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 Teosa branch in Teosa, Amaravati, Maharashtra, 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 Teosa or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESMF0001564. 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, Teosa, Teosa
The table below shows the main details of the IFSC Code ESMF0001564 for the Esaf Small Finance Bank Limited branch in Teosa, which falls under the Amaravati district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001564 |
| Branch | Teosa |
| City | Teosa |
| District | Amaravati |
| State | Maharashtra |
| Address | Rathi Tower,Opp Bus Stand,Nagpur,Amravati Road,Teosa P O,Amravati 444903 |
These details help users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Teosa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001564 for the Teosa 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 Teosa, Teosa, Maharashtra, is provided a unique IFSC like ESMF0001564 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 Teosa.
- 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 Teosa and Amaravati.
- 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Esaf Small Finance Bank Limited in Teosa do not get misguided to another person.
Format of the IFSC Code ESMF0001564
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 Teosa in Teosa.
For example, the IFSC Code ESMF0001564 of Esaf Small Finance Bank Limited for the Teosa branch includes these elements, identifying the bank and the branch location in Teosa and Maharashtra correctly.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
To find the IFSC Code ESMF0001564 of Esaf Small Finance Bank Limited for its Teosa branch located in Teosa, 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 Teosa and Amaravati, 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 Teosa or Teosa to find the exact IFSC Code ESMF0001564.
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 Teosa will provide accurate information.
How to Use IFSC Code ESMF0001564 for Online Transfers?
If you have the IFSC Code ESMF0001564 for the Teosa branch of Esaf Small Finance Bank Limited in Teosa, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001564. 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 ESMF0001564.
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 Teosa in Teosa, it may 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 Teosa, 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 Teosa manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Teosa Teosa branch is ESMF0001564.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Rathi Tower,Opp Bus Stand,Nagpur,Amravati Road,Teosa P O,Amravati 444903.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.