The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Nkgsb Cooperative Bank Limited for its Borivali(W) branch in Mumbai, Mumbai, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Nkgsb Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code NKGS0000023. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Nkgsb Cooperative Bank Limited, Borivali(W), Mumbai
The table below shows the main details of the IFSC Code NKGS0000023 for the Nkgsb Cooperative Bank Limited branch in Mumbai, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Nkgsb Cooperative Bank Limited |
| IFSC Code | NKGS0000023 |
| Branch | Borivali(W) |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | 16/17, Rameshwar Tower, Next To Gokhale High School, Shimpoli Road, Borivali (W), Mumbai-400092, State-Maharashtra. |
These details helps users in online banking and for businesses and individuals who use Nkgsb Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NKGS0000023 for the Borivali(W) branch of Nkgsb Cooperative Bank Limited 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 Nkgsb Cooperative Bank Limited located in Borivali(W), Mumbai, Maharashtra, are allotted a unique IFSC like NKGS0000023 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mumbai and Mumbai.
- 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 Nkgsb Cooperative Bank Limited in Borivali(W) reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code NKGS0000023
The format of the IFSC Code for banks, including Nkgsb Cooperative Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Nkgsb Cooperative Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Borivali(W) in Mumbai.
For example, the IFSC Code NKGS0000023 of Nkgsb Cooperative Bank Limited for the Borivali(W) branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Nkgsb Cooperative Bank Limited?
If you are trying to find the IFSC Code NKGS0000023 of Nkgsb Cooperative Bank Limited for its Borivali(W) branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book issued by Nkgsb Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Nkgsb Cooperative Bank Limited branches in Mumbai and Mumbai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Nkgsb Cooperative Bank Limited and navigate to the branch locator section. Search for Borivali(W) or Mumbai to get the exact IFSC Code NKGS0000023.
Mobile Banking App
If you use Nkgsb 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 Nkgsb Cooperative Bank Limited and Mumbai, you'll get the correct details.
How to Use IFSC Code NKGS0000023 for Online Transfers?
If you have the IFSC Code NKGS0000023 for the Borivali(W) branch of Nkgsb Cooperative Bank Limited in Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code NKGS0000023. Transfers are processed in batches. 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. Asks for the recipient's account details and Nkgsb Cooperative Bank Limited IFSC Code NKGS0000023.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Nkgsb Cooperative Bank Limited Borivali(W) in Mumbai, it 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 Nkgsb Cooperative Bank Limited in Borivali(W), 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 Nkgsb Cooperative Bank Limited website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is NKGS0000023.
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 16/17, Rameshwar Tower, Next To Gokhale High School, Shimpoli Road, Borivali (W), Mumbai-400092, State-Maharashtra. located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.