IFSC Code of New India Cooperative Bank Limited, Ring Road, Surat, Surat, Gujarat — NICB0000102

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 Ring Road, Surat branch in Surat, Surat, or Gujarat, 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 Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code NICB0000102. 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, Ring Road, Surat, Surat

Here are the main details that are associated with the IFSC Code NICB0000102 of New India Cooperative Bank Limited for its branch located in Surat, within the district of Surat in the state of Gujarat.

These details helps users in online banking and for businesses and individuals who use New India Cooperative Bank Limited in Surat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NICB0000102 for the Ring Road, Surat branch of New India Cooperative Bank Limited plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including New India Cooperative Bank Limited located in Ring Road, Surat, Surat, Gujarat, is provided a unique IFSC like NICB0000102 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the New India Cooperative Bank Limited branch in Surat.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Surat and Surat.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for New India Cooperative Bank Limited in Ring Road, Surat do not get misguided to another person.

Format of the IFSC Code NICB0000102

The format of the IFSC Code for banks, including New India Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In New India Cooperative Bank Limited, 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 Ring Road, Surat in Surat.

For example, the IFSC Code NICB0000102 of New India Cooperative Bank Limited for the Ring Road, Surat branch has these elements, identifying the bank and the branch location in Surat and Gujarat correctly.

How to Find IFSC Code for New India Cooperative Bank Limited?

If you are trying to find the IFSC Code NICB0000102 of New India Cooperative Bank Limited for its Ring Road, Surat branch located in Surat, the following methods can help:

Cheque Book

The cheque books that are issued by New India Cooperative Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including New India Cooperative Bank Limited branches in Surat and Surat, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of New India Cooperative Bank Limited and find the branch locator section. Search for Ring Road, Surat or Surat to get the exact IFSC Code NICB0000102.

Mobile Banking App

If you use New India Cooperative Bank Limited's mobile app, you can easily 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 to help you in searching for New India Cooperative Bank Limited and Surat that will provide accurate information.

How to Use IFSC Code NICB0000102 for Online Transfers?

Once you have the IFSC Code NICB0000102 for the Ring Road, Surat branch of New India Cooperative Bank Limited in Surat, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code NICB0000102. 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 New India Cooperative Bank Limited IFSC Code NICB0000102.

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 Ring Road, Surat in Surat, 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 Ring Road, Surat, 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 Surat manage online transfers as well as cheque clearances with ease.