Deogiri Bank IFSC Code and MICR Code

Find Deogiri Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Deogiri Bank IFSC Code, MICR Code and SWIFT Code

Deogiri Nagari Sahakari Bank provides various financial and banking services to individuals, corporates, and small businesses. Here, the Deogiri Bank IFSC code plays a significant role in providing accessibility to the customers through net banking.

Deogiri bank was established in January 1984 in Aurangabad, Maharashtra. The bank is free to carry out its banking operations all over the state through its 31 branches. Deogiri bank is a pioneer bank in the region that offers services like savings and current accounts, various loans, mobile, and net banking!

The bank offers RTGS and NEFT services that enable the customers to carry quick funds transfer through net banking. One of the prime requirements for net banking is the IFSC code. The IFSC code facilitates an error-free transaction by correctly identifying the two branches participating in cash transfers.

Another necessary code is the MICR code that makes cheque clearance and processing easy for the banks. Another is the SWIFT code, which is almost similar to the IFSC code, except it is required for international funds transfer.

The article talks about Deogiri Bank IFSC code, MICR code, and their importance. It also mentions the ways to find the correct codes and methods of online payment. The last section discusses the bank's growth and branches.

Deogiri Bank IFSC Code


The Indian Financial Security Code plays a significant role in online banking. It ensures an error-free online funds transfer by correctly recognizing two branches in the transaction. IFSC code is mandatory for cash transactions through IMPS, NEFT, and RTGS.

RBI has introduced the IFSC code system. It assigns a unique code to each branch that separates them from one another. The code relates an account number with a specific branch that ensures a smooth transaction.

IFSC code has 11 characters in a combination of numbers and alphabets.

For example, the Deogiri Bank Ahmednagar Branch, Maharashtra IFSC code is DEOB0000016. DEOB is the bank name. Here, it is Deogiri Nagari Sahakari Bank. The fifth character is a zero. The following six letters are the branch code, Ahmednagar branch, Maharashtra.

Deogiri Bank MICR Code

Magnetic Ink Code Recognition code is a unique code that is printed on cheques. It is a special code that the RBI assigns to each branch. The banks use the code to identify and validate the cheques for speedy processing through the ECS or Electronic Clearing System.

MICR code is printed with special magnetic ink that helps in cheque verification. It is a faster and more effective way of processing cheques than traditional. The banks in India use the MICR code to verify SIP and investment forms.

MICR has nine numbers with three sets each. The MICR code of Deogiri Nagari bank is 431582003. Here, 431 signifies the city code. Here, it is Aurangabad. The next set is the bank code. Here, it is 582.  The last set is 003, which is the branch code. The branch here is Jawahar Colony, Aurangabad.

How to find the IFSC Code & MICR Code of Deogiri Bank?


All the bank codes are essential but finding the correct code is critical. You have to provide a valid branch code to the bank for a smooth transaction. So, where do you find the valid code? What are the reliable sources? Here are some of the ways to help you find the code.

Online Search Tools

One of the websites to find the Deogiri Bank IFSC code and MICR code is Find Your Bank. It is an excellent website from where you can easily find the codes. You have to follow the simple steps below to access the codes.

  • Visit
  • Once you land on the home page, you will have to fill in the details.
  • Enter details like bank name, city, and state
  • Here, the bank's name is Deogiri Nagari Bank. The state is Maharashtra, while the city is Ahmednagar.
  • Enter the branch name. Here, it is the Ahmednagar branch.

That is all! As soon as you enter the details, you will get the Deogiri Bank IFSC code and MICR code. Similarly, you can access all other banks' IFSC and MICR codes in India.

Find Your Bank is available as a mobile app also. Download it easily from Google Play Store on your Android and follow a simple process to get the codes. The app is not chargeable, and you can find the codes easily from any place and at any time.


Every Deogiri bank account holder gets a passbook from the branch. It tracks all your transactions from your account offline and online. The passbook's first page mentions valuable information like your name, account number, address, contact details, and email id. It also contains your account type, Deogiri Bank IFSC code, and the MICR code of the branch.

Cheque Book

Each branch issues a cheque book to the account holders. Each cheque in the cheque booklet contains the branch's MICR and IFSC codes. IFSC code is printed at the top while MICR is at the bottom.

RBI Website

RBI is the supreme bank that controls the working of all other banks. RBI assigns the IFSC and MICR codes to all the branches. It has an official website from which you can access the codes of any bank functioning in India. 

