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 Nassrullaganj branch in Nassrullaganj, Sehore, 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 Nassrullaganj or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code ESMF0001550. 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, Nassrullaganj, Nassrullaganj
Below in the table are the key details related to IFSC Code ESMF0001550 of Esaf Small Finance Bank Limited for its branch located in Nassrullaganj, within the district of Sehore in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001550 |
| Branch | Nassrullaganj |
| City | Nassrullaganj |
| District | Sehore |
| State | Madhya Pradesh |
| Address | No 3630,Parath Complex,Nassrullaganj P O,Sehore,Madhyapradesh 466331 |
These details help users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Nassrullaganj for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001550 for the Nassrullaganj 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Esaf Small Finance Bank Limited located in Nassrullaganj, Nassrullaganj, Madhya Pradesh, are given a unique IFSC like ESMF0001550 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nassrullaganj.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Nassrullaganj and Sehore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Esaf Small Finance Bank Limited in Nassrullaganj goes to the correct branch. This is important because Esaf Small Finance Bank Limited has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ESMF0001550
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): Show the bank code. For Esaf Small Finance Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Nassrullaganj in Nassrullaganj.
For example, the IFSC Code ESMF0001550 of Esaf Small Finance Bank Limited for the Nassrullaganj branch includes these elements, identifying the bank and the branch location in Nassrullaganj and Madhya Pradesh accurately.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001550 of Esaf Small Finance Bank Limited for its Nassrullaganj branch located in Nassrullaganj, 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 Nassrullaganj and Sehore, 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 Nassrullaganj or Nassrullaganj to get the exact IFSC Code ESMF0001550.
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 Nassrullaganj, you'll get the correct details.
How to Use IFSC Code ESMF0001550 for Online Transfers?
Once you have the IFSC Code ESMF0001550 for the Nassrullaganj branch of Esaf Small Finance Bank Limited in Nassrullaganj, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001550. Transfers are processed in batches. This is 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. Requires the recipient's account details and Esaf Small Finance Bank Limited IFSC Code ESMF0001550.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Esaf Small Finance Bank Limited Nassrullaganj in Nassrullaganj may 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 Nassrullaganj, 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 Nassrullaganj to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ESMF0001550.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is No 3630,Parath Complex,Nassrullaganj P O,Sehore,Madhyapradesh 466331 located in Nassrullaganj, Sehore, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.