LOCATE ANY BANK BRANCH IN INDIA
`Bank’s Overview and History
The year 1972 marked the beginning of a visionary journey with the opening of ‘Thane Janata Sahakari Bank’s’ first Bank Branch in the city of Thane. With this modest beginning in 1972 in the co-operative field, the dynamism infused by the Board of Directors, unflinching loyalties of the clientele and devotion of the staff have propelled the sound foundation of TJSB Sahakari Bank Ltd (TJSB) and has emerged as one of the leading multi-state scheduled co-operative Banks in the country.
During this momentous journey of 49 years, TJSB presently caters to the needs of society through a close network of 136 Branches spread all over the states of Maharashtra, Goa, Karnataka, Gujarat, and Madhya Pradesh.
Milestones achieved by the Bank over the years.
49 years of Banking experience
Opened its 1st Bank Branch in Thane
50th Bank Branch Opened in Kalyan
100th Bank Branch Opened in Dhokali, Thane.
Multi State Scheduled bank.
Permanent AD – 1 License to deal in Forex Exchange in India.
First bank to go live with BBPS
First co-operative bank to go live with UPI
Award winning mobile application
Award winning payment systems
Emerging & Inclusive Digital Payments Platform
RTGS & NEFT
IMPS – Mobile Banking
Financials as on 31.03.2020
Rs.17016 crore business mix.
Rs.120 crore net profit.
Keeping in mind the current requirements of customers, the Bank has also brought in Life / Non-Life Insurance distribution, Mutual Fund distribution, Depository services.
Armed with an illustrious past, a glorious present and a promising future, TJSB is fast marching towards being the financial destination that provides trusted and quality solutions to all Individuals, Business Class and Corporate sector needs.
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
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