There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Chikhli branch in Chikhli, Buldhana, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Deogiri Nagari Sahakari Bank Ltd. Aurangabad situated in Chikhli or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code DEOB0000032. You should 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, Chikhli, Chikhli

Here are the main details that are associated with the IFSC Code DEOB0000032 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its branch located in Chikhli, within the district of Buldhana in the state of Maharashtra.

Particulars Details
Bank Deogiri Nagari Sahakari Bank Ltd. Aurangabad
IFSC Code DEOB0000032
Branch Chikhli
City Chikhli
District Buldhana
State Maharashtra
Address Plot No.6-B,7-B,8-B,Cts No.1799 Ward No.7,Bus-Stand Road,Chikhli Dist.Buldhana

These details helps users in online banking and for businesses and individuals who use Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Chikhli for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DEOB0000032 for the Chikhli 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, including Deogiri Nagari Sahakari Bank Ltd. Aurangabad located in Chikhli, Chikhli, Maharashtra, is provided with a unique IFSC like DEOB0000032 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Deogiri Nagari Sahakari Bank Ltd. Aurangabad branch in Chikhli.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Chikhli and Buldhana.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Chikhli do not get mixed with another location.

Format of the IFSC Code DEOB0000032

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:

  • First 4 characters (AAAA): These represent the bank code. In Deogiri Nagari Sahakari Bank Ltd. Aurangabad, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Chikhli in Chikhli.

For example, the IFSC Code DEOB0000032 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for the Chikhli branch has these elements, identifying the bank and the branch location in Chikhli and Maharashtra correctly.

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

To find the IFSC Code DEOB0000032 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Chikhli branch located in Chikhli, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Deogiri Nagari Sahakari Bank Ltd. Aurangabad and go to the branch locator section. Then search for Chikhli or Chikhli to find the exact IFSC Code DEOB0000032.

Mobile Banking App

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

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Deogiri Nagari Sahakari Bank Ltd. Aurangabad and Chikhli will provide accurate information.

How to Use IFSC Code DEOB0000032 for Online Transfers?

Once you have the IFSC Code DEOB0000032 for the Chikhli branch of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Chikhli, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DEOB0000032. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹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 DEOB0000032.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Deogiri Nagari Sahakari Bank Ltd. Aurangabad Chikhli in Chikhli may result in delayed or failed transactions.

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 Chikhli, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Chikhli manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Chikhli, Chikhli?

The IFSC Code is DEOB0000032.

Is the IFSC Code DEOB0000032 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad Chikhli?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Chikhli branch?

The address of the branch is Plot No.6-B,7-B,8-B,Cts No.1799 Ward No.7,Bus-Stand Road,Chikhli Dist.Buldhana located in Chikhli, Buldhana, Maharashtra.

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.