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 Pawai branch in Pawai, Panna, Madhya Pradesh, 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 Pawai or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code ESMF0001561. 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, Pawai, Pawai
Here are the main details that are associated with the IFSC Code ESMF0001561 of Esaf Small Finance Bank Limited for its branch located in Pawai, within the district of Panna in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001561 |
| Branch | Pawai |
| City | Pawai |
| District | Panna |
| State | Madhya Pradesh |
| Address | No 15,Katni Road,Pawai P O,Panna,Madhya Pradesh,488446 |
These details are essential not only for online banking users but also for businesses and individuals who use Esaf Small Finance Bank Limited in Pawai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001561 for the Pawai branch of Esaf Small Finance Bank Limited plays 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, along with Esaf Small Finance Bank Limited located in Pawai, Pawai, Madhya Pradesh, are allotted a unique IFSC like ESMF0001561 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pawai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Pawai and Panna.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Esaf Small Finance Bank Limited in Pawai reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code ESMF0001561
The format of the IFSC Code for banks, including Esaf Small Finance Bank Limited, has 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 Pawai in Pawai.
For example, the IFSC Code ESMF0001561 of Esaf Small Finance Bank Limited for the Pawai branch includes these elements, identifying the bank and the branch location in Pawai and Madhya Pradesh correctly.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001561 of Esaf Small Finance Bank Limited for its Pawai branch located in Pawai, 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 Pawai and Panna, 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 Pawai or Pawai to get the exact IFSC Code ESMF0001561.
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 Pawai that will provide accurate information.
How to Use IFSC Code ESMF0001561 for Online Transfers?
If you have the IFSC Code ESMF0001561 for the Pawai branch of Esaf Small Finance Bank Limited in Pawai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001561. 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 ESMF0001561.
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 Pawai in Pawai, it 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 Pawai, 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 Pawai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ESMF0001561.
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 No 15,Katni Road,Pawai P O,Panna,Madhya Pradesh,488446 located in Pawai, Panna, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.