Nainital Bank IFSC code & MICR code

How to Search for Nainital Bank IFSC Code and MICR Code?

Funds can be transferred between multiple banks and branches from home or office through internet banking. In order to send money securely through NEFT or RTGS (the channels of net banking) using IFSC Codes. The beneficiary's bank's name, account number, IFSC code are essential here's how Nainital Bank's IFSC code can be checked:

1. Any branch of the bank will have details of the IFSC and MICR codes. All the customer has to do is to walk to the selective branch and get its code.
2. The IFSC code is also printed on the bank's pass book and leaves of the check book.
3. The official portal of the Nainital Bank also has IFSC and MICR codes of its every branch, along with the branch's address.
4. BankBazaar, which is a third party website, also provides information on IFSC and MICR codes of the Nainital Bank. All the customer has to do is to go to the website's homepage and click on "Bank IFSC Code". Choose Nainital Bank and from the drop down menu select the state, district, city, or branch for which IFSC and MICR codes are needed.

How to Transfer Funds Using Nainital Bank's NEFT and RTGS?

Nainital Bank offers its customers facilities to transfer money, through NEFT or RTGS, anywhere in the country. The details are provided below:

National Electronic Funds Transfer (NEFT):

There is no basic limit to transfer funds through the NEFT system. It is a secured channel where the recipient receives the money within a few hours on the same day. NEFT service during the bank hours and are settled batch wise, depending on the time of the transactions.

Real Time Gross Settlement (RTGS):

RTGS is a third party fund transfer service facilitated by the bank, when the amount cannot be transferred through NEFT. RTGS transactions are taken care of immediately within the designated working hours of both the banks - the sender bank and the recipient bank. For an RTGS transaction the beneficiary amount should be more than Rs 2 lakh. The transaction is done on an individual basis.

NEFT and RTGS Charges:

Nainital Bank charges a minimal fee for NEFT and RTGS transactions. Inward NEFT and RTGS are not charged by the bank. No charges are applicable for outward NEFT under Rs 10,000. Transactions above Rs 10,000 to Rs 1 lakh, above Rs 1 lakh up to Rs 2 lakh & above Rs 2 lakh are charged Rs 5, Rs 15, and Rs 25 respectively.

For outward RTGS ranging from Rs 2 lakh to less than Rs 5 lakh, a fee of Rs 25 per transaction is charged. A fee of Rs 50 for RTGS transfers of Rs 5 lakh and above is charged by the bank.

About Nainital Bank:

Established in 1973, the Nainital Bank has been providing banking products and services to people residing in Kalyan and its surrounding suburbs. With over 3 lakh clients and business expanding beyond Rs 2710 crores, the bank offers its customers fixed deposits, recurring deposits and loans at competitive rates.