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

If you are searching for the IFSC code of New India Cooperative Bank Limited, VERSOVA branch in BRIHAN MUMBAI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is NICB0000005. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the VERSOVA branch, and detailed step-by-step guides for using the IFSC NICB0000005 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, NICB0000005 is the IFSC of New India Cooperative Bank Limited's VERSOVA branch. The format is fixed: NICB = bank code, 0 = reserved, 000005 = branch identifier.

About New India Cooperative Bank Limited

New India Cooperative Bank Limited operates a wide network of branches across India, including the Versova branch in Brihan Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, NICB0000005.

Branch details at a glance

About this branch

The branch is located at AMIT NAGAR, YARI RD, VERSOVA, MUMBAI 400 061. It serves the Brihan Mumbai region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of New India Cooperative Bank Limited. The IFSC NICB0000005 is used to identify this branch on the RBI payments network.

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 VERSOVA branch came to be assigned the code NICB0000005.

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 NICB0000005, money simply cannot be routed to the VERSOVA branch electronically.

Products and account variants supported

Every account opened at the Versova branch is mapped to IFSC NICB0000005 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 NICB0000005.

Banking services available

The Versova branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-64532793.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC NICB0000005

How to transfer money using IFSC NICB0000005

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 NICB0000005 across all three.

NEFT to New India Cooperative Bank Limited, VERSOVA using IFSC NICB0000005

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC NICB0000005, and confirm that the system picks up New India Cooperative Bank Limited – VERSOVA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to VERSOVA

If you need to transfer ₹2 lakh or more in one go to an account at New India Cooperative Bank Limited's VERSOVA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC NICB0000005 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to New India Cooperative Bank Limited – VERSOVA, use IMPS. With IFSC NICB0000005 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 Versova

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 NICB0000005:

• 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 VERSOVA is still linked to IFSC NICB0000005.

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 VERSOVA branch, the IFSC NICB0000005 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 Versova 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 NICB0000005 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 & cheque-truncation details

Cheques drawn on the Versova branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC NICB0000005 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – VERSOVA:

• The IFSC is exactly NICB0000005 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 VERSOVA 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 Versova branch sits at AMIT NAGAR, YARI RD, VERSOVA, MUMBAI 400 061. If you are travelling from outside Brihan Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-64532793 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 NICB0000005 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC NICB0000005 for New India Cooperative Bank Limited – VERSOVA, 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 Versova branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC NICB0000005, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code NICB0000005 belongs to New India Cooperative Bank Limited's VERSOVA branch, located at AMIT NAGAR, YARI RD, VERSOVA, MUMBAI 400 061 in BRIHAN MUMBAI, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.