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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of North East Small Finance Bank Limited for its Khumulwng branch in West Tripura, Khumulwng, Tripura, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of North East Small Finance Bank Limited located in West Tripura or anywhere in Tripura can transfer funds instantly by using the correct IFSC Code NESF0000241. 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, Khumulwng, West Tripura

Here are the main details that are associated with the IFSC Code NESF0000241 of North East Small Finance Bank Limited for its branch located in West Tripura, within the district of Khumulwng in the state of Tripura.

Particulars Details
Bank North East Small Finance Bank Limited
IFSC Code NESF0000241
Branch Khumulwng
City West Tripura
District Khumulwng
State Tripura
Address Zonal Office,Ttaadc,Khumulwng Adc Headquater Complex,P.S J.J Nagar,P.O Radhanagar,West Tripura,Tripura 799045

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 West Tripura for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code NESF0000241 for the Khumulwng 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 provided by the Reserve Bank of India. Every bank branch, along with North East Small Finance Bank Limited located in Khumulwng, West Tripura, Tripura, are allotted a unique IFSC like NESF0000241 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in West Tripura.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like West Tripura and Khumulwng.
  • 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 Khumulwng reaches the right place, even though there are thousands of branches in Tripura and across India.

Format of the IFSC Code NESF0000241

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 Khumulwng in West Tripura.

For example, the IFSC Code NESF0000241 of North East Small Finance Bank Limited for the Khumulwng branch includes these elements, identifying the bank and the branch location in West Tripura and Tripura accurately.

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

If you are trying to find the IFSC Code NESF0000241 of North East Small Finance Bank Limited for its Khumulwng branch located in West Tripura, 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 West Tripura and Khumulwng, 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 Khumulwng or West Tripura to get the exact IFSC Code NESF0000241.

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 West Tripura that will provide accurate information.

How to Use IFSC Code NESF0000241 for Online Transfers?

Once you have the IFSC Code NESF0000241 for the Khumulwng branch of North East Small Finance Bank Limited in West Tripura, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code NESF0000241. 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 NESF0000241.

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 Khumulwng in West Tripura, 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 Khumulwng, 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 West Tripura manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of North East Small Finance Bank Limited Khumulwng West Tripura?

The IFSC Code of the Khumulwng West Tripura branch is NESF0000241.

Is IFSC Code NESF0000241 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the North East Small Finance Bank Limited Khumulwng branch?

The branch is located at Zonal Office,Ttaadc,Khumulwng Adc Headquater Complex,P.S J.J Nagar,P.O Radhanagar,West Tripura,Tripura 799045.

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.