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 Janaseva Sahakari Bank Limited for its Koregaon (Satara) branch in Koregaon, Koregaon, 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 Janaseva Sahakari Bank Limited located in Koregaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code JANA0000020. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Janaseva Sahakari Bank Limited, Koregaon (Satara), Koregaon
Here are the key points that are associated with the IFSC Code JANA0000020 of Janaseva Sahakari Bank Limited for its branch located in Koregaon, within the district of Koregaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Janaseva Sahakari Bank Limited |
| IFSC Code | JANA0000020 |
| Branch | Koregaon (Satara) |
| City | Koregaon |
| District | Koregaon |
| State | Maharashtra |
| Address | Rahimatpur Road, Opp. Tahasil Office. At Post -Taluka- Koregaon Koregaon 415501 |
These details are essential not only for online banking users but also for businesses and individuals who use Janaseva Sahakari Bank Limited in Koregaon for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code JANA0000020 for the Koregaon (Satara) branch of Janaseva Sahakari Bank Limited plays an 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 Janaseva Sahakari Bank Limited located in Koregaon (Satara), Koregaon, Maharashtra, are given a unique IFSC like JANA0000020 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Koregaon.
- 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 Koregaon and Koregaon.
- 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 Janaseva Sahakari Bank Limited in Koregaon (Satara) goes to the correct branch. This is important because Janaseva Sahakari Bank Limited 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 JANA0000020
The format of the IFSC Code for banks, including Janaseva Sahakari Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Janaseva Sahakari Bank Limited, 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 Koregaon (Satara) in Koregaon.
For example, the IFSC Code JANA0000020 of Janaseva Sahakari Bank Limited for the Koregaon (Satara) branch includes these elements, identifying the bank and the branch location in Koregaon and Maharashtra correctly.
How to Find IFSC Code for Janaseva Sahakari Bank Limited?
To find the IFSC Code JANA0000020 of Janaseva Sahakari Bank Limited for its Koregaon (Satara) branch located in Koregaon, the following methods can help you out:
Cheque Book
The cheque book issued by Janaseva Sahakari Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Janaseva Sahakari Bank Limited branches in Koregaon and Koregaon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Janaseva Sahakari Bank Limited and go to the branch locator section. Then search for Koregaon (Satara) or Koregaon to find the exact IFSC Code JANA0000020.
Mobile Banking App
If you use Janaseva Sahakari Bank Limited'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 Janaseva Sahakari Bank Limited and Koregaon will provide accurate information.
How to Use IFSC Code JANA0000020 for Online Transfers?
Once you have the IFSC Code JANA0000020 for the Koregaon (Satara) branch of Janaseva Sahakari Bank Limited in Koregaon, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code JANA0000020. 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 Janaseva Sahakari Bank Limited IFSC Code JANA0000020.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Janaseva Sahakari Bank Limited Koregaon (Satara) in Koregaon, your payment can get delayed or might not go through at all.
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 Janaseva Sahakari Bank Limited in Koregaon (Satara), 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 Janaseva Sahakari Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Koregaon manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is JANA0000020.
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 Rahimatpur Road, Opp. Tahasil Office. At Post -Taluka- Koregaon Koregaon 415501 located in Koregaon, Koregaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.