Use this page as a one-stop reference for everything related to The Nasik Merchants Cooperative Bank Limited's branch in , MAHARASHTRA. The branch's IFSC code NMCB0000050 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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, NMCB0000050 is the IFSC of The Nasik Merchants Cooperative Bank Limited's branch. The format is fixed: NMCB = bank code, 0 = reserved, 000050 = branch identifier.
About The Nasik Merchants Cooperative Bank Limited
The Nasik Merchants Cooperative Bank Limited operates a wide network of branches across India, including the branch in . 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, NMCB0000050.
About this branch
The branch is located at 212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD. AURANGABAD, 431 001. It serves the region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Nasik Merchants Cooperative Bank Limited. The IFSC NMCB0000050 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | The Nasik Merchants Cooperative Bank Limited |
|---|---|
| IFSC Code | NMCB0000050 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD. AURANGABAD, 431 001 |
| State | Maharashtra |
| Phone | 2340729 |
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 The Nasik Merchants Cooperative Bank Limited's branch came to be assigned the code NMCB0000050.
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 NMCB0000050, money simply cannot be routed to the branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by The Nasik Merchants 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 NMCB0000050 and the account number together uniquely identify the branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC NMCB0000050
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 NMCB0000050 across all three.
How to use IFSC NMCB0000050 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Nasik Merchants Cooperative Bank Limited's 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC NMCB0000050.
- Confirm the bank name auto-populates as The Nasik Merchants Cooperative Bank Limited and the branch as .
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to
If you need to transfer ₹2 lakh or more in one go to an account at The Nasik Merchants Cooperative Bank Limited's branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC NMCB0000050 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to The Nasik Merchants Cooperative Bank Limited – , use IMPS. With IFSC NMCB0000050 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
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 NMCB0000050:
- 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 is still linked to IFSC NMCB0000050.
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.
UPI payments and IFSC NMCB0000050
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at The Nasik Merchants Cooperative Bank Limited – is still mapped to IFSC NMCB0000050. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC NMCB0000050 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the branch is mapped to IFSC NMCB0000050 on the RBI payments network. The branch generally supports the full retail product catalogue of The Nasik Merchants 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 NMCB0000050.
Products and services
Customers walking into the branch can access most of The Nasik Merchants 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 NMCB0000050
Online banking and IFSC NMCB0000050
The Nasik Merchants Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC NMCB0000050 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Reaching the branch
The branch sits at 212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD. AURANGABAD, 431 001. If you are travelling from outside , search for the branch on a maps application using the bank name and locality, or call 2340729 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 NMCB0000050 and your account number.
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 The Nasik Merchants Cooperative Bank Limited – :
- The IFSC is exactly NMCB0000050 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills The Nasik Merchants Cooperative Bank Limited as the bank name and 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.
Working hours
Branch counters at are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to NMCB0000050 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC NMCB0000050 for The Nasik Merchants Cooperative Bank Limited – , 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 address & contact
The Nasik Merchants Cooperative Bank LimitedBranch
212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD. AURANGABAD, 431 001
, Maharashtra
Phone: 2340729
IFSC: NMCB0000050
Frequently asked questions
Is IFSC NMCB0000050 valid for NEFT and RTGS?
Yes. IFSC NMCB0000050 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of The Nasik Merchants Cooperative Bank Limited branch?
You can reach the branch at 2340729 during regular banking hours.
Can I use IFSC NMCB0000050 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC NMCB0000050 to send funds instantly.
How quickly will an NEFT transfer using NMCB0000050 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Nasik Merchants Cooperative Bank Limited – reflect within 30 minutes.
What is the IFSC code of The Nasik Merchants Cooperative Bank Limited branch?
The IFSC code of The Nasik Merchants Cooperative Bank Limited, branch is NMCB0000050. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC NMCB0000050 the same for all accounts at branch?
Yes. The IFSC NMCB0000050 is shared by every account held at The Nasik Merchants Cooperative Bank Limited's branch. Only the account number changes from customer to customer.
How do I add The Nasik Merchants Cooperative Bank Limited as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC NMCB0000050, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is The Nasik Merchants Cooperative Bank Limited branch located?
The Nasik Merchants Cooperative Bank Limited's branch is located at 212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD. AURANGABAD, 431 001, , Maharashtra.
Summary
The IFSC code NMCB0000050 belongs to The Nasik Merchants Cooperative Bank Limited's branch, located at 212 , OLD HEGADEWAR HOPITAL ROAD. SAMARTH NAGAR. OPP, STATE BANK OF HYDERBAD.… in , 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.
