For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of North East Small Finance Bank Limited for its Panitama branch in Kamrup, Kamrup, Assam, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today 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 NESF0000056. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for North East Small Finance Bank Limited, Panitama, Kamrup

Here are the main details that are associated with the IFSC Code NESF0000056 of North East Small Finance Bank Limited for its branch located in Kamrup, within the district of Kamrup in the state of Assam.

Particulars Details
Bank North East Small Finance Bank Limited
IFSC Code NESF0000056
Branch Panitama
City Kamrup
District Kamrup
State Assam
Address Borka,Po.Pub Borka,Ps.Kamalpur,Pin-781101

These details help 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 NESF0000056 for the Panitama 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 that is provided by the Reserve Bank of India. A unique IFSC like NESF0000056 is given to every bank branch, including North East Small Finance Bank Limited located in Panitama, 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 Kamrup.
  • 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 Panitama doesn't end up at another location.

Format of the IFSC Code NESF0000056

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): Show the bank code. For North East Small Finance 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 Panitama in Kamrup.

For example, the IFSC Code NESF0000056 of North East Small Finance Bank Limited for the Panitama 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 trying to find the IFSC Code NESF0000056 of North East Small Finance Bank Limited for its Panitama branch located in Kamrup, the following methods can help:

Cheque Book

The cheque books that are issued by North East Small Finance 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 North East Small Finance Bank Limited branches in Kamrup and Kamrup, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of North East Small Finance Bank Limited and find the branch locator section. Search for Panitama or Kamrup to get the exact IFSC Code NESF0000056.

Mobile Banking App

If you use North East Small Finance 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 North East Small Finance Bank Limited and Kamrup that will provide accurate information.

How to Use IFSC Code NESF0000056 for Online Transfers?

If you have the IFSC Code NESF0000056 for the Panitama 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 NESF0000056. 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 NESF0000056.

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 Panitama 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 Panitama, 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 North East Small Finance Bank Limited website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Kamrup manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

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

The IFSC Code of the Panitama Kamrup branch is NESF0000056.

Is IFSC Code NESF0000056 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 Panitama branch?

The branch is located at Borka,Po.Pub Borka,Ps.Kamalpur,Pin-781101.

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.