Kurmanchal Nagar Sahkari Bank IFSC and MICR Code:

State wise list of Kurmanchal Nagar Sahkari Bank IFSC code, MICR code and addresses of all branches in India

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Kurmanchal Nagar Sahkari Bank IFSC Code:

What e-mail did to postcard, electronic fund transfer did to cheque payments. Internet banking has sped up the payment settlement process with the innovation of electronic fund transfer. If you had to pay off someone, you no longer have to go through the process of demand drafts and cheque couriers. The banking world just got simplified. With electronic fund transfer, you can now send funds to a beneficiary sitting in another state, anywhere in the country.

The Reserve Bank of India introduced two electronic modes of fund transfer, National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS). These channels aided in streamlining the payment settlement process by making it flawless and super-fast. Both these modes of fund transfer, require a code to identify the banks participating in the transaction. RBI has come up with unique identification codes for all banks, within the network of NEFT/RTGS. Without an IFSC code, a transfer cannot be initiated.

IFSC stands for Indian Financial System Code and is unique to each bank branch. Using an IFSC code in an electronic fund transfer, RBI identifies the destination bank. It is made up of 11 characters – alphabets and numbers. The bank’s name is represented in alphabets and is usually the first 4 characters in the code. Zero (0) is placed on the 5th position and is reserved to be used later. The branch of the bank is denoted by six characters and usually forms the latter part of the code.

If you want to understand the IFSC code in parts, here is an example: KNSB0010002 is the IFSC code of Balika branch of Kurmanchal Nagar Sahkari Bank in Nainital in Uttarakhand. Here, KNSB is used to identify the bank Kurmanchal Nagar Sahkari Bank, the 5th character is zero as mentioned above and the last 6 characters are 010002 and is used to identify the Balike branch.

How to Find IFSC and MICR Codes of Kurmanchal Nagar Sahkari Bank?

If you want to send funds to a beneficiary online, you will have to provide all the necessary details required before a transaction request is placed. If you do not know the IFSC code of the sender’s and the recipient’s bank, there are many ways to find the same.

Kurmanchal Nagar Sahkari Bank IFSC and MICR codes can be found on the leaves of the cheque book issued by the branch where the bank account was opened.

A website like BankBazaar also gives you a list of banks to choose from when you select the tab ‘Bank IFSC Code’ on their bottom left of the page. Either select Kurmanchal Nagar Sahkari Bank from the list or from the drop-down menu in the Bank tab. Select State, District and Branch of the bank in the same way. The website automatically displays a box with all the bank branch details such as: IFSC Code, MICR Code, Address, Phone number, etc.

Kurmanchal Nagar Sahkari Bank has recently introduced NEFT and RTGS in their core banking services. At Kurmanchal Bank, customers can transfer money from their accounts to accounts of other branches of other banks or the same bank. As it is an RBI initiative, the process is considered to be safe and secure.


NEFT operates using the concept of DNS (Deferred Net Settlement), implying the payments are settled in batches by RBI. There is a fixed time within which all NEFT transactions take place in the bank. The batches are places at hourly intervals. A total of 11 settlements between 9am to 7pm are cleared on weekdays, while five settlements are cleared on Saturdays from 9am to 1pm. If you delay beyond the designated timeline, the settlement is cleared the next day. There is no upper or higher limit for a NEFT transaction.


Real Time Gross Settlement is a payment that involves continuous movement of messages enabling a real-time transaction. With RTGS, you can send money within minutes and the payee receives the credit within two hours of settlement. The settlement time set by the RBI is 9am to 4:30pm from Monday to Friday and on Saturday from 9am to 1:30pm. RTGS can prove helpful in emergencies as they are quick and do not involve any waiting period. If you want to transfer amounts with high value at Kurmanchal Bank, you should opt for RTGS as there is a lower cap limit on RTGS transactions and the figure is usually a high value.

Late Shri Madan Lal Shah founded the Kurmanchal Nagar Sahkari Bank Ltd. in Uttarakhand. KNSB is presently one of the top state sahakari banks in the category in the district. The head office controls all the bank’s 41 branches and has 13 more branches planned for the future. KNSB has plans of major expansion for the next year. Kurmanchal Bank offers modern speedy banking transactions systems, along with other personal banking facilities and over the counter service.

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