Find Fincare Small Finance Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
Post lockdown, the world has gotten used to doing everything from home - including banking activities. For instance, do you wish to send money to a Fincare Bank account? All you need are account details and Fincare Small Finance Bank IFSC code!
The IFSC is mandatory for conducting all online transactions to an account at this bank - just as it is required for all bank accounts. In addition, you may also need the MICR code and SWIFT code for other transactions to or from Fincare Small Finance Bank.
Find out more about Fincare Small Finance Bank IFSC code, MICR code, and SWIFT code.
To make an online transaction, you will always need a code called the IFSC. A unique Indian Financial System Code is assigned to every single branch of a bank by the RBI. This code helps to identify the bank and the branch that has the recipient's account.
Online fund transfers to Fincare Bank are possible by NEFT, RTGS, and IMPS, depending on the amount and the time of the transaction. You will need to use the 11-digited Fincare Small Finance Bank IFSC code for all of these transaction types.
It is the same for all banks in India, i.e., the IFSC code for all branches or every Indian bank has 11 digits. These 11 characters include alphabets and numbers, and they all represent a meaning that many users are not aware of. Let's break it down to understand.
The characters in the first four places represent the bank code and are alphabets. The last six places have the numbers that represent the branch of a bank. That leaves us with 0 in the fifth place, which is a control character that may come into use later.
The Fincare Small finance bank bengaluru rtgs ho IFSC Code is FSFB0000001. "FSFB" is the code for Fincare Bank, while 000001 is the branch code for the bank's corporate office located at Sarjapur Main Road in Bangalore, Karnataka. The fifth spot, as usual, has a 0.
The MICR code stands for Magnetic Ink Character Recognition code, and it sits on top of each cheque leaf. This code is required for cheque clearance when there is a cheque-based transaction. This code has nine characters, all of which are numbers.
For instance, the MICR code of Fincare Small Finance Bank located at Bangalore's Sarjapur Road is 560775002. If you receive a cheque leaf from the bank, this code will help to track the branch or bank and help speed up the process of the clearance.
This code remains printed on the cheque leaf using a particular type of magnetic ink. A unique magnetic reader is used to read and identify this code at the time of sorting, which is much faster than manual sorting. Thus, this code brings efficiency to the system.
If you want to make an international transaction, you will need to use a code known as the SWIFT code. It is also referred to as the BIC code. Only banks that have a Society for Worldwide Interbank Financial Telecommunications membership can have this code.
This code is required for making an overseas wire transfer or SEPA payment - and the same goes for Fincare Small Finance Bank SWIFT Code. The SWIFT code has 8-11 characters that include both alphabets and numbers for easy identification for most banks.
Fincare Small Finance Bank does not have a SWIFT code of its own. But it is tied up with YES Bank to give the benefit of international fund transfers to its customers. For this purpose, you have to use the SWIFT code of YES Bank, i.e., YESBINBB.
Depending on the type of fund transfer, you will need to use the Fincare Small Finance Bank IFSC code, MICR code, or SWIFT code. But where will you find them? The quickest way to find them is "Find Your Bank." Or you can refer to bank or government sources.
"Find Your Bank" has a database of all the information about any bank required for banking and transactions, including the codes as are necessary for fund transfers. It is easy to use and quickly accessible, with all information about Indian banks on a single website and phone app.
To find the information you're looking for, you have to -
You can find the Fincare Small Finance Bank IFSC code, MICR code, and SWIFT code on other platforms, too. Let's take a look.
Cheque leaves have the IFSC printed on them, along with other information.
Your net banking platform should offer the IFSC at the time of beneficiary addition.
The official RBI website has a database of IFSC codes.
You can contact the bank's customer care team by calling or emailing them or visiting a branch.
You can find the code on the latest account statement, which is also available through net banking.
It is just as easy to find the MICR code for Fincare Small Finance Bank. You can check the following:
Although Fincare Small Finance Bank uses the SWIFT code of YES Bank, it's not difficult to find it. Take a look at the following:
If you want to transfer funds to or from an account at Fincare Small Finance Bank, you will need to use a fund transfer method like NEFT, RTGS, or IMPS. Let's take a look at them individually.
a) NEFT settlements occur in batches.
b) Transaction timing is from 8 am to 6:30 pm every day except Sundays, as well as 2nd and 4th Saturdays.
c) NEFT transaction service charges are as follows (excluding taxes):
a) Transfer settlements occur individually throughout the day.
b) RTGS transaction charges at Fincare Small Finance Bank are (excluding):
a) Transfer settlements occur immediately every day.
b) IMPS transactions at Fincare Small Finance Bank are as follows:
To complete these transactions, you need the Fincare Small Finance Bank IFSC code.
Fincare Small Finance Bank began its journey in 2017 when Disha Microfin Pvt. Ltd. and Future Financial Services Pvt. Ltd. merged. It was established to help micro/small enterprises, mass retail segments, and the unbanked/underbanked segments.
It has different types of Savings and current accounts, with minimum monthly balance requirements as follows:
One of the greatest advantages of this bank is the interest offered by this bank. The rate is 6.75%, which is one of the highest in the industry. To start your account at Fincare Bank, you will need to submit copies of the necessary KYC documents as proof of address, age, etc.
The CSR code of Fincare Small Finance Bank, which stands for Basic Statistical Return Code, is a 7-digit code assigned by the RBI. It is used for tax payments and helps track banks collecting direct tax, including Fincare Bank. It is used in the CIN, i.e., Challan Identification Number.
Fincare Small Finance Bank is one of the newest banks operating in India, and it is under RBI. It began working in the country in 2017 after RBI issued a license to it under the Banking Regulation Act 1949, sec 22 (1). It aims to operate as a small finance bank.