IFSC Code, MICR And Swift Code for ICICI Bank Nawada, Bihar Bihar

List of IFSC code, MICR code and addresses of all bank branches in India. Find verified IFSC codes quickly to use for NEFT, RTGS & IMPS transactions.

State wise list of ICICI Bank IFSC code, MICR code and addresses of all branches in India
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Locate any details of ICICI Bank Nawada branch in Bihar.

Below is the IFSC Code, SWIFT code and MICR Code Of ICICI Bank Nawada, Bihar branch in Nawada city and district, Bihar state along with contact phone numbers and address for communication.

What Is The IFSC Code Of ICICI Bank Nawada, Bihar branch ?

The IFSC Code (Indian financial system code) of ICICI Bank's Nawada, Bihar branch is ICIC0001332. You may use this code for NEFT, IMPS and RTGS transactions to transfer fund domestically. For international fund transfer you will have to use SWIFT code of ICICI Bank Nawada, Bihar branch.

IFSC Code: ICIC0001332

IFSC Code ICIC0001332
(used for IMPS, RTGS and NEFT transactions)
MICR Code 805229002
SWIFT Code SWIFT Code of ICICI Bank
Bank ICICI Bank
Address Icici Bank Ltd., Prasad Bigha, Main Road, Nawada - 805110, Nawada Dist., Bihar
District Nawada
State Bihar
City Nawada
Branch Nawada, Bihar
Phone number 0

IFSC Code: ICIC0001332 and MICR Code:805229002; ICICI Bank Nawada, Bihar branch address: Icici Bank Ltd., Prasad Bigha, Main Road, Nawada - 805110, Nawada Dist., Bihar Nawada city, Nawada district in the state of Bihar. Contact phone number is 0.

Uses Of IFSC Code ICIC0001332 Of ICICI Bank

IFSC Code: ICIC0001332 can be used for initiating funds transfer from Bank account of ICICI Bank to any other banks in India. Please Note: In India IMPS and NEFT are the popular methods of fund transfer to other bank accounts from ICICI Bank . Though wallet based transactions are widely being carried out, you really have to be careful with the identity of the personnel with whom you are carrying out financial transactions.

Fund Transfer Options Using ICICI Bank IFSC Code

ICICI Bank's IFSC Code can be used for electronic payment methods like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an inter-bank electronic instant mobile money transfer service (IMPS), and centralized Funds Management System (CFMS) developed by Reserve Bank of India (RBI).

What Is The SWIFT Code Of ICICI Bank Represents ?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.)

These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same. The SWIFT code is 8 or 11 characters, Example: AAAAIN3M123

  • AAAA 4 letters: Institution Code or bank code.
  • IN 2 letters: ISO 3166-1 alpha-2 country code
  • 3M 2 letters or digits: location code
  • If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • If the second character is "1", then it denotes a passive participant in the SWIFT network
  • If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • 123 last 3 letters or digits: branch code.

Where an 8-digit code is given, it may be assumed that it refers to the primary office.

Can I Use SWIFT Code For International Fund Transfer?

Yes, for transferring money to ICICI Bank Nawada, Bihar branch from foreign banks, you will have to use swift code. As you are aware swift code is utilized to recognize banks and other financial organizations internationally. It says who and where they are — a kind of global bank code or ID. Swift code is utilized while exchanging money between banks, specifically for worldwide wire exchanges or SEPA installments.

Uses Of MICR Code 805229002 Of ICICI Bank

MICR Code 805229002 Of ICICI Bank is a 9 digit numeric code, a Magnetic Ink Recognition technology for making cheque processing faster and simpler.

Work Timings Of ICICI Bank, Nawada, Bihar Branch

ICICI Bank Nawada, Bihar branch timings : Monday to Friday: 10 AM to 4 PM, Saturday - 10 AM to 4 PM(Except 2nd and 4th Saturday).

More ICICI Bank Branches In Nawada

ICIC0001332 (Nawada, Bihar)

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Analysis of Financial Ratios
NIM (Net Interest Margin): Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. Thus, it also has high correlation to interest spread and thus impacts profitability of the bank. NIM of Andhra Bank is 2.77 which is greater than the average of all public sector banks but less than average NIM of all banks in India. This indicates that the bank is doing well as compared to an average PSB in India but lagging among all banks in India.

COF (Cost of Funds): Cost of funds for a bank is the average interest rate paid to depositors on financial products such as savings account, current account, and fixed deposits etc. Lower CoF is better for banks as it will increase profitability. COF of Andhra Bank is 7.13 which is poorer than the average among PSBs as well as poorer than average CoF of all banks.

Return on Advances: Return on advances indicates the average interest rate at which the bank lends money to the borrowers. Higher return of advances is better for higher profitability of the bank (however, higher interest rates also indicate risky assests). So this ratio should be read along with NPA Ratio for better understanding about the bank.

Return on Equity (ROE): Return on equity is the measure of bank's profitability. Higher the better. [RoE = Net Profit / Total Equity].

CRAR: Capital to Risk-Weighted Assets Ratio (also known as Capital Adequacy Ratio is the ratio of bank's capital to its risk. This ratio is also monitored by RBI for all banks and higher value indicates higher stability for a bank. CRAR of Andhra Bank is 11.76 which is less than group average among PSBs and also less than average of all banks.

NPA Ratio: Non Performing Assets refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Thus, NPA Ratio = [Non Perforing Assets/Total Assets]. Higher NPA Ratio indicates riskiness of the bank and losses as it may result in write downs. If you are investing in a bank, be aware to check this ratio carefully. NPA Ratio of Andhra Bank is 2.45 which is high and it is poorer than average NPA of PSBs as well as average NPA of all banks.