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 Sanpada Branch branch in Sanpada, 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 Sanpada or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code PJSB0000014. 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, Sanpada Branch, Sanpada
Below in the table are the key details related to IFSC Code PJSB0000014 of G P Parsik Bank for its branch located in Sanpada, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000014 |
| Branch | Sanpada Branch |
| City | Sanpada |
| District | Thane |
| State | Maharashtra |
| Address | Sanpada Branch, Plot No. 7, Sector - 5, Sanpada, Navi Mumbai - 400 705. |
These details help users in online banking and for businesses and individuals who use G P Parsik Bank in Sanpada for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000014 for the Sanpada Branch branch of G P Parsik Bank has a very 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 Sanpada Branch, Sanpada, Maharashtra, are given a unique IFSC like PJSB0000014 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sanpada.
- 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 Sanpada 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 Sanpada 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 PJSB0000014
The format of the IFSC Code for banks, including G P Parsik Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For G P Parsik Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sanpada Branch in Sanpada.
For example, the IFSC Code PJSB0000014 of G P Parsik Bank for the Sanpada Branch branch includes these elements, identifying the bank and the branch location in Sanpada and Maharashtra correctly.
How to Find IFSC Code for G P Parsik Bank?
To find the IFSC Code PJSB0000014 of G P Parsik Bank for its Sanpada Branch branch located in Sanpada, 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 Sanpada 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 Sanpada Branch or Sanpada to find the exact IFSC Code PJSB0000014.
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 Sanpada will provide accurate information.
How to Use IFSC Code PJSB0000014 for Online Transfers?
Once you have the IFSC Code PJSB0000014 for the Sanpada Branch branch of G P Parsik Bank in Sanpada, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PJSB0000014. 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 G P Parsik Bank IFSC Code PJSB0000014.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the G P Parsik Bank Sanpada Branch in Sanpada, your payment can get delayed or might not go through at all.
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 Sanpada 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 Sanpada manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PJSB0000014.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sanpada Branch, Plot No. 7, Sector - 5, Sanpada, Navi Mumbai - 400 705. located in Sanpada, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.