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Nagpur Nagarik Sahakari Bank

INDORE BRANCH

+917312544954

IFSC CODE
NGSB0000028
MICR Code 452183028
Branch Code 000028
City / District INDORE
State MADHYA PRADESH
Office Address 34,TILAKPATH,INDORE
Phone +917312544954
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Nagpur Nagarik Sahakari Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the INDORE branch of Nagpur Nagarik Sahakari Bank, the code NGSB0000028 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the NGSB0000028 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"NGSB" represents Nagpur Nagarik Sahakari Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for INDORE

Payment Systems Supported by NGSB0000028

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—452183028—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Nagpur Nagarik Sahakari Bank in INDORE typically follows the RBI holiday calendar. Digital transfers via NGSB0000028 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While NGSB0000028 is the valid code for INDORE at INDORE, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • INDORE Contact
  • • Address of Nagpur Nagarik Sahakari Bank
  • • MICR Code Finder
  • • MADHYA PRADESH Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
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  • • IFSC Finder v2.0

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