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 Sattur Main Road-Virudhunagar branch in Madurai, Madurai, Tamil Nadu, 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 Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code ESFB0001342. 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, Sattur Main Road-Virudhunagar, Madurai
The table below shows the main details of the IFSC Code ESFB0001342 for the Equitas Small Finance Bank Limited branch in Madurai, which falls under the Madurai district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Equitas Small Finance Bank Limited |
| IFSC Code | ESFB0001342 |
| Branch | Sattur Main Road-Virudhunagar |
| City | Madurai |
| District | Madurai |
| State | Tamil Nadu |
| Address | 29/99,Gajendra Towers, 1St Floor, Sattur Main Road,Vijayabank Upstaris,Virudhunagar - 626 001 |
These details help users in online banking and for businesses and individuals who use Equitas Small Finance Bank Limited in Madurai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESFB0001342 for the Sattur Main Road-Virudhunagar branch of Equitas Small Finance Bank Limited has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Equitas Small Finance Bank Limited located in Sattur Main Road-Virudhunagar, Madurai, Tamil Nadu, is provided a unique IFSC like ESFB0001342 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Equitas Small Finance Bank Limited branch in Madurai.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Madurai and Madurai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Equitas Small Finance Bank Limited in Sattur Main Road-Virudhunagar do not get misguided to another person.
Format of the IFSC Code ESFB0001342
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 Sattur Main Road-Virudhunagar in Madurai.
For example, the IFSC Code ESFB0001342 of Equitas Small Finance Bank Limited for the Sattur Main Road-Virudhunagar branch has these elements, identifying the bank and the branch location in Madurai and Tamil Nadu correctly.
How to Find IFSC Code for Equitas Small Finance Bank Limited?
To find the IFSC Code ESFB0001342 of Equitas Small Finance Bank Limited for its Sattur Main Road-Virudhunagar branch located in Madurai, 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 Madurai and Madurai, 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 Sattur Main Road-Virudhunagar or Madurai to find the exact IFSC Code ESFB0001342.
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 Madurai will provide accurate information.
How to Use IFSC Code ESFB0001342 for Online Transfers?
Once you have the IFSC Code ESFB0001342 for the Sattur Main Road-Virudhunagar branch of Equitas Small Finance Bank Limited in Madurai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESFB0001342. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Equitas Small Finance Bank Limited IFSC Code ESFB0001342.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Equitas Small Finance Bank Limited Sattur Main Road-Virudhunagar in Madurai, it can 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 Sattur Main Road-Virudhunagar, 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 Madurai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ESFB0001342.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 29/99,Gajendra Towers, 1St Floor, Sattur Main Road,Vijayabank Upstaris,Virudhunagar - 626 001 located in Madurai, Madurai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.