LOCATE ANY BANK BRANCH IN INDIA
About
Bank
Nutan Nagarik Sahakari Bank
Limited has 21
Branches in Ahmedabad City 1 branch at Surat and 1 at Andheri (W) Mumbai. The
Administrative Office of the Bank and most of the branches are functioning in
beautiful buildings owned by the Bank. All the branches are situated in very
prominent business or residential areas of Ahmedabad. Thirteen branches of the
Bank is having Safe Deposit Vault facility. All branches are provided with
modern and comfortable furniture, latest office equipments, computers and fax
machines so that customers can conduct their business in pleasant and
comfortable surroundings. The Bank has started core banking services since
March, 2008.
The Board of Directors of the
Bank includes very prominent businessmen, industrialists, social workers and
leading citizens. The chairman, Vice-Chairmen and all Board of Directors are
giving honorary services to the bank.
Customers of the Bank includes
Manufacturers, Wholesalers, traders and retailers dealing in textiles,
chemicals, machine tools, plastics , cars, papers, computers, jewelers etc.
Advances against cars and trucks are given to large number of customers.
Professionals such as doctors, lawyers, chartered accountants, engineers etc.
receive loans for buying premises for their clinics, office, equipments,
computers etc. Women entrepreneurs receive special encouragement from the Bank
for starting small business or industry.
The bank is giving various
facilities as Demat, Stamp franking; RTGS & NEFT and E-payment at various
branches.
What
is IFSC Code
IFSC is
short for Indian Financial System Code and represents the 11 digit character
that you can usually see on your bank’s cheque leaves, or other bank sponsored
material. This 11 character code helps identify the individual bank branches
that participate in the various online money transfer options like NEFT and
RTGS.
How
to find IFSC Code?
Ways
to find IFSC codes
- IFSC code can be found
on cheque leaf and bank passbook of the respective bank.
- Banks and respective
branch list of IFSC codes can be obtained from Reserve Bank of India’s
website.
- The IFSC code of a
particular bank can also be found on the banks’ official website.
Benefits
of IFSC Code
Benefits
of IFSC Code are :
- Helps to identify a
Bank and its respective branch
- Eliminates errors in
the process of fund transfer
- Transfers done with
IFSC such as NEFT, RTGS and IMPS are accurate
What is
MICR Code
MICR
or Magnetic Ink Character Recognition Code is a 9 digit code used for faster
processing of cheques. MICR number is also unique for every bank branch, hence
it helps in uniquely identifying the bank and branch participating in an
Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3
essential components:
- The first 3 digits represent
the city code.
- The middle 3 represent the
particular bank code.
- The last 3 digits
represent the specific branch code
Benefits
of MICR Code
Benefits
of MICR Codes are:
MICR
code enables efficient, quick and error-free processing of cheques. This is
possible with magnetic ink, reading machines and technology used in MICR.
Difference
between IFSC and MICR code
Magnetic
ink character recognition code (MICR) is a technology that enables faster
processing of cheques by recognizing unique characters printed on the cheque.
MICR consists of a 9 digit code. The
first three digits of the MICR code represent the city, the next three give the
bank code and the last three digits denote the branch of the bank. Similar to
an IFSC code, every branch of a bank has a specific MICR code. While IFSC is
used for online fund transactions, MICR is used for cheques.
Let’s
understand the difference between IFSC and MICR
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