LOCATE ANY BANK BRANCH IN INDIA
About
Bank
Janata Sahakari Bank Ltd., Pune was established on
18th October 1949 by people committed to social cause in Pune city. The Bank
has always kept the goal of helping economically weaker section of the society
and has carved a place as bank of masses and not only for classes.
The bank
has made steady progress in past 71+ years and under the present Board of
Directors has taken leap towards progress through technology. The Banks
financial status is as on 31-03-2020 is as follows:
Deposits Rs. 8904.53 crores
Advances Rs. 5253.43 crores
Share
Capital Rs. 221.66 crores
Janata Sahakari Bank Ltd., Pune is making steady progress
and the Shareholders, Customers, Employees and Well-wishers are integral part
of this progress. Their involvement and contribution is immense. Today the bank
has a wide network of 71 Branches & 2 Extension counters spread all over
Maharashtra & Gujarat State.
All this
progress has lead towards RBI including the bank in second schedule and from
1st.September 1988 Janata Sahakari Bank Ltd., Pune is functional as Scheduled
Co-Operative Bank. As a result Bank is accepting deposits from Government and
Semi-Government corporations. Similarly Government & Semi-Government
corporations accept Bank’s drafts.
Our Bank
has got Status of Multi - State Scheduled Bank on 29th day of March 2012. Now
it is a Multi State Co-Op Bank Under Multi State Co-Op Societies Act
2002.
Our Bank
has implemented CORE BANKING TECHNOLOGY in 2005, which resulted in prompt and
accurate services to customers. Now customers can do the transactions from any
branch through ANY BRANCH BANKING facility.
Bank
provides extensive training through its own training centre to its employees
from time to time for upgrading their skills for better customer service. The
Training Center is also recognised by the Co-operative Department of Govt of
Maharashtra. Training is also imparted to the employer of the Co-operative
Banks.
What
is IFSC Code
IFSC is
short for Indian Financial System Code and represents the 11 digit character
that you can usually see on your bank’s cheque leaves, or other bank sponsored
material. This 11 character code helps identify the individual bank branches
that participate in the various online money transfer options like NEFT and
RTGS.
How
to find IFSC Code?
Ways
to find IFSC codes
- IFSC code can be found
on cheque leaf and bank passbook of the respective bank.
- Banks and respective
branch list of IFSC codes can be obtained from Reserve Bank of India’s
website.
- The IFSC code of a
particular bank can also be found on the banks’ official website.
Benefits
of IFSC Code
Benefits
of IFSC Code are :
- Helps to identify a
Bank and its respective branch
- Eliminates errors in
the process of fund transfer
- Transfers done with
IFSC such as NEFT, RTGS and IMPS are accurate
What is
MICR Code
MICR
or Magnetic Ink Character Recognition Code is a 9 digit code used for faster
processing of cheques. MICR number is also unique for every bank branch, hence
it helps in uniquely identifying the bank and branch participating in an
Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3
essential components:
- The first 3 digits represent
the city code.
- The middle 3 represent the
particular bank code.
- The last 3 digits
represent the specific branch code
Benefits
of MICR Code
Benefits
of MICR Codes are:
MICR
code enables efficient, quick and error-free processing of cheques. This is
possible with magnetic ink, reading machines and technology used in MICR.
Difference
between IFSC and MICR code
Magnetic
ink character recognition code (MICR) is a technology that enables faster
processing of cheques by recognizing unique characters printed on the cheque.
MICR consists of a 9 digit code. The
first three digits of the MICR code represent the city, the next three give the
bank code and the last three digits denote the branch of the bank. Similar to
an IFSC code, every branch of a bank has a specific MICR code. While IFSC is
used for online fund transactions, MICR is used for cheques.
Let’s
understand the difference between IFSC and MICR
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