Fino Payments Bank IFSC code & MICR code

In India, the IFSC (Indian Financial System Code) is a distinct alphanumeric code allocated to every bank branch that engages in electronic fund transfers. This eleven-character code serves the purpose of uniquely identifying the bank branch during electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).

Advantages of the IFSC code

The advantages of the IFSC code are as listed below: 

1. Process gets simplified: With the help of an IFSC code, you can transfer funds easily. There would be no need for you to break from your busy schedule to visit your bank or wait in the queue. 
2. Lowers the chance of fraud: Your payments are additionally protected by the distinct IFS codes given to every bank and its related branches. 
3. Expedites the fund transfer process: Nowadays, transferring money only takes a few minutes. You can carry out banking tasks from the comfort of your house because of online banking. 

How to Search for Fino Payments Bank IFSC and MICR Codes

Typically, your check leaf will have the bank branch's IFSC code printed on it. The IFSC code and MICR code of the Fino Payments Bank home branch can be easily found online with only a button click if you misplaced or do not have your chequebook. Additionally, the data is available on independent financial websites like BankBazaar. 

The BankBazaar website is one such platform that provides information on the IFSC codes of all banks including Fino Payments Bank.

Here is the stepwise process to find the IFSC code of any bank:

1. Step 1: To find the IFSC code of any bank, log on to the BankBazaar website, go to the main page, proceed to navigate to the bottom of the page, where you will find 'Bank IFSC Code'.
2. Step 2: Click on the same and the website will direct you another page, where you will see 4 drop down menus.
3. Step 3: Proceed to choose the name of the bank IFSC code that you're looking for, the state, district and the branch concerned whose IFSC code you're searching for.
4. Step 4: Once you have chosen your options, the IFSC code for the selected branch will be displayed along with the MICR code, address, and contact number.

How to Transfer Money using Fino Payments Bank NEFT, RTGS, and IMPS

Customers can use NEFT, RTGS, and IMPS to make inter-bank money transfers from their Fino Payments Bank account.

National Electronic Funds Transfer (NEFT)

Fino Payments Bank has several NEFT enabled banks in India. NEFT is an electronic fund transfer process, which allows customers to send money to other banks in the country. This facility can be used to remit up to Rs.25,000. The following are the details required for NEFT fund transfer:

1. Payee/beneficiary name and account number
2. IFSC code of payee/beneficiary
3. Bank branch

NEFT Timings:

*Please note that the service will not be available on 2nd and 4th Saturdays.

Immediate Payment Service (IMPS)

IMPS services are also offered by Fino Payments Bank for immediate fund transfers. Here, the funds are immediately credited to the beneficiary's or payee's account. The facility is open around the clock, and money can be transferred on Sundays and bank holidays as well. 

Real Time Gross Settlement (RTGS)

This is another facility offered by the bank for faster fund transfer of higher value funds. The minimum limit for fund transfer under this method is above Rs.2 lakh.

Fino Payments Bank NEFT, IMPS and RTGS Charges

IMPS Charges:

NEFT Charges:

RTGS charges:

About Fino Payments Bank

Fino Payments Bank Limited as incorporated on April 4, 2017, and has over 410 branches across the country. The bank has as many as 25,000 banking points. They offer various banking services such as savings accounts, current accounts and both domestic and international fund transfer facilities, among other things.