Find Deutsche Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
The digitalized era puts enough emphasis on online fund transfer methods. The IFSC code, in this case, plays a crucial role as without this, you can’t utilize the benefits of the same. Like all other banks, the Deutsche bank IFSC code too is very important when it comes to online fund transfer.
The IFSC code helps segregate different branches of the bank so that transferring funds becomes a hassle-free process. IFSC code is a unique formation of eleven characters that contain both letters and numbers.
In addition to the IFSC code, MICR and SWIFT codes too are crucial to know. All these codes have undeniable importance for different fund transfer methods. The content discusses in detail all the important fund transfer methods of Deutsche Bank; hence, keep reading!
Deutsche Bank is a German bank in origin and has branches in over seventy countries, including India. It has a considerable presence in India and provides multiple banking services. Deutsche bank's IFSC code is allotted by the Reserve Bank of India, and it has eleven characters in total. The initial four characters of the IFSC code represent the bank name, the fifth character is zero, and the last six characters stand for the branch location and name.
For instance, the format of Deutsche bank Delhi branch IFSC code is- DEUT079DEL. Here the first four letters represent the bank, the middle character is zero, and the last six are representing the state.
If you want to make an online fund transfer from your Deutsche Bank account or are receiving any funds in your Deutsche bank account, you need to know the IFSC code. The code identifies the branch and initiates the successful transfer of the money.
While transferring money online, you need to place the IFSC code along with other details. Without filling in the IFSC code, you won’t be able to transfer or receive the money as the bank won’t be able to identify the branch.
Just like the Deutsche Bank IFSC code, the MICR code of the same too is necessary to know. The MICR code of Deutsche Bank is a character identification technology that helps in the faster processing of cheques and other vouchers. Deutsche bank MICR code is a nine-digit numerical code. Each branch has a unique MICR code which helps to identify the branch irrespective of where it is located.
SWIFT code or BIC code stands for Society for Worldwide Interbank Financial Telecommunication. This code is particularly used during international fund transfers and to exchange messages between international banks.
Deutsche Bank SWIFT code is an eleven-character code. The first four characters signify the bank name, the fifth and sixth codes represent the country, the following two are location codes, and the last three are the branch code.
Each branch of Deutsche Bank has its unique SWIFT code. The SWIFT code of the Deutsche Bank Bangalore branch is DEUTINBBBGL.
You can easily find the IFSC, MICR, and SWIFT codes of Deutsche Bank on the https://findyourbank.in/ website. To find the respective codes, you need to follow these steps-
Deutsche bank also comes with its own mobile app, which makes finding these codes easier too. Additionally, you can look for these codes on the bank’s official website too. To find the SWIFT code, you can either call the customer care service or check the recent transaction. IFSC and MICR codes are also easily available in the bank checkbook or in the passbooks as well.
Deutsche Bank follows the same steps of sending funds to beneficiary accounts as defined by the RBI. You need to follow these steps for transferring money-
NEFT, RTGS, and IMPS have their own fund transfer limits and charges. All details regarding the three payment methods are mentioned below-
|Transfer mode||Transaction limit||Charges||
Rs. 2.50 for transactions upto Rs. 25,000
Rs. 5 for transaction upto Rs. 1,00,000
Rs. 15 for transaction between 1,00,001 to 2,00,000
Rs. 25 for transaction above Rs. 2,00,000
Available from 8 AM to 5 PM
Service not available during second and fourth Saturdays and bank holidays
Minimum limit- Rs. 2,00,000
No maximum limit
Rs. 25 for transaction between Rs. 2,00,000 to Rs. 5,00,000
Rs. 50 for transaction above Rs.5,00,000
Monday to Saturday- 8 a.m to 3.15 p.m on online banking
Monday to Saturday- 8 a.m to 3.30 p.m on its branches
Service not available on second and fourth Saturdays and on bank holidays
Deutsche is a private bank originally based in Frankfurt, Germany, and was founded in 1870. The bank was mainly formed to initiate foreign trading and investment banking. Currently, it is operational in seventy countries all around the globe and provides services like wealth management, corporate finance fund management, mergers and acquisitions in retail banking.
You can find the IFSC and MICR codes of Deutsche Bank on the https://findyourbank.in/ website. You can also find these codes on the bank’s official website or in the checkbook.
The money is credited within a few hours of the transfer. However, if you submit the transaction request after service hours, the bank deposits the money the following day.
Yes, there are charges for transferring funds through NEFT and RTGS. But these charges are applicable on outgoing transactions.