Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Ahmednagar branch in Ahmednagar, Ahmednagar, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Deogiri Nagari Sahakari Bank Ltd. Aurangabad located in Ahmednagar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code DEOB0000016. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Deogiri Nagari Sahakari Bank Ltd. Aurangabad, Ahmednagar, Ahmednagar

Here are the key points that are associated with the IFSC Code DEOB0000016 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its branch located in Ahmednagar, within the district of Ahmednagar in the state of Maharashtra.

Particulars Details
Bank Deogiri Nagari Sahakari Bank Ltd. Aurangabad
IFSC Code DEOB0000016
Branch Ahmednagar
City Ahmednagar
District Ahmednagar
State Maharashtra
Address Shop No.8,9,10,Raunak Center,Pipe Line Road,Bhistabhag Chowk,Savedi,Ahmednagar

These details helps users in online banking and for businesses and individuals who use Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Ahmednagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DEOB0000016 for the Ahmednagar branch of Deogiri Nagari Sahakari Bank Ltd. Aurangabad plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Deogiri Nagari Sahakari Bank Ltd. Aurangabad located in Ahmednagar, Ahmednagar, Maharashtra, are given a unique IFSC like DEOB0000016 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ahmednagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Ahmednagar and Ahmednagar.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Ahmednagar goes to the correct branch. This is important because Deogiri Nagari Sahakari Bank Ltd. Aurangabad has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code DEOB0000016

The format of the IFSC Code for banks, including Deogiri Nagari Sahakari Bank Ltd. Aurangabad, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Deogiri Nagari Sahakari Bank Ltd. Aurangabad, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmednagar in Ahmednagar.

For example, the IFSC Code DEOB0000016 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for the Ahmednagar branch includes these elements, identifying the bank and the branch location in Ahmednagar and Maharashtra accurately.

How to Find IFSC Code for Deogiri Nagari Sahakari Bank Ltd. Aurangabad?

If you are looking for the IFSC Code DEOB0000016 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Ahmednagar branch located in Ahmednagar, the following methods can help:

Cheque Book

The cheque book that is issued by Deogiri Nagari Sahakari Bank Ltd. Aurangabad includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Deogiri Nagari Sahakari Bank Ltd. Aurangabad branches in Ahmednagar and Ahmednagar, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Deogiri Nagari Sahakari Bank Ltd. Aurangabad and look for the branch locator section, then search for Ahmednagar or Ahmednagar to get the exact IFSC Code DEOB0000016.

Mobile Banking App

If you use Deogiri Nagari Sahakari Bank Ltd. Aurangabad's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Deogiri Nagari Sahakari Bank Ltd. Aurangabad and Ahmednagar, then it will provide you proper information.

How to Use IFSC Code DEOB0000016 for Online Transfers?

Once you have the IFSC Code DEOB0000016 for the Ahmednagar branch of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Ahmednagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code DEOB0000016. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Deogiri Nagari Sahakari Bank Ltd. Aurangabad IFSC Code DEOB0000016.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Deogiri Nagari Sahakari Bank Ltd. Aurangabad Ahmednagar in Ahmednagar, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Ahmednagar, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Deogiri Nagari Sahakari Bank Ltd. Aurangabad website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Ahmednagar to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad Ahmednagar Ahmednagar?

The IFSC Code of the Ahmednagar Ahmednagar branch is DEOB0000016.

Is IFSC Code DEOB0000016 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Deogiri Nagari Sahakari Bank Ltd. Aurangabad Ahmednagar branch?

The branch is located at Shop No.8,9,10,Raunak Center,Pipe Line Road,Bhistabhag Chowk,Savedi,Ahmednagar.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.