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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Fino Payments Bank for its Lohara branch in Osmanabad, Osmanabad, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Fino Payments Bank located in Osmanabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FINO0001359. 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, Lohara, Osmanabad
Here are some of the key details that come with the IFSC Code FINO0001359 of Fino Payments Bank for its branch located in Osmanabad, within the district of Osmanabad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Fino Payments Bank |
| IFSC Code | FINO0001359 |
| Branch | Lohara |
| City | Osmanabad |
| District | Osmanabad |
| State | Maharashtra |
| Address | Near Bus Stand,Shivaji Chowk,Tal-Umarga,Dist Osmanabad,Lohara-413608 |
These details helps users in online banking and for businesses and individuals who use Fino Payments Bank in Osmanabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code FINO0001359 for the Lohara branch of Fino Payments Bank 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 Fino Payments Bank located in Lohara, Osmanabad, Maharashtra, are allotted a unique IFSC like FINO0001359 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Osmanabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Osmanabad and Osmanabad.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Fino Payments Bank in Lohara reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code FINO0001359
The format of the IFSC Code for banks, including Fino Payments Bank, has 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 Lohara in Osmanabad.
For example, the IFSC Code FINO0001359 of Fino Payments Bank for the Lohara branch includes these elements, identifying the bank and the branch location in Osmanabad and Maharashtra correctly.
How to Find IFSC Code for Fino Payments Bank?
If you are trying to find the IFSC Code FINO0001359 of Fino Payments Bank for its Lohara branch located in Osmanabad, the following methods can help:
Cheque Book
The cheque book issued by Fino Payments Bank 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 Fino Payments Bank branches in Osmanabad and Osmanabad, print them on the first page of your passbook.
Bank Website
Visit the official website of Fino Payments Bank and navigate to the branch locator section. Search for Lohara or Osmanabad to get the exact IFSC Code FINO0001359.
Mobile Banking App
If you use Fino Payments Bank'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 Fino Payments Bank and Osmanabad, you'll get the correct details.
How to Use IFSC Code FINO0001359 for Online Transfers?
If you have the IFSC Code FINO0001359 for the Lohara branch of Fino Payments Bank in Osmanabad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code FINO0001359. 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 Fino Payments Bank IFSC Code FINO0001359.
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 Fino Payments Bank Lohara in Osmanabad, 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 Fino Payments Bank in Lohara, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Osmanabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is FINO0001359.
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 Near Bus Stand,Shivaji Chowk,Tal-Umarga,Dist Osmanabad,Lohara-413608 located in Osmanabad, Osmanabad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.