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 Borihat branch in Kamrup, Borihat, 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 Kamrup or anywhere in Assam can transfer funds instantly by using the correct IFSC Code NESF0000071. 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, Borihat, Kamrup

Here are some of the key details that come with the IFSC Code NESF0000071 of North East Small Finance Bank Limited for its branch located in Kamrup, within the district of Borihat in the state of Assam.

Particulars Details
Bank North East Small Finance Bank Limited
IFSC Code NESF0000071
Branch Borihat
City Kamrup
District Borihat
State Assam
Address Amranga,Po.Borihat,P.S-Palashbari

These details helps users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Kamrup for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000071 for the Borihat 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 that is provided by the Reserve Bank of India. A unique IFSC like NESF0000071 is given to every bank branch, including North East Small Finance Bank Limited located in Borihat, Kamrup, Assam, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the North East Small Finance Bank Limited branch in Kamrup.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Kamrup and Borihat.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Assam and the rest of India, which is why the IFSC Code ensures that transactions meant for North East Small Finance Bank Limited in Borihat doesn't end up at another location.

Format of the IFSC Code NESF0000071

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 Borihat in Kamrup.

For example, the IFSC Code NESF0000071 of North East Small Finance Bank Limited for the Borihat branch includes these elements, identifying the bank and the branch location in Kamrup and Assam accurately.

How to Find IFSC Code for North East Small Finance Bank Limited?

If you are looking for the IFSC Code NESF0000071 of North East Small Finance Bank Limited for its Borihat branch located in Kamrup, 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 Kamrup and Borihat, 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 Borihat or Kamrup to get the exact IFSC Code NESF0000071.

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 Kamrup, then it will provide you proper information.

How to Use IFSC Code NESF0000071 for Online Transfers?

If you have the IFSC Code NESF0000071 for the Borihat branch of North East Small Finance Bank Limited in Kamrup, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code NESF0000071. 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 NESF0000071.

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 Borihat in Kamrup, 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 North East Small Finance Bank Limited in Borihat, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Kamrup to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of North East Small Finance Bank Limited Borihat Kamrup?

The IFSC Code of the Borihat Kamrup branch is NESF0000071.

Is IFSC Code NESF0000071 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the North East Small Finance Bank Limited Borihat branch?

The branch is located at Amranga,Po.Borihat,P.S-Palashbari.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.