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 Mankoli branch in Thane, 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 Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code PJSB0000027. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for G P Parsik Bank, Mankoli, Thane
Here are the key points that are associated with the IFSC Code PJSB0000027 of G P Parsik Bank for its branch located in Thane, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | G P Parsik Bank |
| IFSC Code | PJSB0000027 |
| Branch | Mankoli |
| City | Thane |
| District | Thane |
| State | Maharashtra |
| Address | Saiprasad Building, 1St Floor Post Anjur, Mankoli, Tal. Bhiwandi. Thane 421302 |
These details are crucial, not just for online banking users but also for businesses and individuals who use G P Parsik Bank in Thane for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PJSB0000027 for the Mankoli 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 PJSB0000027 is given to every bank branch, including G P Parsik Bank located in Mankoli, Thane, 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 Thane.
- 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 Thane and Thane.
- 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 Mankoli doesn't end up at another location.
Format of the IFSC Code PJSB0000027
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 Mankoli in Thane.
For example, the IFSC Code PJSB0000027 of G P Parsik Bank for the Mankoli branch has these elements, identifying the bank and the branch location in Thane and Maharashtra correctly.
How to Find IFSC Code for G P Parsik Bank?
If you are trying to find the IFSC Code PJSB0000027 of G P Parsik Bank for its Mankoli branch located in Thane, 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
Most banks, including G P Parsik Bank branches in Thane and Thane, print the IFSC and MICR codes 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 Mankoli or Thane to get the exact IFSC Code PJSB0000027.
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 Thane, you'll get the correct details.
How to Use IFSC Code PJSB0000027 for Online Transfers?
Once you have the IFSC Code PJSB0000027 for the Mankoli branch of G P Parsik Bank in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PJSB0000027. 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 PJSB0000027.
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 Mankoli in Thane 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 Mankoli, 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 Thane manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PJSB0000027.
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 Saiprasad Building, 1St Floor Post Anjur, Mankoli, Tal. Bhiwandi. Thane 421302 located in Thane, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.