IFSC code for Nagrik Sahakari Bank Indore, Nagrik sahakari bank indore imps, Na, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
IBKL0001NSB
Nagrik Sahakari Bank Indore
Nagrik Sahakari Bank Indore Imps, Mumbai, Maharashtra
Address
Na
Nagrik Sahakari Bank Indore
Nagrik Sahakari Bank Indore Imps, Mumbai, Maharashtra
Address
Na
Bank Details
IFSC Code
IBKL0001NSB
MICR Code
NA
Bank Code
(Based on IFSC)
NSIX
Bank Code
(Based on MICR)
NA
Contact
NA
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IFSC Code of Nagrik Sahakari Bank Indore
Every Nagrik Sahakari Bank Indore branch in India has a unique Nagrik Sahakari Bank Indore IFSC Code. Nagrik Sahakari Bank Indore IFSC Code enables Nagrik Sahakari Bank Indore account holders to send and receive money electronically. Nagrik Sahakari Bank Indore 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 Nagrik Sahakari Bank Indore IFSC Code IBKL0001NSB
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., IBKL, denotes the name of the bank which is Nagrik Sahakari Bank Indore.
The fifth character is 0.
The last six digits of the code, i.e., 001NSB, represents the branch which is Nagrik Sahakari Bank Indore
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MICR Code of Nagrik Sahakari Bank Indore
Every Nagrik Sahakari Bank Indore branch in India has a unique Nagrik Sahakari Bank Indore MICR Code. MICR code for Nagrik Sahakari Bank Indore 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 Nagrik Sahakari Bank Indore. 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.
