The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Kurmanchal Nagar Sahakari Bank Limited for its Bhowali branch in Bhowali, Nainital, Uttarakhand, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Kurmanchal Nagar Sahakari Bank Limited located in Bhowali or anywhere in Uttarakhand can transfer funds instantly by using the correct IFSC Code KNSB0010023. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Kurmanchal Nagar Sahakari Bank Limited, Bhowali, Bhowali
Below in the table are the key details related to IFSC Code KNSB0010023 of The Kurmanchal Nagar Sahakari Bank Limited for its branch located in Bhowali, within the district of Nainital in the state of Uttarakhand.
| Particulars | Details |
|---|---|
| Bank | The Kurmanchal Nagar Sahakari Bank Limited |
| IFSC Code | KNSB0010023 |
| Branch | Bhowali |
| City | Bhowali |
| District | Nainital |
| State | Uttarakhand |
| Address | Hotel Tourist Campus, Main Chauraha |
These details are essential not only for online banking users but also for businesses and individuals who use The Kurmanchal Nagar Sahakari Bank Limited in Bhowali for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KNSB0010023 for the Bhowali branch of The Kurmanchal Nagar Sahakari Bank Limited plays 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 The Kurmanchal Nagar Sahakari Bank Limited located in Bhowali, Bhowali, Uttarakhand, are given a unique IFSC like KNSB0010023 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhowali.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bhowali and Nainital.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Kurmanchal Nagar Sahakari Bank Limited in Bhowali goes to the correct branch. This is important because The Kurmanchal Nagar Sahakari Bank Limited has thousands of branches in Uttarakhand and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code KNSB0010023
The format of the IFSC Code for banks, including The Kurmanchal Nagar Sahakari Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Kurmanchal Nagar Sahakari 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 Bhowali in Bhowali.
For example, the IFSC Code KNSB0010023 of The Kurmanchal Nagar Sahakari Bank Limited for the Bhowali branch includes these elements, identifying the bank and the branch location in Bhowali and Uttarakhand accurately.
How to Find IFSC Code for The Kurmanchal Nagar Sahakari Bank Limited?
If you are trying to find the IFSC Code KNSB0010023 of The Kurmanchal Nagar Sahakari Bank Limited for its Bhowali branch located in Bhowali, the following methods can help:
Cheque Book
The cheque books that are issued by The Kurmanchal Nagar Sahakari 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 The Kurmanchal Nagar Sahakari Bank Limited branches in Bhowali and Nainital, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Kurmanchal Nagar Sahakari Bank Limited and find the branch locator section. Search for Bhowali or Bhowali to get the exact IFSC Code KNSB0010023.
Mobile Banking App
If you use The Kurmanchal Nagar Sahakari 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 The Kurmanchal Nagar Sahakari Bank Limited and Bhowali that will provide accurate information.
How to Use IFSC Code KNSB0010023 for Online Transfers?
Once you have the IFSC Code KNSB0010023 for the Bhowali branch of The Kurmanchal Nagar Sahakari Bank Limited in Bhowali, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KNSB0010023. 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 The Kurmanchal Nagar Sahakari Bank Limited IFSC Code KNSB0010023.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Kurmanchal Nagar Sahakari Bank Limited Bhowali in Bhowali, 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 The Kurmanchal Nagar Sahakari Bank Limited in Bhowali, 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 The Kurmanchal Nagar Sahakari Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Bhowali to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhowali Bhowali branch is KNSB0010023.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Hotel Tourist Campus, Main Chauraha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.