Jana Small Finance Bank Ltd IFSC code & MICR code

How to Search for the IFSC and MICR Codes of Jana Small Finance Bank?

If an individual is looking for the IFSC and MICR codes of Jana Small Finance Bank, he/she can find it on the cheque book that is provided to them by the bank. Apart from the chequebook, the 11-digit and the 9-digit code can be also be found on the official websites of Jana Small Finance Bank and Reserve Bank of India. Some third-party financial websites and other fiscal comparison portals also provide the details regarding the same. BankBazaar, is one such website that provides information on IFSC and MICR codes of Jana Small Finance Bank. To get the details, all the individual needs to do is to visit the BankBazaar website, go to the bottom half of the page, and click on the link titled 'Bank IFSC Code'. On doing so, they are redirected to a different page which shows 4 drop-down menus. They are required to select the particular bank, branch, state, and district, whose IFSC and MICR codes they are looking for. Once the options are selected, the website displays the details like IFSC code for the particular branch, MICR code, address and contact number for the branch.

Note: It needs to be mentioned that MICR stands for Magnetic Ink Character Recognition and is used to verify the originality of paper documents especially cheques to ease the process involved in the processing and clearance of it.

How to Transfer Money using Jana Small Finance Bank NEFT, RTGS and IMPS Processes?

Jana Small Finance Bank offers individuals numerous methods to make worry-free and safe fund transfer transactions, not only to other JSFB bank branches but also to bank branches of other banks that operate in the country. Clients can conveniently make use of systems like NEFT, RTGS and IMPS for this purpose.

National Electronic Funds Transfer (NEFT):

National Electronic Funds Transfer (NEFT) is a nationwide payment system that helps the individual facilitate one-to-one funds transfer in an easy, hassle-free and convenient manner. NEFT transactions carried out through mobile and internet banking has a daily limit of up to Rs 10 lakh. The minimum and maximum amount for NEFT transfers in a single go is Rs.1 and Rs.2 lakh, respectively. It needs to be mentioned that JSFB follows a set schedule of timings for carrying out NEFT transfers.

Real Time Gross Settlement (RTGS):

Real Time Gross Settlement (RTGS) is another quick method of money transfer where the transfers are done in real time. RTGS transactions have faster settlement cycles with the absence of inter-bank or clearing house settlement issues. Also, these transactions are not limited to the geographical boundaries of India. Just like with NEFT, RTGS too has a daily limit of Rs.10 lakh for transfers carried out using channels like mobile banking and internet banking. The minimum and maximum amount that can be transferred in a single go using RTGS method is Rs.2 lakh and Rs.10 lakh respectively. 

Immediate Payment Service (IMPS):

IMPS (Immediate Payment Service) is another swift bank-to-bank electronic fund transfer service, offered by Jana Small Finance Bank. With IMPS, customers can easily send or receive funds. Just like the name suggests, money transfers carried out via IMPS gets credited to the receiver's account within minutes.

The lowest and uppermost sum for NEFT/RTGS transactions under Mobile Banking and Internet Banking:

NEFT Transaction Charges

RTGS Transaction Charges

Information Required for Transferring Funds  using any Payment Mode

An individual who is looking to make a NEFT or RTGS transaction with Jana Small Finance Bank might be required to provide the below information:

1. Remittance Amount
2. Jana Small Finance Bank customer's account number
3. Beneficiary's bank name
4. Beneficiary's name
5. Beneficiary's Account number
6. IFSC code of the beneficiary's bank branch

About Jana Small Finance Bank (JSFB)

Jana Small Finance Bank is one of the 10 financial institutions which received in-principle approval from Reserve Bank of India in 2015 to set up a small finance bank. Headquartered in Bengaluru, the small finance bank has gone on to become one among the largest MicroFinance Institutions (MFI) in the country. It is also recognised globally as one of the financial institutions that is working on the problem of financial inclusion. The bank is currently enabling its existing 45 lakh customers across 19 states to access banking services. As of 31 March 2018, the bank has a Capital Adequacy Ratio (CAR) of about 35% and a loan book of 76 billion rupees. It needs to be mentioned that the bank aims to add four billion customers by 2020. The current employee strength of the bank is around 15,000.