Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Tjsb Sahakari Bank Ltd for its Madgaon Branch branch in South Goa, Margao, Goa, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Tjsb Sahakari Bank Ltd located in South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code TJSB0000093. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Tjsb Sahakari Bank Ltd, Madgaon Branch, South Goa

Below in the table are the key details related to IFSC Code TJSB0000093 of Tjsb Sahakari Bank Ltd for its branch located in South Goa, within the district of Margao in the state of Goa.

Particulars Details
Bank Tjsb Sahakari Bank Ltd
IFSC Code TJSB0000093
Branch Madgaon Branch
City South Goa
District Margao
State Goa
Address Ground Floor, Shop No S1,S2,S3,S4,R D Lotus Tower, Near Meenakshi Hotel, Margao,Goa - 403601

These details helps users in online banking and for businesses and individuals who use Tjsb Sahakari Bank Ltd in South Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TJSB0000093 for the Madgaon Branch branch of Tjsb Sahakari Bank Ltd 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, including Tjsb Sahakari Bank Ltd located in Madgaon Branch, South Goa, Goa, is provided with a unique IFSC like TJSB0000093 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Tjsb Sahakari Bank Ltd branch in South Goa.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like South Goa and Margao.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Goa and the rest of India and the IFSC Code ensures that transactions meant for Tjsb Sahakari Bank Ltd in Madgaon Branch do not get mixed with another location.

Format of the IFSC Code TJSB0000093

The format of the IFSC Code for banks, including Tjsb Sahakari Bank Ltd, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Tjsb Sahakari Bank Ltd, 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 Madgaon Branch in South Goa.

For example, the IFSC Code TJSB0000093 of Tjsb Sahakari Bank Ltd for the Madgaon Branch branch includes these elements, identifying the bank and the branch location in South Goa and Goa accurately.

How to Find IFSC Code for Tjsb Sahakari Bank Ltd?

To find the IFSC Code TJSB0000093 of Tjsb Sahakari Bank Ltd for its Madgaon Branch branch located in South Goa, the following methods can help you out:

Cheque Book

The cheque book issued by Tjsb Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Tjsb Sahakari Bank Ltd branches in South Goa and Margao, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Tjsb Sahakari Bank Ltd and go to the branch locator section. Then search for Madgaon Branch or South Goa to find the exact IFSC Code TJSB0000093.

Mobile Banking App

If you use Tjsb Sahakari Bank Ltd'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 Tjsb Sahakari Bank Ltd and South Goa will provide accurate information.

How to Use IFSC Code TJSB0000093 for Online Transfers?

If you have the IFSC Code TJSB0000093 for the Madgaon Branch branch of Tjsb Sahakari Bank Ltd in South Goa, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code TJSB0000093. 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 Tjsb Sahakari Bank Ltd IFSC Code TJSB0000093.

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 Tjsb Sahakari Bank Ltd Madgaon Branch in South Goa, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Tjsb Sahakari Bank Ltd in Madgaon Branch, here are some ways that you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Tjsb Sahakari Bank Ltd website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in South Goa manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Tjsb Sahakari Bank Ltd in Madgaon Branch, South Goa?

The IFSC Code is TJSB0000093.

Is the IFSC Code TJSB0000093 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Tjsb Sahakari Bank Ltd Madgaon Branch?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Madgaon Branch branch?

The address of the branch is Ground Floor, Shop No S1,S2,S3,S4,R D Lotus Tower, Near Meenakshi Hotel, Margao,Goa - 403601 located in South Goa, Margao, Goa.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.