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 Mokokchung branch in Mokokchung, Mokokchung, Nagaland, 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 Mokokchung or anywhere in Nagaland can transfer funds instantly by using the correct IFSC Code NESF0000240. 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, Mokokchung, Mokokchung
Here are some of the key details that come with the IFSC Code NESF0000240 of North East Small Finance Bank Limited for its branch located in Mokokchung, within the district of Mokokchung in the state of Nagaland.
| Particulars | Details |
|---|---|
| Bank | North East Small Finance Bank Limited |
| IFSC Code | NESF0000240 |
| Branch | Mokokchung |
| City | Mokokchung |
| District | Mokokchung |
| State | Nagaland |
| Address | House No 337,Deogratia,Arkong Ward |
These details help users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Mokokchung for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000240 for the Mokokchung 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, along with North East Small Finance Bank Limited located in Mokokchung, Mokokchung, Nagaland, are allotted a unique IFSC like NESF0000240 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mokokchung.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mokokchung and Mokokchung.
- 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 North East Small Finance Bank Limited in Mokokchung reaches the right place, even though there are thousands of branches in Nagaland and across India.
Format of the IFSC Code NESF0000240
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 of this:
- First 4 characters (AAAA): Represent the bank code. For North East Small Finance Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mokokchung in Mokokchung.
For example, the IFSC Code NESF0000240 of North East Small Finance Bank Limited for the Mokokchung branch includes these elements, identifying the bank and the branch location in Mokokchung and Nagaland accurately.
How to Find IFSC Code for North East Small Finance Bank Limited?
If you are looking for the IFSC Code NESF0000240 of North East Small Finance Bank Limited for its Mokokchung branch located in Mokokchung, 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 Mokokchung and Mokokchung, 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 Mokokchung or Mokokchung to get the exact IFSC Code NESF0000240.
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 Mokokchung, then it will provide you proper information.
How to Use IFSC Code NESF0000240 for Online Transfers?
Once you have the IFSC Code NESF0000240 for the Mokokchung branch of North East Small Finance Bank Limited in Mokokchung, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code NESF0000240. 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 NESF0000240.
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 Mokokchung in Mokokchung, your payment can get delayed or might not go through at all.
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 Mokokchung, 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 Mokokchung manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is NESF0000240.
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 House No 337,Deogratia,Arkong Ward located in Mokokchung, Mokokchung, Nagaland.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.