Airtel Payments Banks is an entity that carries out financial transactions, and it was also the first organization to gain a license from the Reserve Bank of India. However, to complete the financial transactions, customers are required to use the valid Airtel payment bank IFSC code or MICR code. Are you looking for these codes? We are going to add the details of the IFSC code and MICR code in this article.
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What is Airtel Payment Bank IFSC Code & MICR Code?
Airtel Payment Bank IFSC code: AIRP0000001 (RTGS and NEFT Transactions)
Airtel Payment Bank MICR code: 000APB000
Gurgaon Airtel Payment Bank IFSC Code –AIRP0000001.
What is the IFSC Code of the Airtel Payment Bank?
IFSC and MICR codes are essential for sending money through NEFT, IMPS, and RTGS. IFSC code total digits are 11. This code is required to transfer funds from one bank to another. Every bank has a different or unique 11-digit IFSC code.
Steps to Find Airtel Payments Bank IFSC Code –
1). The first step in checking the Airtel payments bank MICR and IFSC code is to check a check book. You need to check the check book and the bank passbook to view the code. On the front page or the cheque leaf, you can easily find out the MICR code.
2). Visit the RBI official website and find the IFSC code of a particular bank.
3). Go to the bank’s official website to find the Airtel Payments Bank IFSC code.
Meaning of MICR Code –
The complete form of the MICR Code is Magnetic Ink Character Recognition. It is a nine-digit code used for the authentication and credibility of banking databases and paper-based documents. There are three major components of the code: city code, bank code, and branch code. The first three codes are the city code, and next three codes are related to the bank code, and the last three codes are the branch code.
How do you find the Airtel Payments Bank MICR Code?
The first place is the cheque leaf of the Airtel Payments bank or the first page of the bank passbook.
Know About the Difference Between the IFSC Code and MICR Code –
Both codes are different, and MICR and Airtel payments bank IFSC codes are vital for all financial transactions.
1). MICR is a 9-digit code, and IFSC is an 11-digit code.
2). The IFSC code is helpful for online fund transfers, and the MICR code is valid for cheque clearance.
3). The Reserve Bank of India develops both codes.
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