IFSC code for Nagpur Nagarik Sahakari Bank, Sadar, Nagpur, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
NGSB0000007
Nagpur Nagarik Sahakari Bank
Sadar, Nagpur, Maharashtra
Address
Mount Road,sadar
Nagpur Nagarik Sahakari Bank
Sadar, Nagpur, Maharashtra
Address
Mount Road,sadar
Bank Details
IFSC Code
NGSB0000007
MICR Code
440183007
Bank Code
(Based on IFSC)
NGSB
Bank Code
(Based on MICR)
183
Contact
+917122523080
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IFSC Code of Nagpur Nagarik Sahakari Bank
Every Nagpur Nagarik Sahakari Bank branch in India has a unique Nagpur Nagarik Sahakari Bank IFSC Code. Nagpur Nagarik Sahakari Bank IFSC Code enables Nagpur Nagarik Sahakari Bank account holders to send and receive money electronically. Nagpur Nagarik Sahakari Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Nagpur Nagarik Sahakari Bank IFSC Code NGSB0000007
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., NGSB, denotes the name of the bank which is Nagpur Nagarik Sahakari Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000007, represents the branch which is Nagpur Nagarik Sahakari Bank
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MICR Code of Nagpur Nagarik Sahakari Bank
Every Nagpur Nagarik Sahakari Bank branch in India has a unique Nagpur Nagarik Sahakari Bank MICR Code. MICR code for Nagpur Nagarik Sahakari Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Nagpur Nagarik Sahakari Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.