For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Equitas Small Finance Bank Limited for its Tumsar Road, Bhandara branch in Bhandara, Bhandara, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Equitas Small Finance Bank Limited located in Bhandara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESFB0009066. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Equitas Small Finance Bank Limited, Tumsar Road, Bhandara, Bhandara
Below in the table are the key details related to IFSC Code ESFB0009066 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 | ESFB0009066 |
| Branch | Tumsar Road, Bhandara |
| City | Bhandara |
| District | Bhandara |
| State | Maharashtra |
| Address | C/O Mrs Rekha Kesalkar,Plot No 2 First Flroor,Tumsar Road Bhandara 441904 |
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 ESFB0009066 for the Tumsar Road, Bhandara 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 Tumsar Road, Bhandara, Bhandara, Maharashtra, are allotted a unique IFSC like ESFB0009066 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 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 makes sure that money sent to Equitas Small Finance Bank Limited in Tumsar Road, Bhandara reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code ESFB0009066
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): These represent the bank code. In Equitas Small Finance Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Tumsar Road, Bhandara in Bhandara.
For example, the IFSC Code ESFB0009066 of Equitas Small Finance Bank Limited for the Tumsar Road, Bhandara branch has these elements, identifying the bank and the branch location in Bhandara and Maharashtra correctly.
How to Find IFSC Code for Equitas Small Finance Bank Limited?
If you are looking for the IFSC Code ESFB0009066 of Equitas Small Finance Bank Limited for its Tumsar Road, Bhandara branch located in Bhandara, the following methods can help:
Cheque Book
The cheque book that is issued by Equitas Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the 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
You can visit the official website of Equitas Small Finance Bank Limited and look for the branch locator section, then search for Tumsar Road, Bhandara or Bhandara to get the exact IFSC Code ESFB0009066.
Mobile Banking App
If you use Equitas Small Finance Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Equitas Small Finance Bank Limited and Bhandara, then it will provide you proper information.
How to Use IFSC Code ESFB0009066 for Online Transfers?
Once you have the IFSC Code ESFB0009066 for the Tumsar Road, Bhandara branch of Equitas Small Finance Bank Limited in Bhandara, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ESFB0009066. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 Equitas Small Finance Bank Limited IFSC Code ESFB0009066.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Equitas Small Finance Bank Limited Tumsar Road, Bhandara in Bhandara, your payment can get delayed or might not go through at all.
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 Tumsar Road, Bhandara, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Bhandara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ESFB0009066.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is C/O Mrs Rekha Kesalkar,Plot No 2 First Flroor,Tumsar Road Bhandara 441904 located in Bhandara, Bhandara, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.