IFSC Code of BANK OF CEYLON RTGS HO

BCEY0CHEN01

The IFSC Code of CHENNAI CHENNAI TAMIL NADU is BCEY0CHEN01. The MICR code of CHENNAI CHENNAI TAMIL NADU of BANK OF CEYLON is NA.

The IFSC code (Indian Financial System Code) BCEY0CHEN01 is an alphanumeric code that uniquely identifies the bank branch RTGS HO, CHENNAI, TAMIL NADU. The IFSC code BCEY0CHEN01 is used in Electronic Funds Settlement Systems: RTGS or NEFT.

The full address of BANK OF CEYLON RTGS HO, CHENNAI, TAMIL NADU is CHENNAI

Bank	BANK OF CEYLON
IFSC	BCEY0CHEN01
MICR	NA
Branch	RTGS HO
Address	CHENNAI
Contact	0
City	CHENNAI
District	CHENNAI
State	TAMIL NADU

What is an IFSC Code?

IFSC (Indian Financial System Code) is an 11-digit alphanumeric code that has a number of uses in banking sector. It is an identification code related to a specific bank branch. All type of payment process i.e., RTGS, NEFT, and IMPS need an IFSC code to complete the fund transfer.

Sample IFSC Code

Bank Name	IFSC Code
Rtgs Ho	BCEY0CHEN01
Canara Bank	CNRB0000791

How to Find IFSC Code BCEY0CHEN01?

On Cheque Leaf & Passbook

You can find the IFSC code BCEY0CHEN01 on the cheque book's leaf as well as on the passbook provided by your bank.

Bank's Official Website

A BCEY0CHEN01 code can also be seen on the respective bank's official website

RBI Official Website

Another way to find IFSC code BCEY0CHEN01 is from the official website of Reserve Bank of India, where you can see all the banks and respective branch list of IFSC codes.

Branch Locator Tool

Almost every bank's official website has included a branch locator tool. You can easily find here the IFSC code BCEY0CHEN01 by using the tool and entering the state, city and branch name. Let's take an example, suppose you entered Uttar Pradesh in the state section and Ghaziabad in the City section and the Ghaziabad main branch in the branch name section. The tool will show you the correct IFSC code of the given branch

Uses of IFSC Code: BCEY0CHEN01

Online Banking:- Also called internet banking or e-banking; allows you to make a transaction through the internet. It includes the following:

• NEFT:- It stands for National Electronic Fund Transfer. It allows users or customers to transfer funds from their bank account to recipient bank account of the same or different bank.
• RTGS:- Real Time Gross Settlement. It allows you to transfer a minimum limit of Rs 2 lakh rupees.
• IMPS:- Immediate Payment Service. It enables you to transfer funds in any time, meaning 24x7 and 365 days.
• Cross Bank Transfers:- The IFSC code is used to transfer funds between several banks even making use of the UPI (Unified Payment Interface).
• Automatic Payments:- You must have an IFSC code while setting up automatic payments.
• New Account Opening:- It is necessary to having an IFSC code when opening a new account or applying for a loan or linking a bank account.
• Tracking the Transactions:- The RBI requires for an IFSC code to track all the financial transactions.
• Low Risk of fraudness:- The IFSC code helps to reduce the risk of fraud, error, or hacking while transferring funds.

Format of IFSC Code: BCEY0CHEN01

The 11 characters alphanumerical IFSC code is created in a flow where it denotes the first four characters as the bank’s name. The fifth character is zero (0), which can be used for future usage. The last six characters denote the branch of the respective bank.

B	C	E	Y	0	C	H	E	N	0	1
Bank Code				Zero	Branch Code

Why IFSC Code BCEY0CHEN01 is Required?

Before the online banking system and UPI payment method, funds were transferred using the traditional method. It required visiting the bank branch, filling up a form, and depositing the amount in the recipient’s bank account. With the advent of the internet, funds can now be transferred in just a few steps and within seconds.

Benefits of IFSC Code BCEY0CHEN01

• Smooth Financial Transaction
• Rapid Funds Transferring Process
• Restricts the Risk of Fraud
• Enables Online Banking

How to Find MICR Code NA?

• You can easily find the MICR (Magnetic Ink Character Recognition) code on the bank passbook and on the cheque leaf.
• Another way to find the MICR code is by visiting the official website of your specific bank.

FAQs

RTGS HO Near By BANK OF CEYLON IFSC Code

The near by BANK OF CEYLON IFSC Codes of CHENNAI are given below:

IFSC	Branch	Bank	District
BCEY0000001	HEAD OFFICE	BANK OF CEYLON	CHENNAI