IFSC code for New India Co-operative Bank, Panchpakhadi, Brihan mumbai, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
NICB0000022
New India Co-operative Bank
Panchpakhadi, Thane, Maharashtra
Address
Shreeji Ville, Alemida Road, Panchpakhadi, Thae (w) 400 601.
New India Co-operative Bank
Panchpakhadi, Thane, Maharashtra
Address
Shreeji Ville, Alemida Road, Panchpakhadi, Thae (w) 400 601.
Bank Details
IFSC Code
NICB0000022
MICR Code
400085022
Bank Code
(Based on IFSC)
NICB
Bank Code
(Based on MICR)
085
Contact
+912264532791
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IFSC Code of New India Co-operative Bank
Every New India Co-operative Bank branch in India has a unique New India Co-operative Bank IFSC Code. New India Co-operative Bank IFSC Code enables New India Co-operative Bank account holders to send and receive money electronically. New India Co-operative 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 New India Co-operative Bank IFSC Code NICB0000022
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., NICB, denotes the name of the bank which is New India Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000022, represents the branch which is New India Co-operative Bank
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MICR Code of New India Co-operative Bank
Every New India Co-operative Bank branch in India has a unique New India Co-operative Bank MICR Code. MICR code for New India Co-operative 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 New India Co-operative 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.
