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IFSC Code
ESMF0001106
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Bank

Esaf Small Finance Bank Limited

Branch

VALKULAMBU

City

PALAKKAD

State

KERALA

MICR Code

NA

Address

GROUND FLOOR,NEAR MMUP SCHOOL,VALKULAMBU,KORENCHIRA PO,KIZHEKKENCHERY,PALAKKAD PIN 678684

Contact

8046443723


Bank IFSC Zone - IFSC code search

Find any bank branch’s IFSC code on the go with the help of “Bank IFSC Zone”!

In developing businesses in India after Independence, we need a secure place where individuals can store their hard-earned money safely. After having enough money for home needs and earning interest for the deposited money, Core Banking Systems has evolved. The common people started opening bank accounts in the nearby bank branches. They started making transactions of Deposits (credits) and Withdrawals (debits) in savings deposits with the help of Challan. Turning and looking into the current banking facility, certain deposit transactions are executed on the Cash Deposit machines and withdrawals on the ATMs; only a larger amount attracts direct counter transactions.

As a new Boom in the Telecommunication industry, Internet technology made these transactions easy from one point place to another in the entire world until there was a bank branch present at the other end. But, we need access to a particular code transfer within the country named IFSC(Indian Financial System Code) code to represent a particular bank branch account and also need MICR(Magnetic Ink Character Recognition) code for international bank transactions. The question is, where can one find the IFSC code not available in the bank toolkit? Here comes the answer from “Bank IFSC Zone”, where one can find any bank’s (National/Government and Private) IFSC and MICR code number through an easy search.

The world is moving to an advanced way of having individuals or Commercial transactions with Internet banking facilities where the products and services charges or online purchases are made through the net-banking process with a site representing a payment gateway. Even an Indian living internationally can send money online through the IFSC and MICR code in “Bank IFSC Zone”; the transfer is made with some other money form to Rupee, including some conversion rate charges, in just a few minutes.

What is IFSC ?

IFSC is an acronym for Indian Financial System Code. IFSC code is a unique eleven-digit number which is a combination of alphabets and numerals. It is used to transfer funds online for NEFT, IMPS and RTGS transactions. Usually, code can be found on the provided by the bank. It can also be found on the front page of the accountholder’s passbook.


The IFSC code of each bank branch is assigned by the Reserve Bank of India. Internet banking transactions for transferring funds, using NEFT, IMPS and RTGS, can’t be initiated without a valid IFSC or Indian Financial System Code.

What is MICR ?

MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). This enables identification of the cheques and which in turns means faster processing.


An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).


It comprises of 3 parts:

The first three digits represent the city (City Code). They are aligned with the PIN code we use for postal addresses in ..

FAQ's About IFSC Codes

  • It helps identify a specific branch of a bank.
  • Aids in removing errors from the process of transfer of funds
  • The Difference Between the Bank IFSC Code and Credit Card IFSC Code For the Bank's IFSC code, this differs from branch to branch each. However, it is the same for credit cards.

The complete version of IFSC is the Indian Financial System Code and is an 11 unique alphanumeric number

IFSC utilized to identify each bank branch within the National Electronic Funds Transfer (NEFT) network of the Reserve Bank of India.

MICR is a system, which helps verify the authenticity of cheques or other documents on paper. It is utilized by banks to speed up the processing of cheques. The MICR code aids the RBI in identifying the branch of the Bank.

You can transfer funds from one account to another via online channels using methods such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement (RTGS), Immediate Payment Service (IMPS) along with Unified Payment Interface (UPI).

There is no need to worry; the IFSC or SWIFT codes aren't identical. IFSC transfers funds within India, and the sender or receiver can use the SWIFT code to transfer funds internationally. Furthermore, SWIFT is a bank identification code, while IFSC serves to identify a particular bank branch.

If the address of a branch's location has changed, then the IFSC code won't change.

If the Bank does not merge with another bank, then there will not be a modification to the IFSC code.

IFSC code is necessary to use in IMPS only if an individual transfer using a bank account number.

Suppose you have provided an incorrect IFSC code. In that case, the system will count against the name of the recipient and account number to determine the error and return the money. The refund will appear on the senders account in a few hours up to the maximum.

Yes, you can access the IFSC code through the Bank's passbook. According to a direction issued by the Reserve Bank of India, banks must publish the IFSC along with MICR codes clearly on their passbooks, statements of accounts and cheques made by their banks.

None of the banks has a distinct IFSC code. In reality, a bank with two branches will have an exclusive IFSC code unique to it.

You will require an IFSC code to move funds to a different bank account using Net banking, NEFT, or RTGS.

If your IFSC code is incorrect, you have the correct account numbers. The transfer amount is likely to be cancelled.

Each branch of a financial institution is assigned a unique MICR code. Therefore the MICR number will appear the same as that of someone who has an account with a bank in the same branch as your Bank.

The user can obtain all bank information needed through IFSC Code. The user has to go to this IFSC Code search tool page offered through bankifsczone, then follow these listed steps:
  • Check out this IFSC Code search tool page by bankifsczone
  • Input your IFSC Code of the particular branch of the Bank, and click "Get Information"
  • bankifsczone will display the address of the branch, the names, MICR codes, and the contact number on the webpage/li>

IFSC is an 11-character unique alphanumeric number used in the online or electronic transfer of funds such as NEFT RTGS and IMPS as MMID (Mobile Money Identifier) is seven digits unique which allows the user to make IMPS transactions. The Bank issues the MMID at the time of registration.

RTGS is Real Time Gross Settlement. RTGS is among the most popular payment and settlement methods in India. To make a transaction through RTGS, you need information such as the account holder's name, the account number, and the institution's IFSC number.

NEFT is the acronym for the National Electronic Funds Transfer. At the same time, RTGS references the Real Time Gross Settlement. These are the two main methods of transferring money in India. The significant distinctions between them are discussed in the following paragraphs.
Parameters RTGS NEFT
Full form Real-time Gross Settlement National Electronic Funds Transfer
Type of transfer One-on-one settlement Batches
Transfer speed Faster than a second 0-2 hours, settled in batches
Minimum transfer amount Rs 2 lakh Re. 1
Maximum transfer amount Rs. 10 lakhs No Limit

IMPS can be faster than NEFT because the money transfers immediately using IMPS, whereas NEFT gets processed in time-controlled batches.

An NEFT can be processed within a few minutes. It may take as long as 0 to 2 hours to get transferred. However, it isn't much longer than that.

Once it is initiated, bank itself cannot stop an NEFT payment. Suppose in case a data (account number or IFSC number) is incorrect. In that case, the funds will be reversed to the bank account user who initiated the payment.