| Bank: | NSE Clearing Limited |
| IFSC: | XNSE0000001 |
| MICR: | XNSE00001 |
| Branch: | Mumbai |
| City: | Mumbai city |
| State: | Maharashtra |
| Address: | EXCHANGE PLAZA,PLOT NO C/1, G BLOCK,BANDRA-KURLA COMPLEX,BANDRA (E), MUMBAI 400051 |
| Centre: | Mumbai |
What is IFSC Code?
IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies bank branches in India. It's used for electronic fund transfers like NEFT, RTGS, and IMPS. The first 4 characters represent the bank, the 5th character is always '0' (reserved for future use), and the last 6 characters identify the specific branch.
How IFSC Code Helps:
- Enables secure online money transfers
- Required for NEFT, RTGS, and IMPS transactions
- Ensures funds reach the correct bank branch
- Mandatory for salary transfers and bill payments
- Used in UPI and digital wallet transactions
What is MICR Code?
MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques using magnetic ink. It helps in faster processing of cheques by automated machines. The first 3 digits represent the city, next 3 digits represent the bank, and the last 3 digits represent the branch.
How MICR Code Helps:
- Enables automated cheque processing
- Reduces cheque clearing time
- Prevents cheque fraud and forgery
- Required for cheque-based transactions
- Ensures accurate bank and branch identification