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 Tuensang branch in Tuensang, Tuensang, Nagaland, 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 Tuensang or anywhere in Nagaland can easily transfer funds instantly by using the correct IFSC Code NESF0000242. 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, Tuensang, Tuensang
Below in the table are the key details related to IFSC Code NESF0000242 of North East Small Finance Bank Limited for its branch located in Tuensang, within the district of Tuensang in the state of Nagaland.
| Particulars | Details |
|---|---|
| Bank | North East Small Finance Bank Limited |
| IFSC Code | NESF0000242 |
| Branch | Tuensang |
| City | Tuensang |
| District | Tuensang |
| State | Nagaland |
| Address | Near Ecs Office,Ghss Road,Tuensang |
These details helps users in online banking and for businesses and individuals who use North East Small Finance Bank Limited in Tuensang for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000242 for the Tuensang branch of North East Small Finance Bank Limited plays a vital 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 NESF0000242 is given to every bank branch, including North East Small Finance Bank Limited located in Tuensang, Tuensang, Nagaland, 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 Tuensang.
- 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 Tuensang and Tuensang.
- 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 Nagaland and the rest of India, which is why the IFSC Code ensures that transactions meant for North East Small Finance Bank Limited in Tuensang doesn't end up at another location.
Format of the IFSC Code NESF0000242
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 Tuensang in Tuensang.
For example, the IFSC Code NESF0000242 of North East Small Finance Bank Limited for the Tuensang branch includes these elements, identifying the bank and the branch location in Tuensang and Nagaland accurately.
How to Find IFSC Code for North East Small Finance Bank Limited?
To find the IFSC Code NESF0000242 of North East Small Finance Bank Limited for its Tuensang branch located in Tuensang, 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 Tuensang and Tuensang, 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 Tuensang or Tuensang to find the exact IFSC Code NESF0000242.
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 Tuensang will provide accurate information.
How to Use IFSC Code NESF0000242 for Online Transfers?
Once you have the IFSC Code NESF0000242 for the Tuensang branch of North East Small Finance Bank Limited in Tuensang, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code NESF0000242. 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 NESF0000242.
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 Tuensang in Tuensang, 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 Tuensang, 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 Tuensang manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is NESF0000242.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Near Ecs Office,Ghss Road,Tuensang located in Tuensang, Tuensang, Nagaland.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.