You can visit to access the codes.

Net Banking

Every bank has a website that contains all bank-related information. You can find the Deogiri Bank IFSC code and MICR code from the bank's official website.

Customer Care

You can contact a bank's customer care team 24*7. Contact them through call or email. Provide the branch details, and you will get the code.

How to Transfer Money through NEFT, RTGS & IMPS?


The banking system now focuses more on paperless transactions to reduce fraud and prevent customers from standing in queues. Banks and account holders rely on methods like NEFT, IMPS, and RTGS for online funds transfers. The methods are described below.


National Electronic Funds Transfer is the most widely used and reliable method for funds transfer. It works on a deferred net settlement system that clears the transaction in 1-2 hours batches. The bank completes the funds' transfer before a cut-off time gets over.

Deogiri Nagari Sahakari bank allows NEFT on all days from 8AM to 6:30PM. It is not available on the 2nd and 4th Saturdays and Sundays. The bank does not have a minimum or maximum limit for cash transfers through NEFT. But it applies to some charges.

Amount Charges Per Transaction + Applied Taxes
Up to Rs 10,000 Rs 2.50
Rs 10,000-Rs 1,00,000 Rs 5
Rs 1,00,000-Rs 2, 00,000 Rs 15
Rs 2, 00,000-Rs 5,00,000 Rs 25
Rs 5,00,000-Rs 10,00,000 Rs 25


You will need the following information for NEFT-

  • Your account number
  • Beneficiary's account number, account type, bank name, and IFSC code
  • Transfer amount


RTGS is mainly used for transferring massive amounts of funds. Real-time Gross Settlement works in real-time. It enables funds to transfer from one branch to another on a gross settlement basis and complete the process instantly. 

Deogiri bank is available for funds transfer through RTGS on all days except Sundays and national holidays. It has a minimum limit of Rs 2 lakhs while there is no upper limit.

Amount Charges Per Transaction (Excluding Taxes)
Rs 2 lakhs – Rs 5 lakhs Rs 25
Rs 5 lakhs – Rs 10 lakhs RS 50

You will need to provide similar details as in NEFT to the bank for an RTGS transaction.


National Payments Corporation or NCPI introduced the Immediate Payment Service in 2010. It facilitates an instant funds transfer without delay. IMPS is available through mobile phones, ATMs, and online banking.

Customers can avail of IMPS 24*7 and on all days, including Sundays and bank holidays. IMPS does not have a minimum transfer limit but has a maximum limit of Rs 2 lakhs. You will require the below details to complete the funds' transfer through IMPS.

  • Your mobile number
  • Recipient's name, bank name, account number, type, and IFSC code
  • Recipient's MMID or Mobile Money Identifier for P2 P transfer
  • Amount to transfer

About Deogiri Bank


Deogiri Nagari Sahakari Bank was established in January 1984, while it started its operations in 1985. The headquarters of the bank is at Aurangabad, Maharashtra. The bank understands that banking should happen at the account holder's convenience. 

The bank operates through 31 branches in the state, one modern data center, one State of Art Training Center, and a head office. It has branches in Aurangabad, Jalgaon, Ahmednagar, Jalgaon, Pune, and Mumbai.

Deogiri bank offers a variety of banking services to account holders. The bank has adopted the latest technological advancements in the banking sector like automatic passbook printing and mobile and online banking. Deogiri Bank recorded Rs 26.63 crores as paid-up capital in 2020.

Frequently Asked Questions

1) What are the various modes of payment accepted in Deogiri bank?

Deogiri Nagari Sahakari Bank offers both offline and online modes of payment. You have to visit the offline branch mode and fill out the funds transfer form. For online, you should have a net banking account. After logging in, you can transfer funds through NEFT or RTGS.

2) What are the eligibility criteria for opening a bank account in Deogiri Bank?

  • Resident of India
  • Hindu Undivided Families
  • Age above 18 years
  • Foreign nationals living in India

3) What information do you need for transferring funds using Deogiri Bank?

  • Your account number
  • Amount to transfer
  • Beneficiary bank name, account number, and account type
  • Beneficiary IFSC code
  • Remarks to the Recipient

4) Is Deogiri Bank Private or Government?

Deogiri Nagari Sahakari Bank is a government bank. It is an urban-cooperative body.