IFSC CODE OF THE RAJASTHAN STATE COOPERATIVE BANK LIMITED JHUNJHUNU KENDRIYA SAHAKARI BANK LTD NIHAL CHOWK 333031  IS RSCB0025006 

The IFSC Code of THE RAJASTHAN STATE COOPERATIVE BANK LIMITED Branch JHUNJHUNU KENDRIYA SAHAKARI BANK LTD City PILANI is RSCB0025006.

The Address of THE RAJASTHAN STATE COOPERATIVE BANK LIMITED Branch JHUNJHUNU KENDRIYA SAHAKARI BANK LTD City PILANI is MAIN MARKET 333031.

Phone Number of THE RAJASTHAN STATE COOPERATIVE BANK LIMITED Branch JHUNJHUNU KENDRIYA SAHAKARI BANK LTD City PILANI is JHUNJHUNU - JHUNJHUNU

The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in the NEFT (National Electronic Funds Transfer) system in India. This code plays a crucial role in the electronic funds transfer ecosystem, ensuring accuracy and efficiency in transactions.u003cbru003eu003cstrongu003eStructure of IFSC Codeu003c/strongu003eu003cbru003eThe IFSC code is composed of three parts:u003cbru003eu003cstrongu003eBank Codeu003c/strongu003e: The first four characters represent the bank code. This identifies the specific bank to which the branch belongs. For instance, u0022SBINu0022 is the bank code for the State Bank of India.u003cbru003eu003cstrongu003eZerou003c/strongu003e: The fifth character is always a zero. This character is reserved for future use, allowing the code to potentially expand or include additional features without disrupting the current system.u003cbru003eu003cstrongu003eBranch Codeu003c/strongu003e: The last six characters represent the branch code. This part of the code identifies the specific branch of the bank. For example, in the IFSC code u0022SBIN0000300,u0022 the u0022000300u0022 is the branch code for the Mumbai Fort branch of the State Bank of India.u003cbru003eu003cstrongu003eExample of an IFSC Codeu003c/strongu003eu003cbru003eConsider the IFSC code for the State Bank of India's Mumbai Fort branch: SBIN0000300. Here:u003cbru003eu0022SBINu0022 denotes the State Bank of India.u003cbru003eu00220u0022 is the reserved character.u003cbru003eu0022000300u0022 is the unique code for the Mumbai Fort branch.u003cbru003eu003cstrongu003eUsage of IFSC Codeu003c/strongu003eu003cbru003eThe IFSC code is primarily used to facilitate various types of electronic transactions in India, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).u003cbru003eu003cstrongu003eNEFT (National Electronic Funds Transfer)u003c/strongu003e: NEFT is a nation-wide payment system enabling one-to-one funds transfer. Using NEFT, individuals, firms, and corporates can transfer funds from any bank branch to any individual, firm, or corporate having an account with any other bank branch in the country. The IFSC code ensures that the funds reach the correct branch of the recipient bank.u003cbru003eu003cstrongu003eRTGS (Real Time Gross Settlement)u003c/strongu003e: RTGS is another form of electronic payment system where the transfer of money or securities takes place from one bank to another on a u0022real-timeu0022 and on a u0022grossu0022 basis. This is the fastest possible interbank money transfer facility available through the banking channel in India. The IFSC code plays a vital role in identifying the recipient branch to ensure timely and accurate transfer.u003cbru003eu003cstrongu003eIMPS (Immediate Payment Service)u003c/strongu003e: IMPS offers an instant, 24x7, interbank electronic fund transfer service through mobile phones. It is a robust and real-time fund transfer system that allows individuals to send money instantly. The IFSC code is required to identify the correct bank branch of the recipient, ensuring the funds are credited to the right account instantly.u003cbru003eu003cstrongu003eImportance of IFSC Codeu003c/strongu003eu003cbru003eThe IFSC code is critical for the secure and efficient functioning of electronic payment systems. It reduces errors in fund transfers, ensures that transactions are directed to the correct bank and branch, and speeds up the processing of payments. This unique code also helps in the reconciliation and settlement processes between banks, minimizing disputes and delays in transactions.u003cbru003eu003cstrongu003eHow to Find IFSC Codeu003c/strongu003eu003cbru003eThe IFSC code of a particular bank branch can be found in several ways:u003cbru003eu003cstrongu003eBank Documentsu003c/strongu003e: The IFSC code is usually printed on the cheque books and passbooks provided by the bank.u003cbru003eu003cstrongu003eBank’s Websiteu003c/strongu003e: Banks often provide a tool on their websites to find the IFSC code of their branches.u003cbru003eu003cstrongu003eRBI Websiteu003c/strongu003e: The Reserve Bank of India maintains a list of IFSC codes of all banks on its official website.u003cbru003eu003cstrongu003eThird-Party Financial Websitesu003c/strongu003e: Many websites provide IFSC code search tools where users can look up codes by entering the bank and branch details.u003cbru003eu003cstrongu003eConclusionu003c/strongu003eu003cbru003eThe Indian Financial System Code (IFSC) is a fundamental component of India's electronic payment systems, facilitating efficient and secure transfer of funds. Its structured format, comprising the bank code, a reserved character, and the branch code, ensures that each transaction is accurately directed to the intended bank branch. Whether through NEFT, RTGS, or IMPS, the IFSC code plays a pivotal role in the seamless execution of electronic transactions across the country.