IFSC Code of North East Small Finance Bank Limited, Matia, Matia, Assam- NESF0000047

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 Matia branch in Olr, Matia, 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 Olr or anywhere in Assam can transfer funds instantly by using the correct IFSC Code NESF0000047. 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, Matia, Olr

Below in the table are the key details related to IFSC Code NESF0000047 of North East Small Finance Bank Limited for its branch located in Olr, within the district of Matia in the state of Assam.

These details are crucial, not just for online banking users but also for businesses and individuals who use North East Small Finance Bank Limited in Olr for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000047 for the Matia branch of North East Small Finance Bank Limited has an 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 NESF0000047 is given to every bank branch, including North East Small Finance Bank Limited located in Matia, Olr, 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 Olr.
• 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 Olr and Matia.
• 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 Matia doesn't end up at another location.

Format of the IFSC Code NESF0000047

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 Matia in Olr.

For example, the IFSC Code NESF0000047 of North East Small Finance Bank Limited for the Matia branch includes these elements, identifying the bank and the branch location in Olr and Assam accurately.

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

To find the IFSC Code NESF0000047 of North East Small Finance Bank Limited for its Matia branch located in Olr, the following methods can help you out:

Cheque Book

The cheque book issued by North East Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including North East Small Finance Bank Limited branches in Olr and Matia, 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 go to the branch locator section. Then search for Matia or Olr to find the exact IFSC Code NESF0000047.

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 maintains an updated database of all IFSC codes. Searching for North East Small Finance Bank Limited and Olr will provide accurate information.

How to Use IFSC Code NESF0000047 for Online Transfers?

Once you have the IFSC Code NESF0000047 for the Matia branch of North East Small Finance Bank Limited in Olr, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code NESF0000047. 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 NESF0000047.

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 Matia in Olr, your payment can get delayed or might not go through at all.

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 Matia, 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 Olr to handle online money transfers and get their cheques cleared smoothly.