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 Esaf Small Finance Bank Limited for its Kongad I branch in Kongad I, Palakkad, Kerala, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Esaf Small Finance Bank Limited located in Kongad I or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code ESMF0001385. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Esaf Small Finance Bank Limited, Kongad I, Kongad I
Below in the table are the key details related to IFSC Code ESMF0001385 of Esaf Small Finance Bank Limited for its branch located in Kongad I, within the district of Palakkad in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001385 |
| Branch | Kongad I |
| City | Kongad I |
| District | Palakkad |
| State | Kerala |
| Address | Nandanam Arcade,Near Kprp Higher Secondary School,Kongad P O |
These details help users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Kongad I for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001385 for the Kongad I branch of Esaf 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 Esaf Small Finance Bank Limited located in Kongad I, Kongad I, Kerala, is provided a unique IFSC like ESMF0001385 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Esaf Small Finance Bank Limited branch in Kongad I.
- 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 Kongad I and Palakkad.
- 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for Esaf Small Finance Bank Limited in Kongad I do not get misguided to another person.
Format of the IFSC Code ESMF0001385
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 Kongad I in Kongad I.
For example, the IFSC Code ESMF0001385 of Esaf Small Finance Bank Limited for the Kongad I branch includes these elements, identifying the bank and the branch location in Kongad I and Kerala accurately.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
To find the IFSC Code ESMF0001385 of Esaf Small Finance Bank Limited for its Kongad I branch located in Kongad I, the following methods can help you out:
Cheque Book
The cheque book issued by Esaf 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 Esaf Small Finance Bank Limited branches in Kongad I and Palakkad, 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 go to the branch locator section. Then search for Kongad I or Kongad I to find the exact IFSC Code ESMF0001385.
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 maintains an updated database of all IFSC codes. Searching for Esaf Small Finance Bank Limited and Kongad I will provide accurate information.
How to Use IFSC Code ESMF0001385 for Online Transfers?
Once you have the IFSC Code ESMF0001385 for the Kongad I branch of Esaf Small Finance Bank Limited in Kongad I, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ESMF0001385. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Esaf Small Finance Bank Limited IFSC Code ESMF0001385.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Esaf Small Finance Bank Limited Kongad I in Kongad I, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Esaf Small Finance Bank Limited in Kongad I, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Esaf Small Finance Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Kongad I manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ESMF0001385.
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 Nandanam Arcade,Near Kprp Higher Secondary School,Kongad P O located in Kongad I, Palakkad, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.