What is a Bank Routing Number?

Hi Pal,

Do you want to know what is a bank routing number? Let me assist you with this. I have an account at the Indian bank. Hence I would like to share an idea about how I get my routing number in the Indian Bank. However, the process is similar in any other banks or financial institutions.

Bank routing number is a nine-digit code that identifies the transaction source of any financial institution, not just Indian banks. It's used before making a payment.

RTN (routing number) is another term for a routing number (Routing Transit Number). It's a nine-digit code that's used to identify financial organisations or banks when making a payment.

Wire transfers and ACH (Automated Clearing House) payments commonly employ routine numbers. Several routing numbers are used by some banks for various purposes, branches, and geographical locations.

So, if you're performing a money transfer, double-check,

what is your routing number

before proceeding.

The following is a basic method by which I locate my bank's routing number:

• You may easily find it by browsing through the chequebook. Looking at the bottom side of your check would be beneficial. Your bank routing number is the first 9-digit code

• If you don't want to use a cheque, you can call the bank's toll-free number and request the procedure number by informing your branch. Indian banks can be reached through 180042500000, which is a toll-free number.

• You can also inquire about the routing number at an Indian Bank branch near you

Keep in mind that each branch's routing number will be unique.

I hope this answer would help you in understanding what is a bank routing number.

Read More:

Hi Raju, being a bank employee, I can help you understand what bank routing number is. A routing number is like your bank's personal address, made up of nine digits. It’s used to help process transactions like sending or receiving money, setting up direct deposits, or paying bills online. This number is usually found at the bottom of your cheques and is easily accessible through your bank's app or website.

What is a Bank Routing Number?

A bank routing number is a unique nine-digit code that identifies your bank during financial transactions. It ensures that money transfers, deposits, and payments are directed to the correct bank. This is the basic meaning of what is routing number of a bank. 

Are Routing Number and IFSC Code the Same?

IFSC code is the abbreviation for the Indian Financial System Code. it is an eleven-character alpha-numeric routing number that helps in identifying the bank and its branch. On the other hand, a routing number is a 9-digit number and serves as the bank’s address, so both are not the same.

I hope I have been able to help you understand what is the routing number for a bank and how it is different from the IFSC code.

Read More:

The

routing number bank

is not commonly used. The banking system typically relies on other identifiers for transactions.

The primary identifiers used for electronic fund transfers within India are the Indian Financial System Code (IFSC) and the National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS) systems.

The IFSC is a unique alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI). It is used to identify individual bank branches when conducting electronic fund transfers within the country. It is an 11-digit code that includes both letters and numbers.

NEFT and RTGS are electronic fund transfer systems used for transferring funds between banks.

While some other countries, especially the United States, use the term "routing number". It refers to a specific identifier used in the clearing and settlement of checks and electronic transactions.

For international transactions SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are used to identify banks globally.  In the above para I have tried to explain

what is bank routing number.

Read more

I first heard about the routing number from my sister. She is a bank employee and she was telling a story about one of her customers. She kept mentorship about the routing number in her story and I honestly had no idea what is routing number in bank. So, I had to interrupt her story and ask her about it. She told me that a routing number is a 9-digit code provided by banks which is helpful in identifying where a bank account was opened. That is in which branch of the bank your bank account was opened.

This is what bank routing number means. It is also known as the ABA routing number or RTN or sometimes also known as routing transit number. If you are planning to send money to a foreign bank account or internationally, then you should keep the routing number handy with you.

Where to Find Your Routing Number?

So, now that you know the meaning of routing number in bank, let me tell you where you can find the routing number.

You can easily locate your routing number on your cheques at the bottom part of it. It is precisely located on the left side of your account number on your cheque. If you use the online banking system, you can find your routing number on your account or profile page. 

I hope my answer was helpful to you in understanding what is routing number in bank.

The ACH routing number is a number that helps in detecting the location and financial institution from which or to which a transaction has occurred. You will need this code or number before making a payment. If you face any trouble detecting it on your cheque, you can ask the bank officials and get to know what your routing number is anytime. I also learned about my bank routing number India recently. It is also known as the RTN number or Routing transit number in India. 

Each bank has a specific code that helps others to detect what bank it is. HDFC Bank has a routing number of its own. The international routing number of HDFC bank looks like HDFCINBBXXX. I am not sure about what the domestic routing number of HDFC looks like. I have an account in SBI so I am aware of the routing number there. The routing number of SBI bank is 026009140. So during a transaction, if you see this code, be sure that one bank is SBI, either the person receiving the money or the person giving the money has used the SBI bank.

I hope this answers what is ACH routing number.

The ACH routing number is a term that is more prevalent in the US than in India. It is the abbreviation for Automated Clearing House. It is an electronic network that processes a huge number of credit and debit card transactions between financial institutions. If you are wondering what a routing number means, let me tell you that it is a code consisting of nine digits used to recognise a financial body and the location where the account was opened. Let me share more details about the routing number here.

Routing number in India can be termed a code that helps detect the financial institution and its location. It consists of nine digits and is visible at the left lower corner of a cheque. I hope the basic meaning of what is ach routing number meaning is all clear to you now. This number will help a person detect from where to whom the money has been transferred. In India, ACH is better known as ECS or Electronic Clearing Service in India. 

The major difference between a routing number and a SWIFT number is that the routing number is used for several purposes, like electronic payments, NEFT, and more, while SWIFT codes are used for only international transfers.

I hope the ACH routing number meaning is all clear to you now.