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 Esaf Small Finance Bank Limited for its Dindori branch in Dindori, Dindori, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Esaf Small Finance Bank Limited situated in Dindori or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code ESMF0001557. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Esaf Small Finance Bank Limited, Dindori, Dindori
Here are the main details that are associated with the IFSC Code ESMF0001557 of Esaf Small Finance Bank Limited for its branch located in Dindori, within the district of Dindori in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001557 |
| Branch | Dindori |
| City | Dindori |
| District | Dindori |
| State | Madhya Pradesh |
| Address | 1St Floor,Bando House,Ward No 1,Jabalpur Road,Subhakar,Dindori,Madhya Pradesh,481880 |
These details are important not only for users using online banking but also for businesses and individuals who use Esaf Small Finance Bank Limited in Dindori for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ESMF0001557 for the Dindori branch of Esaf Small Finance Bank Limited is vital.
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, including Esaf Small Finance Bank Limited located in Dindori, Dindori, Madhya Pradesh, is provided with a unique IFSC like ESMF0001557 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Esaf Small Finance Bank Limited branch in Dindori.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Dindori and Dindori.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Esaf Small Finance Bank Limited in Dindori do not get mixed with another location.
Format of the IFSC Code ESMF0001557
The format of the IFSC Code for banks, including Esaf Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Esaf 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 Dindori in Dindori.
For example, the IFSC Code ESMF0001557 of Esaf Small Finance Bank Limited for the Dindori branch has these elements, identifying the bank and the branch location in Dindori and Madhya Pradesh correctly.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001557 of Esaf Small Finance Bank Limited for its Dindori branch located in Dindori, the following methods can help:
Cheque Book
The cheque books that are issued by Esaf Small Finance Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Esaf Small Finance Bank Limited branches in Dindori and Dindori, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Esaf Small Finance Bank Limited and find the branch locator section. Search for Dindori or Dindori to get the exact IFSC Code ESMF0001557.
Mobile Banking App
If you use Esaf Small Finance Bank Limited's mobile app, you can easily 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 to help you in searching for Esaf Small Finance Bank Limited and Dindori that will provide accurate information.
How to Use IFSC Code ESMF0001557 for Online Transfers?
If you have the IFSC Code ESMF0001557 for the Dindori branch of Esaf Small Finance Bank Limited in Dindori, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001557. 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 Esaf Small Finance Bank Limited IFSC Code ESMF0001557.
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 Esaf Small Finance Bank Limited Dindori in Dindori, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Esaf Small Finance Bank Limited in Dindori, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Esaf Small Finance Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Dindori manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is ESMF0001557.
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 1St Floor,Bando House,Ward No 1,Jabalpur Road,Subhakar,Dindori,Madhya Pradesh,481880 located in Dindori, Dindori, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.