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 New India Cooperative Bank Limited for its Mira Road branch in Brihan Mumbai, Thane, 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 New India Cooperative Bank Limited located in Brihan Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code NICB0000017. 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 New India Cooperative Bank Limited, Mira Road, Brihan Mumbai
Below in the table are the key details related to IFSC Code NICB0000017 of New India Cooperative Bank Limited for its branch located in Brihan Mumbai, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | New India Cooperative Bank Limited |
| IFSC Code | NICB0000017 |
| Branch | Mira Road |
| City | Brihan Mumbai |
| District | Thane |
| State | Maharashtra |
| Address | B-42/43, Sector -1, Shanti Nagar, Mira Road, Dist.-Thane 401 107 |
These details are crucial, not just for online banking users but also for businesses and individuals who use New India Cooperative Bank Limited in Brihan Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NICB0000017 for the Mira Road branch of New India Cooperative Bank Limited 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, including New India Cooperative Bank Limited located in Mira Road, Brihan Mumbai, Maharashtra, is provided with a unique IFSC like NICB0000017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the New India Cooperative Bank Limited branch in Brihan Mumbai.
- 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 Brihan Mumbai and Thane.
- 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 New India Cooperative Bank Limited in Mira Road do not get mixed with another location.
Format of the IFSC Code NICB0000017
The format of the IFSC Code for banks, including New India Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For New India Cooperative Bank Limited, 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 Mira Road in Brihan Mumbai.
For example, the IFSC Code NICB0000017 of New India Cooperative Bank Limited for the Mira Road branch includes these elements, identifying the bank and the branch location in Brihan Mumbai and Maharashtra accurately.
How to Find IFSC Code for New India Cooperative Bank Limited?
If you are trying to find the IFSC Code NICB0000017 of New India Cooperative Bank Limited for its Mira Road branch located in Brihan Mumbai, the following methods can help:
Cheque Book
The cheque book issued by New India Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including New India Cooperative Bank Limited branches in Brihan Mumbai and Thane, print them on the first page of your passbook.
Bank Website
Visit the official website of New India Cooperative Bank Limited and navigate to the branch locator section. Search for Mira Road or Brihan Mumbai to get the exact IFSC Code NICB0000017.
Mobile Banking App
If you use New India Cooperative Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for New India Cooperative Bank Limited and Brihan Mumbai, you'll get the correct details.
How to Use IFSC Code NICB0000017 for Online Transfers?
Once you have the IFSC Code NICB0000017 for the Mira Road branch of New India Cooperative Bank Limited in Brihan Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code NICB0000017. The transfer is completed in batches instead of instantly. It is useful for both 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 New India Cooperative Bank Limited IFSC Code NICB0000017.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the New India Cooperative Bank Limited Mira Road in Brihan Mumbai, your payment can get delayed or might not go through at all.
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 New India Cooperative Bank Limited in Mira Road, 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 New India Cooperative Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Brihan Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is NICB0000017.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is B-42/43, Sector -1, Shanti Nagar, Mira Road, Dist.-Thane 401 107 located in Brihan Mumbai, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.