JSFB0004832 is the IFSC code of Jana Small Finance Bank Ltd, that is assigned by the Reserve Bank of India (RBI). This code helps the Indian financial system to transfer funds from bank account numbers in India and internationally like NEFT/RTGS/IMPS
The details above validate that the Jana Small Finance Bank Ltd has its operations in the Shillong, Meghalaya branch located at the Ground Floor, Rpg Complex, Keating Road, Shillong 793001 , Meghalaya. This confirms that if you plan on doing a financial transfer, you must be sure of the Jana Small Finance Bank Ltd IFSC code to ensure that the transfer happens without any hassles.
While all of us understand IFSC codes by now, let’s understand MICR code as well. This is termed as Magnetic Ink Character Recognition which is a character recognition technology that helps in processing cheques faster. Jana Small Finance Bank Ltd bank branch has a unique MICR code which helps RBI identify the Jana Small Finance Bank Ltd branch, and speed up the cheque clearing process.
While Jana Small Finance Bank Ltd IFSC is an 11 digit code, MICR is a 9 digit code, and the basic difference between these two codes is that IFSC code is used for Jana Small Finance Bank Ltd online transactions, while MICR is used for Jana Small Finance Bank Ltd offline transactions, like Cheque.
These two aspects are of great importance for Jana Small Finance Bank Ltd financial transaction in both Jana Small Finance Bank Ltd online transactions and Jana Small Finance Bank Ltd offline transactions, and you can choose the one that works well for you.
Uses of Shillong IFSC Code:
NEFT - National Electronic Fund Transfer. Enables you to electronically transfer funds from your bank account to any other account of the same bank or different bank.
RTGS - Real Time Gross Settlement. Transfer a minimum limit of Rs. 2 lakh.
IMPS - Immediate payment service. Bank account holder can transfer funds 24 x 7 365 days
Online Fund Transfer via NEFT, RTGS and IMPS.