What is an IFSC Code?

IFSC stands for Indian Financial System Code. It's an eleven digits & characters combination unique identifying number. This unique code helps to identify the particular individual bank branches for online transation such as NEFT, RTGS & IMPS transations.

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JALGAON JANATA SAHAKARI BANK LIMITED logo

Format of Jalgaon Janata Sahakari Bank Limited IFSC Code

Jalgaon Janata Sahakari Bank Limited or any IFSC Code (Indian Financial System Code) of any bank branch in India is an eleven-character alphanumeric unique identification number.

The Structure is -

J

J

S

B

0

1

2

3

4

5

6

Bank Code

0

Unique Branch Code

  • JJSB - First four digits is bank code. Any Jalgaon Janata Sahakari Bank Limited IFSC code start with JJSB.

  • 0 (Zero) - Next one digit is always zero & it's reserved for future use.

  • 123456 - Last six digits is branch code.
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    Bank IFSC and MICR Code


    What is an IFSC Code?

    The Indian Financial System Code (IFSC) is a unique 11-digit alphanumeric code used for online fund transfer transactions via NEFT, RTGS, and IMPS. The IFSC code can be found on the cheque leaf provided by the bank. The IFSC codes are assigned to banks by the Reserve Bank of India (RBI).


    Formation of the IFSC Code

    The formation of IFSC code is as follows:

    • The first four letters of the IFSC Code are the bank code.
    • The next one digit is a generic (0) zero and is reserved for future use, and.
    • The last six digits are a unique identifier number for the specific financial institution or bank branch.

    Example : Breakdown of the IFSC Code

    A

    B

    C

    D

    0

    1

    2

    3

    4

    5

    6

    Bank Code

    Reserved for Future Use

    Unique Branch Code


    Applications of IFSC Code

    The following are some applications of IFSC Code:

    • Aids in the unique identification of a specific bank branch.
    • Used for all electronic methods of payment such as NEFT, RTGS, and IMPS.
    • Assists in the elimination of errors in the fund transfer process.

    What is MICR Code?

    Magnetic Ink Character Recognition (MICR) is a 9-digit code that aids in the identification of a specific bank branch that is a part of the Electronic Clearing System (ECS), which is used to routinely clear cheques.

    This code can be found on the bank's cheque leaf and is usually printed on the passbook that is given to the account holder.


    Formation of the MICR Code

    The formation of MICR code is as follows:

    • The first three digits of the MICR Code are the city code, and they are aligned with the pin code that we use for postal addresses in India.
    • The next three digits are the bank code, and
    • The last three digits are the branch code. This is a unique identifier number for a specific financial institution or bank branch.

    Example : Breakdown of the MICR Code

    1

    2

    3

    4

    5

    6

    7

    8

    9

    City Code

    Bank Code

    Branch Code


    Applications of MICR Code

    The following are some applications for MICR Code:

    • Aids in the authentication of cheques and other paper documents.
    • It is used to expedite the processing of cheques.
    • The MICR code assists the RBI in determining the location of the bank branch.

    Where to Find IFSC & MICR Code ?

    There are numerous ways to find the IFSC and MICR codes quickly, including the official bank website, the RBI (Reserve Bank of India) website, bank passbooks, checkbooks, and our IFSC and MICR code finder tool.

    1. 1. Find the IFSC and MICR codes in your bank passbook
      The popular and convenient item that is available to customers is Passbook. Simply open the first page of the passbook, where you can quickly locate the IFSC code and MICR code on the top or right side, depending on the bank.
    2. 2. Find the IFSC and MICR codes in the checkbook
      If you have a checkbook, the IFSC code for your specific bank branch can be found on the top-left or top side of each check leaf. Look at the bottom side of the check leaf, where the MICR code is written, for the code.
    3. 3. Find the IFSC and MICR code from the Bank Official Website & RBI (Reserve Bank Of India) Website
      You can find the IFSC and MICR codes for your bank branch by visiting the relevant official bank website and logging in with your user ID, customer ID, and password if you use online banking or internet banking. Additionally, both of these codes are available on the Reserve Bank of India (RBI) website.
    4. 4. Use our IFSC & MICR Code Finder Tool to obtain the IFSC and MICR codes
      Utilizing our IFSC & MICR code finder tool is the easiest and best way to locate the branch IFSC code and MICR code for your specific bank. We have over 142000+ records of IFSC & MICR codes listed on our website so you can find any bank's branch, no matter how big or small. Simply choose any bank from the list, then branch, district, and state.


    FAQ on IFSC and MICR Codes

    Q. Do the IFSC codes change?

    A. In general, no, but if a bank merges or something, the RBI (Reserve Bank of India) will only issue the new IFSC code and the old one will be deactivated.


    Q. How do I use the IFSC code to transfer money?

    A. Using an IFSC code to transfer funds from one bank to another or from different accounts within the same bank is a simple solution. When attempting to transfer funds via online banking methods such as NEFT, RTGS, IMPS, and others, you will need the customer name, bank account number, and IFSC code.


    Q. Are the branch code and IFSC code the same?

    A. No. The Reserve Bank of India (RBI) created the eleven-digit alphanumeric IFSC code to uniquely identify each individual bank branch. The branch code, which identifies a specific bank branch, is a component of the IFSC code. The branch code is the final six digits of the IFSC code, and it is also printed on the first page of your bank passbook.


    Q. Is it safe to share IFSC and MICR codes?

    A.The IFSC and MICR codes for each branch of an Indian bank are unmatched and crucial for online money transfers in India. Every bank ensures the security of the fund transfer, and neither the IFSC nor the MICR codes may be used for theft, fraud, or spamming.

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