Use this page as a one-stop reference for everything related to ICICI Bank Limited's VELE branch in WAI, MAHARASHTRA. The branch's IFSC code ICIC0003128 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 – VELE is ICIC0003128. The first four letters ICIC are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 003128 map to this branch in WAI, MAHARASHTRA.
Branch details at a glance
| Bank Name | ICICI Bank Limited |
|---|---|
| Branch | Vele |
| IFSC Code | ICIC0003128 |
| MICR Code | Refer to cheque leaf |
| Branch Address | ICICI BANK LTD., NEAR MARUTI MANDIR, A/P VELE, TAL WAI, DISTSATARA, MAHARASHTRA.415517 |
| City | Wai |
| District | Satara |
| State | Maharashtra |
| STD Code | 2164 |
| Phone | 230464 |
About the bank
ICICI Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Vele branch in Wai, Maharashtra is part of this network and uses the IFSC code ICIC0003128 for all electronic settlement.
About the Vele branch
The Vele branch of ICICI Bank Limited is situated at ICICI BANK LTD., NEAR MARUTI MANDIR, A/P VELE, TAL WAI, DISTSATARA, MAHARASHTRA.415517. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code ICIC0003128 is used.
Why every ICICI Bank Limited branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including VELE of ICICI Bank Limited — its own 11-character IFSC. The code ICIC0003128 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC ICIC0003128 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC ICIC0003128
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 ICIC0003128 across all three.
NEFT to ICICI Bank Limited, VELE using IFSC ICIC0003128
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 ICIC0003128, and confirm that the system picks up ICICI Bank Limited – VELE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC ICIC0003128
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to ICICI Bank Limited – VELE, ensure your bank's portal accepts IFSC ICIC0003128 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to ICICI Bank Limited – VELE, use IMPS. With IFSC ICIC0003128 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Vele
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 ICIC0003128:
- 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 VELE is still linked to IFSC ICIC0003128.
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.
UPI payments and IFSC ICIC0003128
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at ICICI Bank Limited – VELE is still mapped to IFSC ICIC0003128. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC ICIC0003128 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Vele branch is mapped to IFSC ICIC0003128 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 ICIC0003128.
Banking services available
The Vele branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2164-230464.
- 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 ICIC0003128
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by ICICI Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC ICIC0003128 and the account number together uniquely identify the Vele branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC ICIC0003128
ICICI Bank Limited customers can register for net banking and the bank's official mobile app once their account at the VELE 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 ICIC0003128 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.
Common mistakes to avoid when using IFSC ICIC0003128
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to ICICI Bank Limited – VELE, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
ICIC0003128. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Vele branch
The branch is located at ICICI BANK LTD., NEAR MARUTI MANDIR, A/P VELE, TAL WAI, DISTSATARA, MAHARASHTRA.415517, which puts it inside Wai, the broader Satara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “ICICI Bank Limited Vele branch” — the verified location pin for IFSC ICIC0003128 should appear at the top of the results.
- Confirm the branch is open by calling 2164-230464 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC ICIC0003128 and your account number.
Verifying IFSC ICIC0003128 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm ICIC0003128 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2164-230464.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Vele 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 ICIC0003128 continue to work without interruption.
Branch address & contact
ICICI Bank LimitedVele Branch
ICICI BANK LTD., NEAR MARUTI MANDIR, A/P VELE, TAL WAI, DISTSATARA, MAHARASHTRA.415517
Wai, Maharashtra
Phone: 2164-230464
IFSC: ICIC0003128
Frequently asked questions
Is IFSC ICIC0003128 the same for all accounts at Vele branch?
Yes. The IFSC ICIC0003128 is shared by every account held at ICICI Bank Limited's Vele branch. Only the account number changes from customer to customer.
Is IFSC ICIC0003128 valid for NEFT and RTGS?
Yes. IFSC ICIC0003128 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Vele branch but serve different purposes.
How do I add ICICI Bank Limited Vele as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC ICIC0003128, and complete OTP verification. Once activated, you can transfer funds at any time.
Does ICICI Bank Limited Vele branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2164-230464 to confirm.
What is the phone number of ICICI Bank Limited Vele branch?
You can reach the branch at 2164-230464 during regular banking hours.
Can I use IFSC ICIC0003128 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC ICIC0003128 to send funds instantly.
How quickly will an NEFT transfer using ICIC0003128 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to ICICI Bank Limited – Vele reflect within 30 minutes.
Summary
The IFSC code ICIC0003128 belongs to ICICI Bank Limited's VELE branch, located at ICICI BANK LTD., NEAR MARUTI MANDIR, A/P VELE, TAL WAI, DISTSATARA,… in WAI, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
