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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Selu branch in Selu, Parbhani, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Deogiri Nagari Sahakari Bank Ltd. Aurangabad located in Selu or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code DEOB0000014. 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, Selu, Selu

The table below shows the main details of the IFSC Code DEOB0000014 for the Deogiri Nagari Sahakari Bank Ltd. Aurangabad branch in Selu, which falls under the Parbhani district in Maharashtra.

Particulars Details
Bank Deogiri Nagari Sahakari Bank Ltd. Aurangabad
IFSC Code DEOB0000014
Branch Selu
City Selu
District Parbhani
State Maharashtra
Address Nutan Road,Selu Dist.Parbhani

These details are crucial, not just for online banking users but also for businesses and individuals who use Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Selu for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DEOB0000014 for the Selu branch of Deogiri Nagari Sahakari Bank Ltd. Aurangabad has an important 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 Selu, Selu, Maharashtra, are allotted a unique IFSC like DEOB0000014 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Selu reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code DEOB0000014

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 Selu in Selu.

For example, the IFSC Code DEOB0000014 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for the Selu branch includes these elements, identifying the bank and the branch location in Selu and Maharashtra accurately.

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

If you are looking for the IFSC Code DEOB0000014 of Deogiri Nagari Sahakari Bank Ltd. Aurangabad for its Selu branch located in Selu, 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 Selu and Parbhani, 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 Selu or Selu to get the exact IFSC Code DEOB0000014.

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 Selu, then it will provide you proper information.

How to Use IFSC Code DEOB0000014 for Online Transfers?

Once you have the IFSC Code DEOB0000014 for the Selu branch of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Selu, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DEOB0000014. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

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

IMPS

Instant 24×7 transfers. You need the recipient's account details and Deogiri Nagari Sahakari Bank Ltd. Aurangabad IFSC Code DEOB0000014.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Deogiri Nagari Sahakari Bank Ltd. Aurangabad Selu in Selu, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Deogiri Nagari Sahakari Bank Ltd. Aurangabad in Selu, you can find it by any of the following ways:

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

Having both IFSC and MICR codes helps account holders in Selu 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 Selu, Selu?

The IFSC Code is DEOB0000014.

Is the IFSC Code DEOB0000014 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 Selu?

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 Selu branch?

The address of the branch is Nutan Road,Selu Dist.Parbhani located in Selu, Parbhani, 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.