Address, IFSC code, branch contact number etc of Nsdl Payments Bank Limited, Lower Parel Branch is given below. You may contact the branch or the Customer Care number of the bank information relating to your ifsc code NSPB0000001 bank account.
IFSC Code: NSPB0000001
IFSC Code NSPB0000001 Nsdl Payments Bank Limited Lower Parel Branch | IFSC-Codes.com | |
| Bank Name | Nsdl Payments Bank Limited |
|---|---|
| IFSC Code | NSPB0000001 (used for RTGS and NEFT transactions) |
| MICR Code | Not Available |
| Branch | Lower Parel |
| State | Maharashtra |
| District | Mumbai |
| City | Mumbai |
| Address | Nsdl Payments Bank. 401, 4th Floor, Tower No.3, One International Center, Senapati Bapat Marg Prabhadevi Mumbai-400013 |
| Contact Phone | 224994200 |
| Website | |
| Customer | |
Along with your account number, account name and account type (ie., savings or current) the following information about the branch is to be provided for fund transfer:
- Bank Name: Nsdl Payments Bank Limited
- Branch Name: Lower Parel
- IFSC Code : NSPB0000001
- Location: Mumbai, Maharashtra
What is an IFSC Code?
IFSC code is used to identify a bank branch in India. It is majorly used to transfer fund electronically using NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). This is where the role of IFSC code comes into play to ensure secure and accurate money transfers between bank accounts.
The IFSC code consists of 11 characters, where:
- First 4 Characters – Represents the bank code.
- Fifth Character – Is zero, reserved for future use.
- Last Six Characters - Represents the specific branch code.
Why is the IFSC Code Important?
IFSC code is important because it helps to ensure that the online bank transactions are processed accurately and safely. Its mandatory while using the below modes:
- NEFT: A secure system for transferring funds between banks.
- RTGS: A real-time transfer method for large transactions.
- IMPS: An instant payment service for quick transactions.
The IFSC code ensures that funds are transferred to the correct bank and branch, preventing
1. Can I use the IFSC code for IMPS payments?
Yes, the IFSC code is required for IMPS payments.
2. How do I get the IFSC code of my branch?
You can easily get your IFSC code by using our IFSC code finder tool. You can also get this info or the cheque book or you can contact your bank directly to know about this.
3. Can I use the same IFSC code for all branches of a bank?
No, each branch has a unique IFSC code. You need to use different IFSC codes while transferring money according to the branch.
4. Why do I need the correct IFSC code?
IFSC code is helpful to ensure that your funds are transferred accurately and safely to the right bank branch.