IFSC Code of New India Cooperative Bank Limited, Vasai Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for New India Cooperative Bank Limited, VASAI branch in BRIHAN MUMBAI. The 11-digit IFSC NICB0000016 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with New India Cooperative Bank Limited at the VASAI location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For New India Cooperative Bank Limited's VASAI branch, the IFSC NICB0000016 breaks down as follows: NICB identifies the bank, 0 is the reserved character, and 000016 identifies this particular branch.

Bank profile

New India Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Vasai branch — IFSC NICB0000016 — extends the bank's services to customers in and around Brihan Mumbai, Maharashtra.

Branch details at a glance

About the Vasai branch

The Vasai branch of New India Cooperative Bank Limited is situated at SAROJINI APTS. PAR NAKA NR JANAKI TALKIES, VASAI, DIST.-THANE - 401 201. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code NICB0000016 is used.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how New India Cooperative Bank Limited's VASAI branch came to be assigned the code NICB0000016.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC NICB0000016, money simply cannot be routed to the VASAI branch electronically.

Products and account variants supported

Every account opened at the Vasai branch is mapped to IFSC NICB0000016 on the RBI payments network. The branch generally supports the full retail product catalogue of New India Cooperative Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains NICB0000016.

Products and services

Customers walking into the Vasai branch can access most of New India Cooperative Bank Limited's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC NICB0000016

How to transfer money using IFSC NICB0000016

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC NICB0000016 across all three.

How to use IFSC NICB0000016 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to New India Cooperative Bank Limited's VASAI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC NICB0000016.
4. Confirm the bank name auto-populates as New India Cooperative Bank Limited and the branch as VASAI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC NICB0000016

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to New India Cooperative Bank Limited – VASAI, ensure your bank's portal accepts IFSC NICB0000016 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to New India Cooperative Bank Limited – VASAI, use IMPS. With IFSC NICB0000016 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Vasai

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC NICB0000016:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at VASAI is still linked to IFSC NICB0000016.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at New India Cooperative Bank Limited's VASAI branch, the IFSC NICB0000016 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Digital banking channels

Most day-to-day work that customers used to do at the Vasai branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC NICB0000016 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by New India Cooperative Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC NICB0000016 and the account number together uniquely identify the Vasai branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to New India Cooperative Bank Limited – VASAI:

• The IFSC is exactly NICB0000016 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills New India Cooperative Bank Limited as the bank name and VASAI as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Reaching the branch

The Vasai branch sits at SAROJINI APTS. PAR NAKA NR JANAKI TALKIES, VASAI, DIST.-THANE - 401 201. If you are travelling from outside Brihan Mumbai, search for the branch on a maps application using the bank name and locality, or call 250-6457030 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC NICB0000016 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC NICB0000016 for New India Cooperative Bank Limited – VASAI, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Vasai branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC NICB0000016, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: NICB0000016 is the IFSC code of New India Cooperative Bank Limited, VASAI branch, in BRIHAN MUMBAI, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.