What is an IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT, RTGS, and IMPS electronic funds transfer systems in India.

How do I find my bank's IFSC code?

You can find your bank's IFSC code printed on your cheque leaf or passbook. Alternatively, search on Bankonic by selecting your bank, state, and branch.

Can I apply for a personal loan using my IFSC code?

Yes! Banks use your IFSC code to verify your existing bank account during loan applications. Having an active account with verified IFSC speeds up loan processing.

Is my money safe during online transfers using IFSC?

Yes, NEFT/RTGS/IMPS transfers using IFSC codes are highly secure. All transactions are encrypted and monitored by RBI.

Banking Operations

How to Deposit Cheque in India

Complete guide to cheque deposit methods in India. Learn how to deposit cheques at bank branches, ATMs, through mobile banking apps, and important checks before depositing.

9 min read

Updated Feb 24, 2026

Cheque Deposit Methods

Bank Branch Deposit

Traditional method - deposit cheque at bank counter with deposit slip

Process:

1.Fill cheque deposit slip
2.Write account number and amount
3.Attach cheque to slip
4.Submit to bank teller
5.Get acknowledgment receipt

Processing Time:Same day credit (before cut-off time)

Charges:Usually free

ATM Cheque Deposit

Deposit cheques at ATMs with cheque deposit facility

Process:

1.Insert debit card and PIN
2.Select 'Cheque Deposit' option
3.Insert cheque in envelope
4.Enter amount and account details
5.Get receipt confirmation

Processing Time:1-2 working days

Charges:Usually free

Mobile Banking App

Click photo of cheque using mobile banking app

Process:

1.Open banking app
2.Select 'Cheque Deposit'
3.Take clear photo of front & back
4.Enter amount details
5.Submit and wait for confirmation

Processing Time:1-2 working days

Charges:Usually free for limited amount

Cheque Drop Box

Drop cheque in designated drop boxes available at bank premises

Process:

1.Fill deposit slip
2.Write all required details
3.Place cheque in envelope
4.Drop in drop box
5.No immediate receipt

Processing Time:1-2 working days

Charges:Free

Mobile Banking Cheque Deposit

Open Banking App

Select Cheque Deposit

Find and tap on 'Cheque Deposit' or 'Deposit Cheque' option

Choose Account

Select the account where you want to deposit the cheque

Enter Cheque Details

Fill in cheque number, amount, and bank name

Capture Cheque Photo

Take clear photos of front and back of the cheque

Submit & Confirm

Review details and submit for processing

Important Checks Before Deposit

Date Validity: Ensure cheque is within 3 months from date of issue

Signature Match: Account holder's signature should match bank records

No Overwriting: Avoid overwriting or corrections on the cheque

Clear Amount: Amount in words and figures should match

No Damage: Cheque should not be torn, stained, or damaged

Account Number: Ensure payee's account number is correctly written

Cheque Processing Timeline

Day 0

Cheque Deposit

Cheque deposited through any method

Day 0-1

Bank Processing

Bank verifies and processes the cheque

Day 1-2

Clearing House

Cheque goes through clearing system

Day 2-3

Bank Credit

Amount credited if cheque is valid

Day 3-7

Hold Period

Hold period for new cheques

Common Issues & Solutions

Insufficient Funds

Cheque bounces due to insufficient funds in issuer's account

Signature Mismatch

Signature doesn't match with bank records

Overwriting/Cuttings

Any corrections or overwriting on cheque

Expired Cheque

Cheque older than 3 months from issue date

Damaged Cheque

Torn, stained, or damaged cheque

Wrong Account Number

Incorrect payee account details

Useful Tips

Use Mobile Apps

Mobile banking is the fastest and most convenient method for cheque deposits

Check Limits

Know your daily cheque deposit limits for mobile and ATM deposits

Keep Records

Always keep cheque deposit receipts and acknowledgments

Early Deposits

Deposit cheques before bank cut-off time for same-day processing

Related Guides

NEFT vs RTGS vs IMPS

Compare different fund transfer methods

Add Beneficiary Online

Learn to add beneficiaries for transfers

Fund Transfer Security

Essential security tips for online banking

Frequently Asked Questions

How long does a cheque take to clear?

Cheques typically take 2-3 working days to clear. Local cheques clear faster than outstation cheques.

Can I deposit a cheque at any ATM?

No, you can only deposit cheques at ATMs that have cheque deposit facility and belong to your bank or partner banks.

What is the maximum amount for mobile cheque deposit?

Limits vary by bank, typically ₹25,000 - ₹50,000 per day. Some banks may have higher limits for premium customers.

What if I lose the cheque deposit receipt?

Contact your bank immediately with cheque details, date, and amount deposited to track the status.

Can I deposit a post-dated cheque?

Yes, but it will only be processed on or after the date written on the cheque. Some banks may reject post-dated cheques.

Need to Find Bank Branch Details?

Search our comprehensive database of bank branches for cheque deposit facilities