There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of G P Parsik Bank for its Bhayandar branch in Bhayandar, Thane, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of G P Parsik Bank situated in Bhayandar or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code PJSB0000025. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for G P Parsik Bank, Bhayandar, Bhayandar
Here are the key points that are associated with the IFSC Code PJSB0000025 of G P Parsik Bank for its branch located in Bhayandar, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000025 |
| Branch | Bhayandar |
| City | Bhayandar |
| District | Thane |
| State | Maharashtra |
| Address | Hall No1 & 2, Shree Vinayak Building 1St Floor, Sarvodaya Compex, Bhayandar (E) Dist.- Thane 401 107 |
These details are crucial, not just for online banking users but also for businesses and individuals who use G P Parsik Bank in Bhayandar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000025 for the Bhayandar branch of G P Parsik Bank has an 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, along with G P Parsik Bank located in Bhayandar, Bhayandar, Maharashtra, are allotted a unique IFSC like PJSB0000025 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhayandar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhayandar and Thane.
- 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 G P Parsik Bank in Bhayandar reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code PJSB0000025
The format of the IFSC Code for banks, including G P Parsik Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For G P Parsik Bank, 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 Bhayandar in Bhayandar.
For example, the IFSC Code PJSB0000025 of G P Parsik Bank for the Bhayandar branch includes these elements, identifying the bank and the branch location in Bhayandar and Maharashtra accurately.
How to Find IFSC Code for G P Parsik Bank?
To find the IFSC Code PJSB0000025 of G P Parsik Bank for its Bhayandar branch located in Bhayandar, the following methods can help you out:
Cheque Book
The cheque book issued by G P Parsik Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including G P Parsik Bank branches in Bhayandar and Thane, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of G P Parsik Bank and go to the branch locator section. Then search for Bhayandar or Bhayandar to find the exact IFSC Code PJSB0000025.
Mobile Banking App
If you use G P Parsik Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for G P Parsik Bank and Bhayandar will provide accurate information.
How to Use IFSC Code PJSB0000025 for Online Transfers?
If you have the IFSC Code PJSB0000025 for the Bhayandar branch of G P Parsik Bank in Bhayandar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PJSB0000025. 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 G P Parsik Bank IFSC Code PJSB0000025.
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 G P Parsik Bank Bhayandar in Bhayandar, 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 G P Parsik Bank in Bhayandar, 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 G P Parsik Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Bhayandar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PJSB0000025.
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 Hall No1 & 2, Shree Vinayak Building 1St Floor, Sarvodaya Compex, Bhayandar (E) Dist.- Thane 401 107 located in Bhayandar, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.