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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of North East Small Finance Bank Limited for its Demow branch in Sivsagar, Demow, or Assam, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of North East Small Finance Bank Limited located in Sivsagar or anywhere in Assam can transfer funds instantly by using the correct IFSC Code NESF0000086. 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, Demow, Sivsagar

Here are some of the key details that come with the IFSC Code NESF0000086 of North East Small Finance Bank Limited for its branch located in Sivsagar, within the district of Demow in the state of Assam.

Particulars Details
Bank North East Small Finance Bank Limited
IFSC Code NESF0000086
Branch Demow
City Sivsagar
District Demow
State Assam
Address Demow,P.O - Demow,P.S-Demow

These details help users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Sivsagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000086 for the Demow 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 NESF0000086 is given to every bank branch, including North East Small Finance Bank Limited located in Demow, Sivsagar, 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 Sivsagar.
  • 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 Sivsagar and Demow.
  • 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 Demow doesn't end up at another location.

Format of the IFSC Code NESF0000086

The format of the IFSC Code for banks, including North East Small Finance Bank Limited, has 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 Demow in Sivsagar.

For example, the IFSC Code NESF0000086 of North East Small Finance Bank Limited for the Demow branch includes these elements, identifying the bank and the branch location in Sivsagar and Assam correctly.

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

If you are trying to find the IFSC Code NESF0000086 of North East Small Finance Bank Limited for its Demow branch located in Sivsagar, 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 Sivsagar and Demow, 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 Demow or Sivsagar to get the exact IFSC Code NESF0000086.

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 Sivsagar that will provide accurate information.

How to Use IFSC Code NESF0000086 for Online Transfers?

Once you have the IFSC Code NESF0000086 for the Demow branch of North East Small Finance Bank Limited in Sivsagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code NESF0000086. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and North East Small Finance Bank Limited IFSC Code NESF0000086.

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 Demow in Sivsagar, 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 Demow, 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 Sivsagar 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 in Demow, Sivsagar?

The IFSC Code is NESF0000086.

Is the IFSC Code NESF0000086 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of North East Small Finance Bank Limited Demow?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Demow branch?

The address of the branch is Demow,P.O - Demow,P.S-Demow located in Sivsagar, Demow, Assam.

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.