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 Pen branch in Pen, Raigad, 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 Pen or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PJSB0000083. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for G P Parsik Bank, Pen, Pen
The table below shows the main details of the IFSC Code PJSB0000083 for the G P Parsik Bank branch in Pen, which falls under the Raigad district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000083 |
| Branch | Pen |
| City | Pen |
| District | Raigad |
| State | Maharashtra |
| Address | Plot No. 19, Shop No. 14,15,16, Sharad Pawar Bhavan, Pen Khopoli Road, Taluka Pen Dist. Raigad - 402107 |
These details are crucial, not just for online banking users but also for businesses and individuals who use G P Parsik Bank in Pen for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000083 for the Pen 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 that is provided by the Reserve Bank of India. A unique IFSC like PJSB0000083 is given to every bank branch, including G P Parsik Bank located in Pen, Pen, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the G P Parsik Bank branch in Pen.
- 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 Pen and Raigad.
- 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 G P Parsik Bank in Pen doesn't end up at another location.
Format of the IFSC Code PJSB0000083
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 Pen in Pen.
For example, the IFSC Code PJSB0000083 of G P Parsik Bank for the Pen branch includes these elements, identifying the bank and the branch location in Pen and Maharashtra accurately.
How to Find IFSC Code for G P Parsik Bank?
If you are trying to find the IFSC Code PJSB0000083 of G P Parsik Bank for its Pen branch located in Pen, the following methods can help:
Cheque Book
The cheque book issued by G P Parsik 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 G P Parsik Bank branches in Pen and Raigad, print them on the first page of your passbook.
Bank Website
Visit the official website of G P Parsik Bank and navigate to the branch locator section. Search for Pen or Pen to get the exact IFSC Code PJSB0000083.
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 keeps an updated list of all IFSC codes. If you search for G P Parsik Bank and Pen, you'll get the correct details.
How to Use IFSC Code PJSB0000083 for Online Transfers?
Once you have the IFSC Code PJSB0000083 for the Pen branch of G P Parsik Bank in Pen, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PJSB0000083. 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 PJSB0000083.
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 Pen in Pen 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 Pen, 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 Pen manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PJSB0000083.
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 Plot No. 19, Shop No. 14,15,16, Sharad Pawar Bhavan, Pen Khopoli Road, Taluka Pen Dist. Raigad - 402107 located in Pen, Raigad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.