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 Tumsar branch in Tumsar, Bhandara, 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 Tumsar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESMF0001541. 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, Tumsar, Tumsar
Here are the main details that are associated with the IFSC Code ESMF0001541 of Esaf Small Finance Bank Limited for its branch located in Tumsar, within the district of Bhandara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001541 |
| Branch | Tumsar |
| City | Tumsar |
| District | Bhandara |
| State | Maharashtra |
| Address | Bamnhote Society Building,Indiara Nagar,Tumsarp O,Bhandara,441912 |
These details helps users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Tumsar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001541 for the Tumsar 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 Tumsar, Tumsar, Maharashtra, are given a unique IFSC like ESMF0001541 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Tumsar.
- 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 Tumsar and Bhandara.
- 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 Tumsar 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 ESMF0001541
The format of the IFSC Code for banks, including Esaf Small Finance Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Esaf Small Finance Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Tumsar in Tumsar.
For example, the IFSC Code ESMF0001541 of Esaf Small Finance Bank Limited for the Tumsar branch includes these elements, identifying the bank and the branch location in Tumsar and Maharashtra accurately.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001541 of Esaf Small Finance Bank Limited for its Tumsar branch located in Tumsar, 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 Tumsar and Bhandara, 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 Tumsar or Tumsar to get the exact IFSC Code ESMF0001541.
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 Tumsar, you'll get the correct details.
How to Use IFSC Code ESMF0001541 for Online Transfers?
Once you have the IFSC Code ESMF0001541 for the Tumsar branch of Esaf Small Finance Bank Limited in Tumsar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ESMF0001541. 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 ESMF0001541.
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 Tumsar in Tumsar 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 Tumsar, 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 Tumsar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Tumsar Tumsar branch is ESMF0001541.
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 Bamnhote Society Building,Indiara Nagar,Tumsarp O,Bhandara,441912.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.