The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Fino Payments Bank for its Sativali branch in Thane, Thane, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Fino Payments Bank located in Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code FINO0001001. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Fino Payments Bank, Sativali, Thane
Here are the main details that are associated with the IFSC Code FINO0001001 of Fino Payments Bank for its branch located in Thane, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Fino Payments Bank |
| IFSC Code | FINO0001001 |
| Branch | Sativali |
| City | Thane |
| District | Thane |
| State | Maharashtra |
| Address | Shop N.15 And 25 Ground Floor Istiyak Complex,S No 54,H.No.D Village Sativali,Vasai East,Thane |
These details are important not only for users using online banking but also for businesses and individuals who use Fino Payments Bank in Thane for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code FINO0001001 for the Sativali branch of Fino Payments Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like FINO0001001 is given to every bank branch, including Fino Payments Bank located in Sativali, Thane, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Fino Payments Bank branch in Thane.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Thane and Thane.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Fino Payments Bank in Sativali doesn't end up at another location.
Format of the IFSC Code FINO0001001
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): These represent the bank code. In Fino Payments Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sativali in Thane.
For example, the IFSC Code FINO0001001 of Fino Payments Bank for the Sativali branch has these elements, identifying the bank and the branch location in Thane and Maharashtra correctly.
How to Find IFSC Code for Fino Payments Bank?
If you are looking for the IFSC Code FINO0001001 of Fino Payments Bank for its Sativali branch located in Thane, 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 Thane and Thane, 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 Sativali or Thane to get the exact IFSC Code FINO0001001.
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 Thane, then it will provide you proper information.
How to Use IFSC Code FINO0001001 for Online Transfers?
Once you have the IFSC Code FINO0001001 for the Sativali branch of Fino Payments Bank in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code FINO0001001. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 FINO0001001.
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 Sativali in Thane, your payment can get delayed or might not go through at all.
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 Sativali, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Thane to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is FINO0001001.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop N.15 And 25 Ground Floor Istiyak Complex,S No 54,H.No.D Village Sativali,Vasai East,Thane located in Thane, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.