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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of North East Small Finance Bank Limited for its Borgang branch in Biswanath Chariali, Borgang, Assam, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of North East Small Finance Bank Limited located in Biswanath Chariali or anywhere in Assam can transfer funds instantly by using the correct IFSC Code NESF0000053. 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 North East Small Finance Bank Limited, Borgang, Biswanath Chariali
Here are some of the key details that come with the IFSC Code NESF0000053 of North East Small Finance Bank Limited for its branch located in Biswanath Chariali, within the district of Borgang in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | North East Small Finance Bank Limited |
| IFSC Code | NESF0000053 |
| Branch | Borgang |
| City | Biswanath Chariali |
| District | Borgang |
| State | Assam |
| Address | Vill.Maramgaon, Po. Borgang, Ps.Borgang-Bheli |
These details helps users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Biswanath Chariali for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000053 for the Borgang branch of North East Small Finance 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, including North East Small Finance Bank Limited located in Borgang, Biswanath Chariali, Assam, is provided with a unique IFSC like NESF0000053 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the North East Small Finance Bank Limited branch in Biswanath Chariali.
- 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 Biswanath Chariali and Borgang.
- 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 Assam and the rest of India and the IFSC Code ensures that transactions meant for North East Small Finance Bank Limited in Borgang do not get mixed with another location.
Format of the IFSC Code NESF0000053
The format of the IFSC Code for banks, including North East Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In North East Small Finance 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 Borgang in Biswanath Chariali.
For example, the IFSC Code NESF0000053 of North East Small Finance Bank Limited for the Borgang branch has these elements, identifying the bank and the branch location in Biswanath Chariali and Assam correctly.
How to Find IFSC Code for North East Small Finance Bank Limited?
If you are looking for the IFSC Code NESF0000053 of North East Small Finance Bank Limited for its Borgang branch located in Biswanath Chariali, the following methods can help:
Cheque Book
The cheque book that is issued by North East Small Finance Bank Limited 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 North East Small Finance Bank Limited branches in Biswanath Chariali and Borgang, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of North East Small Finance Bank Limited and look for the branch locator section, then search for Borgang or Biswanath Chariali to get the exact IFSC Code NESF0000053.
Mobile Banking App
If you use North East Small Finance Bank Limited'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 North East Small Finance Bank Limited and Biswanath Chariali, then it will provide you proper information.
How to Use IFSC Code NESF0000053 for Online Transfers?
If you have the IFSC Code NESF0000053 for the Borgang branch of North East Small Finance Bank Limited in Biswanath Chariali, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code NESF0000053. 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 North East Small Finance Bank Limited IFSC Code NESF0000053.
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 North East Small Finance Bank Limited Borgang in Biswanath Chariali, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of North East Small Finance Bank Limited in Borgang, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official North East Small Finance Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Biswanath Chariali manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is NESF0000053.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vill.Maramgaon, Po. Borgang, Ps.Borgang-Bheli located in Biswanath Chariali, Borgang, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.