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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Esaf Small Finance Bank Limited for its Rajsamand branch in Rajsamand, Rajsamand, or Rajasthan, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Esaf Small Finance Bank Limited located in Rajsamand or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code ESMF0001788. 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, Rajsamand, Rajsamand

Here are some of the key details that come with the IFSC Code ESMF0001788 of Esaf Small Finance Bank Limited for its branch located in Rajsamand, within the district of Rajsamand in the state of Rajasthan.

Particulars Details
Bank Esaf Small Finance Bank Limited
IFSC Code ESMF0001788
Branch Rajsamand
City Rajsamand
District Rajsamand
State Rajasthan
Address Signature Tower-A,First Floor,Opp.Shreenath Petrol Pumpl,Kankroli,Rajsamand,Rajsamand Po,Rajsamand Minicipality,Rajsamand District,Rajasthan-313324

These details are essential not only for online banking users but also for businesses and individuals who use Esaf Small Finance Bank Limited in Rajsamand for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001788 for the Rajsamand 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 that is provided by the Reserve Bank of India. A unique IFSC like ESMF0001788 is given to every bank branch, including Esaf Small Finance Bank Limited located in Rajsamand, Rajsamand, Rajasthan, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Esaf Small Finance Bank Limited branch in Rajsamand.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Rajsamand and Rajsamand.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Rajasthan and the rest of India, which is why the IFSC Code ensures that transactions meant for Esaf Small Finance Bank Limited in Rajsamand doesn't end up at another location.

Format of the IFSC Code ESMF0001788

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 Rajsamand in Rajsamand.

For example, the IFSC Code ESMF0001788 of Esaf Small Finance Bank Limited for the Rajsamand branch has these elements, identifying the bank and the branch location in Rajsamand and Rajasthan correctly.

How to Find IFSC Code for Esaf Small Finance Bank Limited?

If you are looking for the IFSC Code ESMF0001788 of Esaf Small Finance Bank Limited for its Rajsamand branch located in Rajsamand, the following methods can help:

Cheque Book

The cheque book that is issued by Esaf Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Esaf Small Finance Bank Limited branches in Rajsamand and Rajsamand, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Esaf Small Finance Bank Limited and look for the branch locator section, then search for Rajsamand or Rajsamand to get the exact IFSC Code ESMF0001788.

Mobile Banking App

If you use Esaf Small Finance Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Esaf Small Finance Bank Limited and Rajsamand, then it will provide you proper information.

How to Use IFSC Code ESMF0001788 for Online Transfers?

Once you have the IFSC Code ESMF0001788 for the Rajsamand branch of Esaf Small Finance Bank Limited in Rajsamand, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ESMF0001788. 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 ESMF0001788.

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 Rajsamand in Rajsamand, it can 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 Rajsamand, 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 Rajsamand manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Esaf Small Finance Bank Limited in Rajsamand, Rajsamand?

The IFSC Code is ESMF0001788.

Is the IFSC Code ESMF0001788 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Esaf Small Finance Bank Limited Rajsamand?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Rajsamand branch?

The address of the branch is Signature Tower-A,First Floor,Opp.Shreenath Petrol Pumpl,Kankroli,Rajsamand,Rajsamand Po,Rajsamand Minicipality,Rajsamand District,Rajasthan-313324 located in Rajsamand, Rajsamand, Rajasthan.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.