The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Esaf Small Finance Bank Limited for its Solapur branch in Solapur, Solapur, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Esaf Small Finance Bank Limited located in Solapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESMF0001668. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Esaf Small Finance Bank Limited, Solapur, Solapur

Here are the main details that are associated with the IFSC Code ESMF0001668 of Esaf Small Finance Bank Limited for its branch located in Solapur, within the district of Solapur in the state of Maharashtra.

Particulars Details
Bank Esaf Small Finance Bank Limited
IFSC Code ESMF0001668
Branch Solapur
City Solapur
District Solapur
State Maharashtra
Address No 162/1, Plot No 314/A, Subh Gruha,Near Jagdamba Chowk,Telangipaccha Peth,Solapur P O

These details helps users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Solapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001668 for the Solapur branch of Esaf Small Finance Bank Limited plays a vital 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 Solapur, Solapur, Maharashtra, are given a unique IFSC like ESMF0001668 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Solapur.
  • 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 Solapur and Solapur.
  • 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 Solapur goes to the correct branch. This is important because Esaf Small Finance Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code ESMF0001668

This is the format of the IFSC Code for banks, including Esaf Small Finance Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Esaf Small Finance Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Solapur in Solapur.

For example, the IFSC Code ESMF0001668 of Esaf Small Finance Bank Limited for the Solapur branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra accurately.

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

If you are trying to find the IFSC Code ESMF0001668 of Esaf Small Finance Bank Limited for its Solapur branch located in Solapur, 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

You can easily find the IFSC and MICR codes because most banks, including Esaf Small Finance Bank Limited branches in Solapur and Solapur, print them 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 Solapur or Solapur to get the exact IFSC Code ESMF0001668.

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 Solapur, you'll get the correct details.

How to Use IFSC Code ESMF0001668 for Online Transfers?

If you have the IFSC Code ESMF0001668 for the Solapur branch of Esaf Small Finance Bank Limited in Solapur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ESMF0001668. 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 ESMF0001668.

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 Solapur in Solapur, 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 Solapur, 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 Solapur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

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

The IFSC Code is ESMF0001668.

Is the IFSC Code ESMF0001668 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Solapur branch?

The address of the branch is No 162/1, Plot No 314/A, Subh Gruha,Near Jagdamba Chowk,Telangipaccha Peth,Solapur P O located in Solapur, Solapur, Maharashtra.

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.