There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of North East Small Finance Bank Limited for its Singtam branch in South, Singtam, Sikkim, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of North East Small Finance Bank Limited situated in South or anywhere in Sikkim can easily transfer funds instantly by using the correct IFSC Code NESF0000119. You should 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, Singtam, South

Below in the table are the key details related to IFSC Code NESF0000119 of North East Small Finance Bank Limited for its branch located in South, within the district of Singtam in the state of Sikkim.

Particulars Details
Bank North East Small Finance Bank Limited
IFSC Code NESF0000119
Branch Singtam
City South
District Singtam
State Sikkim
Address Shanti Nagar,P.O-Singtam,P-S-Singtam

These details are essential not only for online banking users but also for businesses and individuals who use North East Small Finance Bank Limited in South for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000119 for the Singtam branch of North East Small Finance Bank Limited plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including North East Small Finance Bank Limited located in Singtam, South, Sikkim, is provided a unique IFSC like NESF0000119 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the North East Small Finance Bank Limited branch in South.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like South and Singtam.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Sikkim and the rest of India, the IFSC Code ensures that transactions meant for North East Small Finance Bank Limited in Singtam do not get misguided to another person.

Format of the IFSC Code NESF0000119

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 Singtam in South.

For example, the IFSC Code NESF0000119 of North East Small Finance Bank Limited for the Singtam branch includes these elements, identifying the bank and the branch location in South and Sikkim accurately.

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

To find the IFSC Code NESF0000119 of North East Small Finance Bank Limited for its Singtam branch located in South, 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 South and Singtam, 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 Singtam or South to find the exact IFSC Code NESF0000119.

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 South will provide accurate information.

How to Use IFSC Code NESF0000119 for Online Transfers?

If you have the IFSC Code NESF0000119 for the Singtam branch of North East Small Finance Bank Limited in South, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code NESF0000119. 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 NESF0000119.

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 Singtam in South, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of North East Small Finance Bank Limited in Singtam, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official North East Small Finance Bank Limited website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in South 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 in Singtam, South?

The IFSC Code is NESF0000119.

Is the IFSC Code NESF0000119 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

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

What is the full address of the Singtam branch?

The address of the branch is Shanti Nagar,P.O-Singtam,P-S-Singtam located in South, Singtam, Sikkim.

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.