You can also find your IFSC and MICR codes from the various bank documents accessible to you. For example, the IFSC code can be found on the passbook and cheque book. To know your Capital Small Finance Bank MICR code, you can check the bottom of a cheque leaf or next to the cheque number.
You can also find your Capital Small Finance Bank IFSC Code and MICR code from the official website of RBI.
As you would know, banks are easily accessible through a vast range of devices, including your mobile. Hence, log in to your mobile banking or net banking portal, scroll down the desired section, enter the required details, and get the necessary information.
If none of the above methods work and you are still unable to find your IFSC and MICR codes, your last resort is to contact your bank on their customer care number. Your bank will surely help you out with all your queries.
If you are fed up with the old-school and cumbersome money transfer methods, which were time-consuming and ineffective, why not switch to electronic means for peace of mind? Yes, we're talking about the modern online transfer methods - NEFT, RTGS, and IMPS.
Not only these three methods are effective throughout the year but quickly too. All these money transfer methods let you transfer funds from one bank to another from anywhere and at any time. However, the following details are necessary for the above.
Continue reading to know more about all these services provided by the Capital Small Finance Bank:
The acronym NEFT stands for National Electronic Funds Transfer. Developed solely by the Reserve Bank Of India (RBI), the NEFT is a time-effective and convenient way to process online fund transfers from one bank to another bank in PAN India.
You can carry out an NEFT transfer either through net banking or mobile banking. The transaction charges for NEFT transfers in the Capital Small Finance Bank are as follows.
|Up to Rs. 10,000
|Rs. 2.5 for every transaction
|Rs. 10,000 to Rs. 1 lakh
|Rs. 5 for every transaction
|Rs. 1 lakh to Rs. 2 lakh
|Rs. 10 for every transaction
|Above Rs. 2 lakhs
|Rs. 10 + GST
Note that all the charges mentioned above don't include the service tax. Similarly, the NEFT transfers can be carried out from Monday to Saturday during hours as laid down by the Reserve Bank of India. There is no defined minimum or maximum limit for using the NEFT facility of the Capital Small Finance Bank. There are eleven hourly settlement batches.
The acronym RTGS represents Real-Time Gross Settlement. As its name suggests, a Real-Time Gross Settlement takes place in real-time. Hence, there are no delays. However, you can only transfer high amounts through RTGS, unlike IMPS and NEFT.
The below table lists the transaction charges of using the RTGS facility of the Capital Small Finance Bank.
|Rs. 2 lakh to Rs. 5 lakh
|Rs. 2 lakh to Rs. 5 lakh
|Rs. 5 lakh and above
|Rs. 50 for every transaction
Note that all the charges mentioned above don't include the service tax. The minimum limit for the RTGS transfer is Rs. 2 lakh, and there is no maximum limit. The money transfer takes place in real-time. You cannot use this facility on bank holidays and second & fourth Saturdays.
Another swift bank-to-bank online transfer facility offered by the Capital Small Finance Bank is IMPS that stands for immediate payment service. It is the fastest method of online money transfer at the moment.
You can transfer or receive any amount in a few minutes or even instantly. The minimum and maximum limit of transfer via the IMPS service of the Capital Small Finance Bank is Re. 1 and Rs. 2 lakh, respectively. Note that you can initiate an IMPS transfer on any day of the year, and the settlement time is instant.
To use any of the above services of the Capital Small Finance Bank, keep the following information/documents ready.
The Capital Small Finance Bank started its operations in India on April 24, 2016, after converting from Capital Local Area Bank to India's first Small Finance Bank. The predominant aim of this bank is to enable modern and reliable banking solutions to the rural areas at a low cost.
Currently, the bank has over 159 branches all over India. The bank started its operations in India from Punjab. In a short period, it has now expanded to Delhi, Haryana, Rajasthan, and the Union Territory of Chandigarh. Some features of the bank are mobile banking, net banking, and locker facility.
You can check your small finance bank balance in the Capital bank either through their website or mobile application. If you don't know how to use either of these, their 24/7 customer support is constantly available.
To find your customer ID for Capital Small Finance Bank, you must visit their portal or contact their customer support.
Yes, the Capital Small Finance Bank was granted the Scheduled Status by the Reserve Bank of India on February 16 2017.
The headquarter of the Capital Small Finance Bank is in Jalandhar, Punjab.