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 Umred branch in Umred, Nagpur, 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 Umred or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ESMF0001565. 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, Umred, Umred
Here are the key points that are associated with the IFSC Code ESMF0001565 of Esaf Small Finance Bank Limited for its branch located in Umred, within the district of Nagpur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Esaf Small Finance Bank Limited |
| IFSC Code | ESMF0001565 |
| Branch | Umred |
| City | Umred |
| District | Nagpur |
| State | Maharashtra |
| Address | 70,Suyog Nagar,Revatkar Layout,Mohpa Road,Umred P O,Nagpur 441203 |
These details help users in online banking and for businesses and individuals who use Esaf Small Finance Bank Limited in Umred for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ESMF0001565 for the Umred 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 Umred, Umred, Maharashtra, is provided a unique IFSC like ESMF0001565 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 Umred.
- 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 Umred and Nagpur.
- 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 Umred do not get misguided to another person.
Format of the IFSC Code ESMF0001565
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): 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 Umred in Umred.
For example, the IFSC Code ESMF0001565 of Esaf Small Finance Bank Limited for the Umred branch includes these elements, identifying the bank and the branch location in Umred and Maharashtra accurately.
How to Find IFSC Code for Esaf Small Finance Bank Limited?
If you are trying to find the IFSC Code ESMF0001565 of Esaf Small Finance Bank Limited for its Umred branch located in Umred, 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 Umred and Nagpur, 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 Umred or Umred to get the exact IFSC Code ESMF0001565.
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 Umred, you'll get the correct details.
How to Use IFSC Code ESMF0001565 for Online Transfers?
Once you have the IFSC Code ESMF0001565 for the Umred branch of Esaf Small Finance Bank Limited in Umred, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ESMF0001565. The transfer is completed in batches instead of instantly. It is useful for both 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 ESMF0001565.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Esaf Small Finance Bank Limited Umred in Umred, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Esaf Small Finance Bank Limited in Umred, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Esaf Small Finance Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Umred manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Umred Umred branch is ESMF0001565.
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 70,Suyog Nagar,Revatkar Layout,Mohpa Road,Umred P O,Nagpur 441203.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.