Scotiabank IFSC Code and MICR Code

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

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Scotiabank IFSC Code, MICR Code and SWIFT Code

Owing to the evolution of the Indian banking system over the years, money transfer in the 21st century has become a lot easier. From a time when the money transfer took a day to get credited, the same happens in a few seconds these days. If you want to transfer money to an account in Scotiabank, you should know about the Scotiabank IFSC Code.

To brief you about the IFSC code, it stands for "Indian Financial System Code." It is an eleven-digit alphanumeric code. It is unique for every bank and its various branches across India. 

In case you need to transfer money online to another bank's account, you must have the IFSC code of the same. The IFSC code can easily be found on your bank passbook, cheque book, and bank statements.

As the IFSC code is different for every bank and its branch PAN India, it is used to identify the branches while using online services, which include - National Electronic Funds Transfer (NEFT), Real-time Gross Settlements (RTGS), Immediate Payment Service (IMPS), and Unified Payment Interfaces (UPI).

Similar to the IFSC code, here is another useful MICR code. The MICR code is a 9-digit code unique code. It is used to identify the banks and their branches that are a part of the Electronic Clearing System (ECS). Continue reading to get detailed information about the Scotiabank IFSC Code, MICR code, and much more. 

Scotiabank IFSC Code

As mentioned above, the Scotiabank IFSC code is an eleven-digit alphanumeric code that is unique for every bank and its branches across India. It is only issued by the Reserve Bank of India (RBI) along with the MICR code. To easily find your Scotiabank IFSC code, look into your passbook, cheque book, or online bank statements.


Let us break down this 11-digit alphanumeric code with an example for a better understanding. The code can be broken down into three parts wherein the first four characters are alphabetic and represent the name of your bank. After that, the fifth character is reserved for future use and is always zero. At last, the last six digits denote the branch of the bank. 

Here is an example, The Scotiabank, Nariman Point Branch, Mumbai IFSC code is NOSC0000MUM. In this, the first four characters, 'NOSC,' depict the bank name, i.e., Bank of Nova Scotia. The fifth character is zero. The last six digits, i.e., '000MUM,' represents the branch's code which is located at Nariman Point in Mumbai, Maharashtra.

Note that you cannot process any online transaction without the proper IFSC code of the receiving bank through any source - National Electronic Funds Transfer (NEFT), Real-time Gross Settlements (RTGS), Immediate Payment Service (IMPS), and Unified Payment Interfaces (UPI).

Scotiabank MICR Code

The Scotiabank MICR code is a 9-digit special code. It is the main reason behind the faster processing of cheques. As the name suggests, the code is printed on the cheque books and passbooks using the MICR. The main benefit of using magnetic ink technology is that it becomes easier to authenticate and process online payments faster through cheques. 

Let us break down the 9-digit MICR code with an example for your better understanding. The first three digits of the MICR code denote the city code as the PIN code used for postal addresses. The next three digits are used for the bank. Finally, the branch of the Scotiabank is denoted by the code's last three digits. 

For example, "560239002" is the MICR code for the Bangalore branch of Scotiabank. In this example, the first three digits, i.e., '560,' denote the city code. The next three digits, i.e., '239,' are used for the bank. Finally, the branch of the Scotiabank is denoted by the code's last three digits, i.e., '002,' which is Bangalore in this case. 


To find your MICR code, look on the bottom of any cheque leaf or next to the cheque number. You could also find it printed on your Scotiabank savings account passbook as well.

How to Find the IFSC and MICR Codes of Scotiabank?

You must know by now that both the IFSC and MICR codes are vital to process any online payment to another bank using the available and above-mentioned transfer methods. Hence, it's imperative to have information about both of these. 


However, the chances are high that you might forget both or either of these codes. To help you avoid such situations, below are the different ways you can look up to find your Scotiabank IFSC code and MICR code.

Find Your Bank

One of the best ways to get all your bank credentials, including the IFSC and MICR codes, is through a site called Find Your Bank. Besides, this site comes in handy if you want to restore various banking-related services in a few clicks from anywhere and any time.

