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 G P Parsik Bank for its Kamothe Branch branch in Kamothe, 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 G P Parsik Bank located in Kamothe or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PJSB0000029. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for G P Parsik Bank, Kamothe Branch, Kamothe
Here are the key points that are associated with the IFSC Code PJSB0000029 of G P Parsik Bank for its branch located in Kamothe, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000029 |
| Branch | Kamothe Branch |
| City | Kamothe |
| District | Thane |
| State | Maharashtra |
| Address | Shop No 1,2 & 3 Ground Floor Shivparvati Building Plot No 5-A, Sector 11, Kamothe, Navi Mumbai |
These details helps users in online banking and for businesses and individuals who use G P Parsik Bank in Kamothe for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000029 for the Kamothe Branch branch of G P Parsik 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 G P Parsik Bank located in Kamothe Branch, Kamothe, Maharashtra, are allotted a unique IFSC like PJSB0000029 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kamothe.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kamothe 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 Kamothe Branch reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code PJSB0000029
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 Kamothe Branch in Kamothe.
For example, the IFSC Code PJSB0000029 of G P Parsik Bank for the Kamothe Branch branch includes these elements, identifying the bank and the branch location in Kamothe and Maharashtra accurately.
How to Find IFSC Code for G P Parsik Bank?
If you are trying to find the IFSC Code PJSB0000029 of G P Parsik Bank for its Kamothe Branch branch located in Kamothe, the following methods can help:
Cheque Book
The cheque books that are issued by G P Parsik Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including G P Parsik Bank branches in Kamothe 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 find the branch locator section. Search for Kamothe Branch or Kamothe to get the exact IFSC Code PJSB0000029.
Mobile Banking App
If you use G P Parsik Bank's mobile app, you can easily 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 to help you in searching for G P Parsik Bank and Kamothe that will provide accurate information.
How to Use IFSC Code PJSB0000029 for Online Transfers?
Once you have the IFSC Code PJSB0000029 for the Kamothe Branch branch of G P Parsik Bank in Kamothe, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PJSB0000029. Transfers are processed in batches. This is 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. Requires the recipient's account details and G P Parsik Bank IFSC Code PJSB0000029.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for G P Parsik Bank Kamothe Branch in Kamothe may result in delayed or failed transactions.
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 G P Parsik Bank in Kamothe Branch, 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 G P Parsik Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Kamothe manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kamothe Branch Kamothe branch is PJSB0000029.
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 Shop No 1,2 & 3 Ground Floor Shivparvati Building Plot No 5-A, Sector 11, Kamothe, Navi Mumbai.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.