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 Equitas Small Finance Bank Limited for its Gondiya branch in Bhandara, Bhandara, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Equitas Small Finance Bank Limited situated in Bhandara or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ESFB0009116. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Equitas Small Finance Bank Limited, Gondiya, Bhandara
Below in the table are the key details related to IFSC Code ESFB0009116 of Equitas Small Finance Bank Limited for its branch located in Bhandara, within the district of Bhandara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Equitas Small Finance Bank Limited |
| IFSC Code | ESFB0009116 |
| Branch | Gondiya |
| City | Bhandara |
| District | Bhandara |
| State | Maharashtra |
| Address | Deshmukh Premises Ground Floor Kk Dhote Ward Railtoly Gondia Maharastra |
These details are essential not only for online banking users but also for businesses and individuals who use Equitas Small Finance Bank Limited in Bhandara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESFB0009116 for the Gondiya branch of Equitas Small Finance Bank Limited 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 provided by the Reserve Bank of India. Every bank branch, along with Equitas Small Finance Bank Limited located in Gondiya, Bhandara, Maharashtra, are given a unique IFSC like ESFB0009116 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhandara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bhandara and Bhandara.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Equitas Small Finance Bank Limited in Gondiya goes to the correct branch. This is important because Equitas Small Finance Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ESFB0009116
The format of the IFSC Code for banks, including Equitas Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Equitas Small Finance Bank Limited, 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 Gondiya in Bhandara.
For example, the IFSC Code ESFB0009116 of Equitas Small Finance Bank Limited for the Gondiya branch includes these elements, identifying the bank and the branch location in Bhandara and Maharashtra accurately.
How to Find IFSC Code for Equitas Small Finance Bank Limited?
To find the IFSC Code ESFB0009116 of Equitas Small Finance Bank Limited for its Gondiya branch located in Bhandara, the following methods can help you out:
Cheque Book
The cheque book issued by Equitas Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Equitas Small Finance Bank Limited branches in Bhandara and Bhandara, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Equitas Small Finance Bank Limited and go to the branch locator section. Then search for Gondiya or Bhandara to find the exact IFSC Code ESFB0009116.
Mobile Banking App
If you use Equitas Small Finance Bank Limited'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 Equitas Small Finance Bank Limited and Bhandara will provide accurate information.
How to Use IFSC Code ESFB0009116 for Online Transfers?
If you have the IFSC Code ESFB0009116 for the Gondiya branch of Equitas Small Finance Bank Limited in Bhandara, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESFB0009116. Transfers are processed in batches. 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. Asks for the recipient's account details and Equitas Small Finance Bank Limited IFSC Code ESFB0009116.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Equitas Small Finance Bank Limited Gondiya in Bhandara, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Equitas Small Finance Bank Limited in Gondiya, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Equitas Small Finance Bank Limited website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Bhandara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gondiya Bhandara branch is ESFB0009116.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Deshmukh Premises Ground Floor Kk Dhote Ward Railtoly Gondia Maharastra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.