To find your Scotiabank IFSC code and MICR code using the Find Your Bank website, launch the site and enter the following details:

  • Bank name
  • State
  • District
  • Branch

Upon entering the valid options, click on "Enter." The site will analyze your entered details and revert with the required information. If not the site, you can access the same information through their mobile application as well. It is much simpler to use than the other procedures listed here.

Bank Documents

You can also find your IFSC and MICR codes through your bank documents such as passbooks, cheque book, or bank statements.

RBI Official Site

As both IFSC and MICR codes are issued only by the Reserve Bank of India, you can find them with ease on the official website of RBI as well.

Netbanking or Mobile Banking

Today, it has become easier to access your bank anytime and from anywhere through net banking. Furthermore, you can obtain your IFSC and MICR codes through these means as well. To do so, you must just log in to your net banking platform and enter the details to get your IFSC and MICR codes.


If no method given above works, you can simply contact your branch via their customer care number and get your Scotiabank IFSC code and MICR code.

How to Transfer Money Through NEFT, RTGS, and IMPS Processes of Scotiabank?

The modernization of the banking system has brought in three reliable, fast, and non-troublesome means of money transfer from a bank account to another, from anywhere and anytime. These are - National Electronic Funds Transfer (NEFT), Real-time Gross Settlements (RTGS), and Immediate Payment Service (IMPS). 


If you want to facilitate an online money transfer to any branch of Scotiabank across India, you would need the following documents or information:

  • Transaction amount
  • Name and account number of the receiver
  • Name and IFSC code of the receiver's bank branch
  • Read ahead for a detailed explanation of each of these payment methods.

National Electronic Funds Transfer (NEFT)

As an NEFT money transfer happens using electronic means, it is one of the most convenient and quickest methods to use. It was developed by the RBI to let consumers enjoy the convenience of a quick & hassle-free online transfer, especially in emergencies. 

You can carry out an NEFT transfer either through net banking or mobile banking. One of the interesting things about Scotiabank's NEFT transfer is that there are no minimum limits and maximum limits of the transfer amount. 

Furthermore, in NEFT, the transfer happens on a net-deferred basis, i.e., all the financial transactions are bundled together and done on an hourly basis. 

Real Time Gross Settlement (RTGS)

As the name suggests, an RTGS transaction happens in real-time. Due to this, it is highly preferred to make higher transfers from one bank account to another. Another advantage of using the RTGS payment method is its quick & real-time settlement cycle.

The minimum limit of an RTGS transfer is Rs. 2 lakh or above, and there is no maximum limit. You can transfer funds via RTGS on weekdays and Saturdays during the bank working hours.

Immediate Payment Service (IMPS)

Another swift bank-to-bank fund transfer method offered by Scotiabank is the immediate payment service or IMPS, in short. As the name suggests, it is the fastest method as the transfer occurs instantly. You can send an amount as low as Re.1 and as high as Rs. 5 lakh using IMPS. However, note that these limits vary from branch to branch.

To use any of the above money transfer methods, make sure you have the following information or documents ready:

  • Amount to be transferred 
  • Scotiabank customer's account number
  • Receiver' bank name
  • Receiver' name
  • Receiver' account number, and
  • Receiver' bank branch IFSC code

About Scotiabank

The Scotiabank is also popular by the name "Bank of Nova Scotia." First established in the year 1832, it didn't take much time for the bank to become the major banking organization in Canada. Today, Scotiabank has several branches running in over 55 international regions, including Europe, Latin America, the Caribbean, and India.

In India, the bank has branches in New Delhi, Mumbai, and Bangalore. You can open an account in Scotiabank to enjoy their extensive range of comprehensive banking services such as corporate banking, wealth management solutions, personal banking, investment banking, and much more.


1) Is SWIFT code the same for all the branches of Scotiabank?

No, each branch of Scotiabank has a unique SWIFT code. You can find your SWIFT code on the bank's website, bank statement, or through an online search.

2) Does Scotiabank have a toll-free number?

Yes, Scotiabank has a toll-free number for all its customers living in any corner of the world.

3) Can I transfer money without a SWIFT code?

No, you can not transfer money without a SWIFT code as it is used to identify the branches of the banks. Without a SWIFT code, your bank can't know the exact bank or branch the money should go to. Couldn't find the charges for NEFT.Couldn't find the charges for RTGS.Couldn't find the charges for IMPS.