For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of G P Parsik Bank for its Padagha Branch branch in Padagha, Thane, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of G P Parsik Bank located in Padagha or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PJSB0000052. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for G P Parsik Bank, Padagha Branch, Padagha
Below in the table are the key details related to IFSC Code PJSB0000052 of G P Parsik Bank for its branch located in Padagha, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000052 |
| Branch | Padagha Branch |
| City | Padagha |
| District | Thane |
| State | Maharashtra |
| Address | Padagha Branch, Masaheb Meenatai Thakare Complex, Padagha Bazar Peth, Tal. Bhiwandi, Dist. Thane. 421101 |
These details helps users in online banking and for businesses and individuals who use G P Parsik Bank in Padagha for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000052 for the Padagha 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 Padagha Branch, Padagha, Maharashtra, are given a unique IFSC like PJSB0000052 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Padagha.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Padagha 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 helps ensure that any money sent to G P Parsik Bank in Padagha Branch goes to the correct branch. This is important because G P Parsik Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PJSB0000052
The format of the IFSC Code for banks, including G P Parsik Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In G P Parsik 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 Padagha Branch in Padagha.
For example, the IFSC Code PJSB0000052 of G P Parsik Bank for the Padagha Branch branch has these elements, identifying the bank and the branch location in Padagha and Maharashtra correctly.
How to Find IFSC Code for G P Parsik Bank?
If you are looking for the IFSC Code PJSB0000052 of G P Parsik Bank for its Padagha Branch branch located in Padagha, the following methods can help:
Cheque Book
The cheque book that is issued by G P Parsik 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 G P Parsik Bank branches in Padagha and Thane, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of G P Parsik Bank and look for the branch locator section, then search for Padagha Branch or Padagha to get the exact IFSC Code PJSB0000052.
Mobile Banking App
If you use G P Parsik 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 G P Parsik Bank and Padagha, then it will provide you proper information.
How to Use IFSC Code PJSB0000052 for Online Transfers?
If you have the IFSC Code PJSB0000052 for the Padagha Branch branch of G P Parsik Bank in Padagha, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PJSB0000052. 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 PJSB0000052.
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 Padagha Branch in Padagha, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of G P Parsik Bank in Padagha Branch, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official G P Parsik Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Padagha manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PJSB0000052.
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 Padagha Branch, Masaheb Meenatai Thakare Complex, Padagha Bazar Peth, Tal. Bhiwandi, Dist. Thane. 421101 located in Padagha, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.