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Deogiri Nagari Sahakari 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: "DEOB0000002" of the DeogiriNagariSahakari Bank Limited branch in KrantiChowk, Aurangabad, Maharashtra. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any DeogiriNagariSahakari Bank Limited account or to other bank accounts.

  • Here, the first four alphabets, DEOB, indicate the bank name, i.e., DeogiriNagariSahakari Bank Limited.
  • The fifth digit is 0 (zero) - provided for future use.
  • The last six digits 000002 - denotes a particular branch of KrantiChowk, Aurangabad, Maharashtra.

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 DeogiriNagariSahakari 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 DeogiriNagariSahakari 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 DeogiriNagariSahakari 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 DeogiriNagariSahakari Bank Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.

ABOUT DEOGIRI NAGARI SAHAKARI BANK

  • The DeogiriNagariSahakari Bank Limited was established on 23 January 1984. The concept of this bank was originated by the late PralhadjiAbhyankar and many other dynamic leaders took an active part in establishing the bank. It operates through 31 branches, a state of Art Training Centre, A Modern Data Centre and Head Office. All the offices are air-conditioned, well equipped, fully computerized and interconnected. It is the first bank in Marathwada to opt for a core banking pattern for its working. It is in the process of establishing ATMs all over the city to cater banking services to its customers round the clock.

  • At present, the bank is operating in Aurangabad, Jalna, Almednagar, Parabhani, Jalgaon District, Pune and Mumbai. The bank got permission from the Reserve Bank of India to extend its operation in all areas in Maharashtra. It is also planning to tie up with state and national players to expand its network. As on 31 March 2020, the bank has raised paid-up capital of Rs.26.63 crores, Reserve Fund & other funds of Rs.207.77 crores. It has deposits of Rs.119.19 crores& advances of Rs.645.79 crores. The total business is of Rs.1,764.98crores.

PRODUCTS AND SERVICES

  • The bank offers various products like Saving account, Current account, Fixed Deposit account, Recurring Deposit account, Housing loan scheme, Business & Industry loan scheme, Educational loan scheme, Vehicle loan scheme, Personal loan scheme, Gold loan scheme, Agricultural loan scheme, Loan to professionals and Members welfare fund loans.

  • The bank offers various services like Mobile banking, E-commerce facility, POS facility, CTS, ATM sharing with Rupay debit card on NFS Network, E-Statement facility, RTGS/NEFT facility, SMS alert facility, Personalized cheque book facility available at all branches, Demand drafts available at all branches, successful implementation of centralized banking system, Corporate salaries of different companies, Hospitals and Organizations, Safe deposit locker facility available at selected branches, Bill discounting, bank guarantee, letter of credit and training programs for own staff and other co-operative bank's staff.

VISION

The bank shall be a credible partner with National presence offering innovative excellence services like credibility, commitment, compassion, excellence, innovative and co-operation.

ADDRESS DeogiriNagariSahakari Bank Limited,
Arth Complex, Kesarsingpura,
Aurangabad - 431 001.
contact: 0240-2240200, 902200400,
Email: info@deogiribank.com