IFSC Code of ICICI Bank Limited, Visakhapatnam Peda Waltair Branch, Andhra Pradesh

Use this page as a one-stop reference for everything related to ICICI Bank Limited's VISAKHAPATNAM PEDA WALTAIR branch in VISAKHAPATNAM, ANDHRA PRADESH. The branch's IFSC code ICIC0005506 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for ICICI Bank Limited – VISAKHAPATNAM PEDA WALTAIR is ICIC0005506. The first four letters ICIC are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005506 map to this branch in VISAKHAPATNAM, ANDHRA PRADESH.

Bank profile

ICICI Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Visakhapatnam Peda Waltair branch — IFSC ICIC0005506 — extends the bank's services to customers in and around Visakhapatnam, Andhra Pradesh.

Branch details at a glance

About this branch

The branch is located at ICICI BANK LTD D NO 4 46 14,VIJAYANAGAR LAYOUT,PEDA WALTAIR,VISAKHAPATNAM ANDHRA PRADESH 530017. It serves the Visakhapatnam region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of ICICI Bank Limited. The IFSC ICIC0005506 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how ICICI Bank Limited's VISAKHAPATNAM PEDA WALTAIR branch came to be assigned the code ICIC0005506.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC ICIC0005506, money simply cannot be routed to the VISAKHAPATNAM PEDA WALTAIR branch electronically.

Products and account variants supported

Every account opened at the Visakhapatnam Peda Waltair branch is mapped to IFSC ICIC0005506 on the RBI payments network. The branch generally supports the full retail product catalogue of ICICI Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains ICIC0005506.

Banking services available

The Visakhapatnam Peda Waltair branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC ICIC0005506

How to transfer money using IFSC ICIC0005506

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC ICIC0005506 across all three.

NEFT to ICICI Bank Limited, VISAKHAPATNAM PEDA WALTAIR using IFSC ICIC0005506

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC ICIC0005506, and confirm that the system picks up ICICI Bank Limited – VISAKHAPATNAM PEDA WALTAIR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to VISAKHAPATNAM PEDA WALTAIR

If you need to transfer ₹2 lakh or more in one go to an account at ICICI Bank Limited's VISAKHAPATNAM PEDA WALTAIR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC ICIC0005506 while initiating the transfer and the credit will appear within minutes.

IMPS to ICICI Bank Limited VISAKHAPATNAM PEDA WALTAIR (IFSC ICIC0005506)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC ICIC0005506 in your mobile or internet banking app, and the money is credited to the VISAKHAPATNAM PEDA WALTAIR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Visakhapatnam Peda Waltair

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC ICIC0005506:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at VISAKHAPATNAM PEDA WALTAIR is still linked to IFSC ICIC0005506.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at ICICI Bank Limited's VISAKHAPATNAM PEDA WALTAIR branch, the IFSC ICIC0005506 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Online banking and IFSC ICIC0005506

ICICI Bank Limited customers can register for net banking and the bank's official mobile app once their account at the VISAKHAPATNAM PEDA WALTAIR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC ICIC0005506 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

MICR & cheque-truncation details

Cheques drawn on the Visakhapatnam Peda Waltair branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC ICIC0005506 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to ICICI Bank Limited – VISAKHAPATNAM PEDA WALTAIR:

• The IFSC is exactly ICIC0005506 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills ICICI Bank Limited as the bank name and VISAKHAPATNAM PEDA WALTAIR as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Reaching the branch

The Visakhapatnam Peda Waltair branch sits at ICICI BANK LTD D NO 4 46 14,VIJAYANAGAR LAYOUT,PEDA WALTAIR,VISAKHAPATNAM ANDHRA PRADESH 530017. If you are travelling from outside Visakhapatnam, search for the branch on a maps application using the bank name and locality, or call the branch contact number to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC ICIC0005506 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC ICIC0005506 for ICICI Bank Limited – VISAKHAPATNAM PEDA WALTAIR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Visakhapatnam Peda Waltair are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to ICIC0005506 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: ICIC0005506 is the IFSC code of ICICI Bank Limited, VISAKHAPATNAM PEDA WALTAIR branch, in VISAKHAPATNAM, ANDHRA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.