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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Fino Payments Bank for its Mankhurd branch in Mumbai, Mumbai Suburban, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Fino Payments Bank located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FINO0001157. 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 Fino Payments Bank, Mankhurd, Mumbai
Below in the table are the key details related to IFSC Code FINO0001157 of Fino Payments Bank for its branch located in Mumbai, within the district of Mumbai Suburban in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Fino Payments Bank |
| IFSC Code | FINO0001157 |
| Branch | Mankhurd |
| City | Mumbai |
| District | Mumbai Suburban |
| State | Maharashtra |
| Address | Cen 676,Plot B 5,Lane - 5,Matang,Rushi Nagar,G M Link Road,Mankhurd-400073 |
These details help users in online banking and for businesses and individuals who use Fino Payments Bank in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FINO0001157 for the Mankhurd branch of Fino Payments Bank has a very important 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, including Fino Payments Bank located in Mankhurd, Mumbai, Maharashtra, is provided with a unique IFSC like FINO0001157 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Fino Payments Bank branch in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mumbai and Mumbai Suburban.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Fino Payments Bank in Mankhurd do not get mixed with another location.
Format of the IFSC Code FINO0001157
The format of the IFSC Code for banks, including Fino Payments Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Fino Payments Bank, 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 Mankhurd in Mumbai.
For example, the IFSC Code FINO0001157 of Fino Payments Bank for the Mankhurd branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for Fino Payments Bank?
If you are looking for the IFSC Code FINO0001157 of Fino Payments Bank for its Mankhurd branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book that is issued by Fino Payments Bank 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 Fino Payments Bank branches in Mumbai and Mumbai Suburban, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Fino Payments Bank and look for the branch locator section, then search for Mankhurd or Mumbai to get the exact IFSC Code FINO0001157.
Mobile Banking App
If you use Fino Payments Bank'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 Fino Payments Bank and Mumbai, then it will provide you proper information.
How to Use IFSC Code FINO0001157 for Online Transfers?
Once you have the IFSC Code FINO0001157 for the Mankhurd branch of Fino Payments Bank in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FINO0001157. 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 Fino Payments Bank IFSC Code FINO0001157.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Fino Payments Bank Mankhurd in Mumbai, your payment can get delayed or might not go through at all.
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 Fino Payments Bank in Mankhurd, 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 Fino Payments Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is FINO0001157.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Cen 676,Plot B 5,Lane - 5,Matang,Rushi Nagar,G M Link Road,Mankhurd-400073 located in Mumbai, Mumbai Suburban, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.