Capital Local Area Bank Limited

Capital Local Area Bank is now converted as capital Small Finance Bank RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds.

These codes help the users to ensure that the transferred funds go to the right person, without any errors.

For example, we can take the IFSC code: "CLBL0000142" of Capital Small Finance Bank Limited branch in North Delhi, New Delhi. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Capital Small Finance Bank Limited account or to other bank accounts.

• Here, the first four alphabets, CLBL, indicate the bank name, i.e., Capital Small Finance Bank Limited.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000142 - denotes a particular branch of North Delhi, Delhi.

The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.

RBI has allotted IFSC codes for all banks in India to find out the branches when money transfers take place. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion. The first four Characters mentioned in IFSC code denote the bank names and the last six digits helps to identify the bank branch name involved in the transaction. The fifth digit is zero for all banks which is next to alphabets provided for future use. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.

Easy way to find Capital Small Finance Bank Limited IFSC Code and MICR Code?

If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Capital Small Finance Bank Limited.

The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter on the bank's official website. Some of the third-party financial websites or other advertisement websites are also rendering the service to get IFSC codes of any bank and its branches located in India.

Some of the popular financial comparison sites display the table carrying IFSC codes for Capital Small Finance Bank Limited branches throughout India. Any account holder visiting the website can choose the Bank IFSC code link present on the home page. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes for Capital Small Finance Bank Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

Capital Local Area Bank Limited Branch Details

• Punjab

ABOUT CAPITAL SMALL FINANCE BANK

• Capital Small Finance Bank Limited started its operation in Punjab, India on 24 April 2016. This Small Finance Bank was converted into Capital Local Area Bank. Prior to conversion it was operating as India's largest local area bank since 14 January 2000.
• The bank pioneered in bringing modern banking facilities to the rural areas at low cost and introduced 7-Days branch banking with extended hours since its first day of operations. The bank focuses on serving the common man and the local touch. Within a short period, most of the branches become market leaders of their respective centres. The bank is providing a safe, efficient and service oriented repository of savings to the local community while reducing their dependence on moneylenders.
• The bank transitioned from a 'Local Area Bank' to 'Small Finance Bank' with 47 Branches. Within a short period, the bank operated with 112 new branches which increased the total number of branches to 159. After establishing a strong footprint in the state of Punjab, now, the bank has expanded to many states such as Delhi, Haryana, Rajasthan along with Union Territory of Chandigarh.
• Capital Small Finance Bank has been granted Scheduled Status by the Reserve Bank of India vide notification dated on 16, February 2017. The total business of the bank has crossed Rs. 8,588 crores with over 7,66,000 accounts. The bank has 80% of its business in rural and semi urban areas, with priority sector lending of 80.81% of the Adjusted Net Bank Credit as on 31 March 2020. The bank is extending loans primarily to small borrowers. The conversion of Small Finance Bank into Capital Small Finance Bank Limited has removed the geographical barriers for expansion, resulting in exponential growth of the bank in all spheres.
• The success of the bank is its features like uninterrupted and extended banking hours between 10 am to 5 pm from Monday and Saturday except second and fourth Saturday Holiday, state-of-the-art branch interiors, acceptance of RuPay Debit Card across 2.49 lakh ATMs, over 50 lakh POS Terminals and on all e-commerce sites, internet banking, mobile banking, locker operation and all kinds of loans at competitive interest rates.
• Capital Small Finance Bank Limited is governed by a voluntary code, which sets standards of fair banking practices for member banks of Indian Bank's Association to follow when they are dealing with individual customers. It provides valuable guidance to the branches in their day-to-day operations. The code applies to: Current, savings and all other deposit accounts, Collection and remittance services offered by the bank, Foreign Exchange services, Card products and third party products offered through its network.

Fees & Charges

Loan Application forms applicable to all categories of borrowers irrespective of loan amount, will henceforth contain information about the fees/charges payable, if any, for processing, the amount of such fees refundable in the case of non-acceptance of application, pre-payment options and any other matter which affects the interest of the borrower, to enable a comparison with other banks and to facilitate informed decision by the borrower.

Processing

The Bank provides acknowledgement for receipt of all loan applications on the receipt of all the papers/documents/information as per the checklist already issued by the bank. It verifies the loan application and if additional details / documents are required, these will be sought from the applicant. For all categories of loans and irrespective of any threshold limits, the bank will be expected to process the application without delay. In case the application is turned down, the bank will convey in writing to the applicant the reasons for rejection at the earliest. All Loan applications will be disposed-off within a period of 30 days from the date of receipt of duly completed loan application with all the requisite information/documents as per the checklist.

Grievance Redressal

Though the sanction of the loans will be at the sole discretion of the bank, borrowers will have an opportunity to appeal against the decision of the bank's functionaries. Any such grievance received from the borrower will be heard and disposed of by the authority.

ADDRESS
Capital Small Finance Bank Limited,
Midas Corporate Park, 3rd Floor,
37, G.T.Road,
Jalandhar - 144001, India.
Phone: +91-181-5051111, 5052222.
Fax: +91-181-5053333.
Email : customerrelations@capitalbank.co.in