IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
TJSB SAHAKARI BANK LTD NEW BOMBAY ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main
payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer
For Example :
TJSB SAHAKARI BANK LTD NEW BOMBAY ifsc code : TJSB0000083 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : TJSB for Bank : TJSB SAHAKARI BANK LTD
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 000083 for Bank Branch
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for tjsb sahakari bank ltd new bombay represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for TJSB SAHAKARI BANK LTD : 400109037 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 400 for City :
Middle 3 digits reprents Bank Code: 109 for Bank : TJSB SAHAKARI BANK LTD
Last 3 digits represents Branch Code : 903 for Bank Branch
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