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 Chaygaon branch in Chaygaon, Chaygaon, 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 Chaygaon or anywhere in Assam can transfer funds instantly by using the correct IFSC Code NESF0000072. 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, Chaygaon, Chaygaon
Below in the table are the key details related to IFSC Code NESF0000072 of North East Small Finance Bank Limited for its branch located in Chaygaon, within the district of Chaygaon in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | North East Small Finance Bank Limited |
| IFSC Code | NESF0000072 |
| Branch | Chaygaon |
| City | Chaygaon |
| District | Chaygaon |
| State | Assam |
| Address | Nh-37,Opposite-Chaygaon Police Station,Chaygaon,Assam,Pin-781124 |
These details help users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Chaygaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000072 for the Chaygaon branch of North East Small Finance Bank Limited has a very 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 North East Small Finance Bank Limited located in Chaygaon, Chaygaon, Assam, is provided with a unique IFSC like NESF0000072 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 Chaygaon.
- 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 Chaygaon and Chaygaon.
- 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 Chaygaon do not get mixed with another location.
Format of the IFSC Code NESF0000072
This is the format of the IFSC Code for banks, including North East Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For North East Small Finance Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Chaygaon in Chaygaon.
For example, the IFSC Code NESF0000072 of North East Small Finance Bank Limited for the Chaygaon branch includes these elements, identifying the bank and the branch location in Chaygaon and Assam accurately.
How to Find IFSC Code for North East Small Finance Bank Limited?
If you are trying to find the IFSC Code NESF0000072 of North East Small Finance Bank Limited for its Chaygaon branch located in Chaygaon, the following methods can help:
Cheque Book
The cheque book issued by North East Small Finance 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 North East Small Finance Bank Limited branches in Chaygaon and Chaygaon, print them on the first page of your passbook.
Bank Website
Visit the official website of North East Small Finance Bank Limited and navigate to the branch locator section. Search for Chaygaon or Chaygaon to get the exact IFSC Code NESF0000072.
Mobile Banking App
If you use North East Small Finance 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 North East Small Finance Bank Limited and Chaygaon, you'll get the correct details.
How to Use IFSC Code NESF0000072 for Online Transfers?
Once you have the IFSC Code NESF0000072 for the Chaygaon branch of North East Small Finance Bank Limited in Chaygaon, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code NESF0000072. 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 North East Small Finance Bank Limited IFSC Code NESF0000072.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the North East Small Finance Bank Limited Chaygaon in Chaygaon, 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 North East Small Finance Bank Limited in Chaygaon, 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 North East Small Finance Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Chaygaon manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is NESF0000072.
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 Nh-37,Opposite-Chaygaon Police Station,Chaygaon,Assam,Pin-781124 located in Chaygaon, Chaygaon, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.