State wise list of Dombivli Nagari Sahakari Bank IFSC code, MICR code and addresses of all branches in India
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Since the introduction of wireless money transfers in India by the RTI, transferring cash possible is possible with minimal paperwork and just a few clicks. NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are two services which make use electronic transfer of money. These services are available at Dombivli Nagari Sahakari Bank (DNS Bank), as it is at most banks in India. NEFT and RTGS has made payments/fund transfers quick, hassle-free and safe.
NEFT and RTGS make use of IFSC code for the processing of payments. Unique IFSC (Indian Financial System Code) codes are assigned to each branch of bank in the NEFT network. By clearly identifying the source bank and the destination bank during a transactions, this code helps to regulate transfer of funds and avoid confusion. The code consists of 11 characters; both numbers and alphabets. The first four characters are letters which denote the bank’s name. The fifth character is always zero, as it is reserved for future use. The final six characters are numeric and is unique for each branch of the bank.
For example, the IFSC for a branch of DNS Bank i.e. Dombivli Nagari Sahakari Bank is DNSB0000063. The first 4 characters, DNSB, represents the bank name. This is followed by the digit 0, and the last six digits 000063 denotes the Aurangabad branch, which is a specific branch of the bank.
There are various portals that you can use to find IFSC and MICR codes for banks. If you are searching for the codes of Dombivli Nagari Sahakari Bank (DNS Bank), these are the options that you have:
The other drop down menus of ‘District’, ‘State’ and ‘Branch’ as well, the IFSC and MICR codes that you need will be generated by BankBazaar. Additionally, you will also be provided with other information of the branch like its address, phone number etc.
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NEFT and RTGS services are safe, quick and hassle-free methods of transferring funds from any branch of Dombivli Nagari Sahakari Bank (DNS Bank) to any account in any bank/branch which is NEFT/RTGS enabled.
National Electronic Funds Transfer (NEFT):
NEFT service is available at all branches of Dombivli Nagari Sahakari Bank. NEFT service is done in 12 hourly settlements, which means that transfers are clubbed together and transferred in groups. So when you make a request for a payment, it will be processed in the following batch. If you make the request before the last batch of the day, your fund will reach the beneficiary’s account the same day, in a matter of hours. If your request is not made before the last batch of the day, it will be processed the following working day. Between Monday and Friday, the timing for transaction is between 8.00 am and 6.00 pm. On Saturdays the timing is between 8.00 am and 12.00 pm. There will be no transactions on Sunday.
You will need the following information to use NEFT service at Dombivli Nagari Sahakari Bank:
The service charges for NEFT transactions at Dombivli Nagari Sahakari Bank are as follows:
| Amount | Maximum Charges Excluding Taxes (In Rs.) |
| Up to Rs.10,000/- | Rs.2.50/- |
| From Rs.10,000 to 100,000/- | Rs.5.00/- |
| From Rs.100,000 to 200,000/- | Rs. 15/- |
| From Rs.200,000/- and above | Rs.25/- |
Inward transactions will not be charged.
Real Time Gross Settlement System (RTGS):
RTGS is a service done on individual basis and thus is faster than NEFT i.e. the instructions for transfers occurs individually. There is no upper limit to the amount one can transfer using RTGS. However, the minimum amount one can transfer using RTGS is Rs. 2 lakhs. Settlement risk is diminished with this service. Further, the transfers are final and irrevocable since the money transfer takes place in the books of the Reserve Bank of India. Dombivli Nagari Sahakari Bank offers the service of RTGS for a small charge.
You will need the following information to use RTGS service at the Dombivli Nagari Sahakari Bank:
Charges applicable on RTGS transactions at Dombivli Nagari Sahakari Bank are as follows:
| Amount | Charge |
| Rs 2 lakh – Rs 5 lakh | Rs. 25 per Transaction |
| Rs. 5 Lacs and Above | Rs. 50 per Transaction |
Inward transactions will not be charged.
Founded on 6th September, 1970, by a group of men who dreamed of providing the common man with banking facilities, Dombivli Nagari Sahakari Bank was born with just a deposit base of 7.04 lacs. Today the bank has a business mix of Rs. 6414 crores. Across 12 districts in the state of Maharashtra, the bank has 47 branches. The service of RTGS has been available at the bank from the year 2004. The NEFT facility has been made available at the bank since the year 2007.
