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AU Small Finance Bank aims to offer customers needs, simplicity of financial transactions, and much more. The bank also has its AU 0101 mobile application that further eases the process of fund transfer and management.
For various transactions like NEFT, RTGS, IMPS, etc. IFSC code is required. IFSC stands for Indian Financial System Code. It is a unique 11-digit code assigned by the Reserve Bank of India to all the branches of banks. AU Small Finance Bank also has a unique AU small finance bank IFSC code assigned to each of its branches. To transfer funds other than for UPI, you are required to enter the AU bank IFSC code.
Without entering the correct IFSC code, AU Small Finance Bank will not be able to complete the transaction. Once you enter the IFSC code, the system will automatically locate the branch of the bank. The purpose of the IFSC code is to identify the branch of a bank and process a correct transaction without errors.
The easiest way to know the IFSC code of your branch is to check the same on your passbook. Upon creating an account in a bank you get the IFSC code printed on the first page of the passbook. However, if you want to know the IFSC code of some other bank branch to send money, here is how you can know:
You need to visit the official website of RBI (Reserve Bank of India)
Click on "IFSC Codes" and select the bank, for instance, AU Small Finance Bank
Select the branch of the bank from the available options or directly enter the name of the branch
The IFSC code will appear on the screen
You can also know the IFSC code of a branch by visiting the official website of the concerned bank, for instance, AU Small Finance Bank
To know the AU Bank IFSC code, visit the website of the AU Small Finance Bank
Click on the IFSC code option and select the branch name
The IFSC code of the branch will appear on the screen.
Using the AU small finance bank IFSC code, you can quickly complete the fund-transferring process. Here is how you can do so:
NEFT allows you to send money across any branch account in India.
Enter the AU 0101 mobile application
Choose the option of NEFT transfer
Enter details of the beneficiary, like name of the beneficiary and account number, IFSC code of the beneficiary, and branch name
NEFT transactions can be done between 8 a.m. to 5 p.m. on working days of banks. This excludes the 2nd and 4th Saturdays as these are holidays.
IMPS services are available 24*7 without concerning the working days of the bank. Unlike UPI, IMPS can be accessed on mobile phones, the internet, ATMs and SMS.
RTGS is usually opted when there is a huge amount to be transferred, above ₹2,00,000. For RTGS transfer as well, you need the IFSC code of the beneficiary.
IFSC code is unique to each bank branch. It is primarily used as an identification code for a bank and to avoid transaction errors.
All the IFSC codes are assigned by the Reserve Bank of India.