Use this page as a one-stop reference for everything related to Equitas Small Finance Bank Limited's PARAMAKUDI branch in MADURAI, TAMIL NADU. The branch's IFSC code ESFB0001346 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, ESFB0001346 is the IFSC of Equitas Small Finance Bank Limited's PARAMAKUDI branch. The format is fixed: ESFB = bank code, 0 = reserved, 001346 = branch identifier.
Branch details at a glance
| Bank Name | Equitas Small Finance Bank Limited |
|---|---|
| Branch | Paramakudi |
| IFSC Code | ESFB0001346 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT |
| City | Madurai |
| District | Ramanathapuram |
| State | Tamil Nadu |
Bank profile
Equitas Small Finance Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Paramakudi branch — IFSC ESFB0001346 — extends the bank's services to customers in and around Madurai, Tamil Nadu.
About this branch
The branch is located at BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT. It serves the Madurai region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Equitas Small Finance Bank Limited. The IFSC ESFB0001346 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Equitas Small Finance Bank Limited's PARAMAKUDI branch came to be assigned the code ESFB0001346.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC ESFB0001346, money simply cannot be routed to the PARAMAKUDI branch electronically.
How to transfer money using IFSC ESFB0001346
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC ESFB0001346 across all three.
How to use IFSC ESFB0001346 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Equitas Small Finance Bank Limited's PARAMAKUDI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC ESFB0001346.
- Confirm the bank name auto-populates as Equitas Small Finance Bank Limited and the branch as PARAMAKUDI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC ESFB0001346
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Equitas Small Finance Bank Limited – PARAMAKUDI, ensure your bank's portal accepts IFSC ESFB0001346 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Equitas Small Finance Bank Limited PARAMAKUDI (IFSC ESFB0001346)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC ESFB0001346 in your mobile or internet banking app, and the money is credited to the PARAMAKUDI branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Paramakudi
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC ESFB0001346:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at PARAMAKUDI is still linked to IFSC ESFB0001346.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Equitas Small Finance Bank Limited's PARAMAKUDI branch, the IFSC ESFB0001346 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Paramakudi branch is mapped to IFSC ESFB0001346 on the RBI payments network. The branch generally supports the full retail product catalogue of Equitas Small Finance Bank Limited, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains ESFB0001346.
Products and services
Customers walking into the Paramakudi branch can access most of Equitas Small Finance Bank Limited's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC ESFB0001346
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Equitas Small Finance Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC ESFB0001346 and the account number together uniquely identify the Paramakudi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC ESFB0001346
Equitas Small Finance Bank Limited customers can register for net banking and the bank's official mobile app once their account at the PARAMAKUDI branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC ESFB0001346 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Equitas Small Finance Bank Limited – PARAMAKUDI:
- The IFSC is exactly ESFB0001346 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Equitas Small Finance Bank Limited as the bank name and PARAMAKUDI as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Paramakudi branch sits at BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT. If you are travelling from outside Madurai, search for the branch on a maps application using the bank name and locality, or call the branch contact number to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC ESFB0001346 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC ESFB0001346 for Equitas Small Finance Bank Limited – PARAMAKUDI, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Working hours
Branch counters at Paramakudi are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to ESFB0001346 continue to work without interruption.
Branch address & contact
Equitas Small Finance Bank LimitedParamakudi Branch
BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT
Madurai, Tamil Nadu
Phone: the branch contact number
IFSC: ESFB0001346
Frequently asked questions
Is IFSC ESFB0001346 valid for NEFT and RTGS?
Yes. IFSC ESFB0001346 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC ESFB0001346 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC ESFB0001346 to send funds instantly.
Where is Equitas Small Finance Bank Limited Paramakudi branch located?
Equitas Small Finance Bank Limited's Paramakudi branch is located at BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT, Madurai, Tamil Nadu.
What is the phone number of Equitas Small Finance Bank Limited Paramakudi branch?
You can reach the branch at the branch contact number during regular banking hours.
How quickly will an NEFT transfer using ESFB0001346 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Equitas Small Finance Bank Limited – Paramakudi reflect within 30 minutes.
How do I add Equitas Small Finance Bank Limited Paramakudi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC ESFB0001346, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Paramakudi branch but serve different purposes.
Summary
The IFSC code ESFB0001346 belongs to Equitas Small Finance Bank Limited's PARAMAKUDI branch, located at BLOCK NO18 PARAMAKUDI TOWN RAMANATHAPURAMTALUK RAMANATHAPURAM DISTRICT in MADURAI, TAMIL NADU. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
