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IFSC Code of Dmk Jaoli Bank, Guruwar Peth, Satara, Satara — DMKJ0000016

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Dmk Jaoli Bank for its Guruwar Peth branch in Satara, Satara, Satara, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Dmk Jaoli Bank situated in Satara or anywhere in Satara can easily transfer funds instantly by using the correct IFSC Code DMKJ0000016. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Dmk Jaoli Bank, Guruwar Peth, Satara

Below in the table are the key details related to IFSC Code DMKJ0000016 of Dmk Jaoli Bank for its branch located in Satara, within the district of Satara in the state of Satara.

Particulars Details
Bank Dmk Jaoli Bank
IFSC Code DMKJ0000016
Branch Guruwar Peth
City Satara
District Satara
State Satara
Address Pawar Tower Opp.Kamani Haud,Guruwar Peth ,Satara City, Dist-Satara. -415 002

These details are essential not only for online banking users but also for businesses and individuals who use Dmk Jaoli Bank in Satara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code DMKJ0000016 for the Guruwar Peth branch of Dmk Jaoli Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like DMKJ0000016 is given to every bank branch, including Dmk Jaoli Bank located in Guruwar Peth, Satara, Satara, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Dmk Jaoli Bank branch in Satara.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Satara and Satara.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Satara and the rest of India, which is why the IFSC Code ensures that transactions meant for Dmk Jaoli Bank in Guruwar Peth doesn't end up at another location.

Format of the IFSC Code DMKJ0000016

The format of the IFSC Code for banks, including Dmk Jaoli Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Dmk Jaoli Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Guruwar Peth in Satara.

For example, the IFSC Code DMKJ0000016 of Dmk Jaoli Bank for the Guruwar Peth branch includes these elements, identifying the bank and the branch location in Satara and Satara correctly.

How to Find IFSC Code for Dmk Jaoli Bank?

To find the IFSC Code DMKJ0000016 of Dmk Jaoli Bank for its Guruwar Peth branch located in Satara, the following methods can help you out:

Cheque Book

The cheque book issued by Dmk Jaoli Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Dmk Jaoli Bank branches in Satara and Satara, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Dmk Jaoli Bank and go to the branch locator section. Then search for Guruwar Peth or Satara to find the exact IFSC Code DMKJ0000016.

Mobile Banking App

If you use Dmk Jaoli Bank's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Dmk Jaoli Bank and Satara will provide accurate information.

How to Use IFSC Code DMKJ0000016 for Online Transfers?

Once you have the IFSC Code DMKJ0000016 for the Guruwar Peth branch of Dmk Jaoli Bank in Satara, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code DMKJ0000016. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Dmk Jaoli Bank IFSC Code DMKJ0000016.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Dmk Jaoli Bank Guruwar Peth in Satara may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Dmk Jaoli Bank in Guruwar Peth, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Dmk Jaoli Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Satara manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Dmk Jaoli Bank in Guruwar Peth, Satara?

The IFSC Code is DMKJ0000016.

Is the IFSC Code DMKJ0000016 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Dmk Jaoli Bank Guruwar Peth?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Guruwar Peth branch?

The address of the branch is Pawar Tower Opp.Kamani Haud,Guruwar Peth ,Satara City, Dist-Satara. -415 002 located in Satara, Satara, Satara.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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