Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Esaf Small Finance Bank Limited for its Yawal branch in Jalgaon, Jalgaon, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Esaf Small Finance Bank Limited located in Jalgaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESMF0001775. You should definitely 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, Yawal, Jalgaon
Here are some of the key details that come with the IFSC Code ESMF0001775 of Esaf Small Finance Bank Limited for its branch located in Jalgaon, within the district of Jalgaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001775 |
| Branch | Yawal |
| City | Jalgaon |
| District | Jalgaon |
| State | Maharashtra |
| Address | First Floor,Near Manudevi Mandir,Faizpur Road,Yawal,Po Yawal,Yawal Nagar Panchayat,Jalgaon District,Maharashtra-425301 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Esaf Small Finance Bank Limited in Jalgaon for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001775 for the Yawal branch of Esaf Small Finance Bank Limited has 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, including Esaf Small Finance Bank Limited located in Yawal, Jalgaon, Maharashtra, is provided with a unique IFSC like ESMF0001775 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 Jalgaon.
- 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 Jalgaon and Jalgaon.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Esaf Small Finance Bank Limited in Yawal do not get mixed with another location.
Format of the IFSC Code ESMF0001775
The format of the IFSC Code for banks, including Esaf Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Esaf Small Finance Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Yawal in Jalgaon.
For example, the IFSC Code ESMF0001775 of Esaf Small Finance Bank Limited for the Yawal branch includes these elements, identifying the bank and the branch location in Jalgaon and Maharashtra accurately.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001775 of Esaf Small Finance Bank Limited for its Yawal branch located in Jalgaon, the following methods can help:
Cheque Book
The cheque book issued by Esaf Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Esaf Small Finance Bank Limited branches in Jalgaon and Jalgaon, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Esaf Small Finance Bank Limited and navigate to the branch locator section. Search for Yawal or Jalgaon to get the exact IFSC Code ESMF0001775.
Mobile Banking App
If you use Esaf 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 keeps an updated list of all IFSC codes. If you search for Esaf Small Finance Bank Limited and Jalgaon, you'll get the correct details.
How to Use IFSC Code ESMF0001775 for Online Transfers?
Once you have the IFSC Code ESMF0001775 for the Yawal branch of Esaf Small Finance Bank Limited in Jalgaon, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001775. 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 Esaf Small Finance Bank Limited IFSC Code ESMF0001775.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Esaf Small Finance Bank Limited Yawal in Jalgaon, 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 Esaf Small Finance Bank Limited in Yawal, 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 Esaf Small Finance Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Jalgaon to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ESMF0001775.
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 First Floor,Near Manudevi Mandir,Faizpur Road,Yawal,Po Yawal,Yawal Nagar Panchayat,Jalgaon District,Maharashtra-425301 located in Jalgaon, Jalgaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.