RBL BANK IFSC code & MICR code

Out of the 11 characters of the IFSC code, the first 4 characters represent the name of the bank, the fifth digit is zero (0) always and the last 6 characters indicate the name of the bank-branch.

For instance, the IFSC code of Parel branch of RBL Bank, Maharashtra is RATN0000088. In this case, ‘RATN’stands for Ratnakar Bank Limited and the last 6 numbers refer to Parel branch of RBL Bank.

What is MICR Code? 

MICR stands for Magnetic Ink Character Recognition Code. 

This is a nine digits code printed on the cheque leaves, which helps in processing the cheques easily. RBL bank has many branches that support NEFT services and have MICR codes for those branches. 

Out of the nine digits of the MICR code, the first three digits represent the city code, the next three digits in the middle indicate the bank code, and the last three digits represent the branch code. 

How to Find RBL Bank IFSC & MICR Codes?

1. Check the official website for the list of IFSC codes of each RBL branch all over India 

1. Contact the RBL bank over the phone to find out the IFSC code for a particular branch 
2. The cheque issued by RBL Bank also shows the IFSC code of the branch 
3. IFSC code for RBL bank branch can be found through online search as well. Here is how to do it: 

The process to check both IFSC and MICR code of any branch of any bank at BankBazaar’s website are: 

1. On the main page of the website, click on ‘Bank IFSC Code’ tab 

1. Share details of bank such as name, branch, district, and state 
2. The next page will show the IFSC and MICR code of the specific branch of the bank along with other details 

How to Transfer Money Using RBL Bank NEFT and RTGS?

By opting for RBL Bank’s NEFT and RTGS transfer mechanisms, you can avoid all the limitations of physical modes of money transfer. RBL Bank offers an efficient, safe and secure website, operating under the guidance of RBI. Here are the steps for transferring money through RBL bank NEFT and RTGS services:

NEFT or RTGS: 

The following are the steps involved in NEFT or RTGS fund transfer (for example, for credit card payment): 

1. Enter ID and password to login to your net banking 
2. Add RBL credit card as beneficiary 
3. Choose ‘Add/Manage Beneficiary’ under NEFT or RTGS from ‘Fund Transfer’ option 
4. Enter payee name as on the RBL bank credit card 
5. Enter the bank name, IFSC code, and branch location 

1. Once beneficiary added, enter the amount to be transferred and click on ‘Pay’ 

For general fund transfer through RBL NEFT or RTGS, the steps are: 

1. Login in with your Customer ID and password 
2. Select ‘Fund transfer’ from ‘Payment & Transfer’ tab 
3. Choose interbank or intra bank as per need 

1. Select your preferred transaction type: RTGS or NEFT 
2. Choose the beneficiary and enter the amount 
3. Provide ‘Transfer Description’ and tick the check box 
4. Click on ‘Confirm’ to process your payment 

National Electronic Funds Transfer (NEFT) at RBL Bank:

Real Time Gross Settlement (RTGS) at RBL Bank:

RTGS is another mode of money transfer between accounts, which it is faster, continuous and real-time. The instructions are processed by RBI as soon as they are received. ‘Gross settlement’ implies that the payment instruction does not bunch itself with other transactions and is carried out independently by RBI. Hence, it is sometimes cleared within a few hours as well. 

The following are the vital details about RBL bank RTGS fund transfer system:

About RBL Bank (Ratnakar Bank Limited):

RBL Bank formerly known as Ratnakar Bank Limited was founded in 1943. Spread across 13 states in India, with its 183 branches and 351 ATM machines, it is one of the most rapidly expanding scheduled commercial banks in the country. RBL Bank transformed itself under a new management since 2010 and is presently serving 14, 00,000 customers.