IFSC Code of G P Parsik Bank, Shivaji Chowk, Bhiwandi Branch, Maharashtra

Below are the complete branch details for G P Parsik Bank, SHIVAJI CHOWK, BHIWANDI branch, located in BHIWANDI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is PJSB0000038. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PJSB0000038 for G P Parsik Bank – SHIVAJI CHOWK, BHIWANDI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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, PJSB0000038 is the IFSC of G P Parsik Bank's SHIVAJI CHOWK, BHIWANDI branch. The format is fixed: PJSB = bank code, 0 = reserved, 000038 = branch identifier.

Branch details at a glance

About the bank

G P Parsik Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Shivaji Chowk, Bhiwandi branch in Bhiwandi, Maharashtra is part of this network and uses the IFSC code PJSB0000038 for all electronic settlement.

About the Shivaji Chowk, Bhiwandi branch

The Shivaji Chowk, Bhiwandi branch of G P Parsik Bank is situated at AT A-101 PRESIDENT PLAZA SHIVAJI CHOWK BHIWANDI DIST. THANE. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code PJSB0000038 is used.

Why every G P Parsik Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including SHIVAJI CHOWK, BHIWANDI of G P Parsik Bank — its own 11-character IFSC. The code PJSB0000038 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC PJSB0000038 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC PJSB0000038

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 PJSB0000038 across all three.

How to use IFSC PJSB0000038 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's SHIVAJI CHOWK, BHIWANDI 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC PJSB0000038.
4. Confirm the bank name auto-populates as G P Parsik Bank and the branch as SHIVAJI CHOWK, BHIWANDI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to SHIVAJI CHOWK, BHIWANDI

If you need to transfer ₹2 lakh or more in one go to an account at G P Parsik Bank's SHIVAJI CHOWK, BHIWANDI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PJSB0000038 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to G P Parsik Bank – SHIVAJI CHOWK, BHIWANDI, use IMPS. With IFSC PJSB0000038 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Shivaji Chowk, Bhiwandi

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 PJSB0000038:

• 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 SHIVAJI CHOWK, BHIWANDI is still linked to IFSC PJSB0000038.

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.

UPI payments and IFSC PJSB0000038

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at G P Parsik Bank – SHIVAJI CHOWK, BHIWANDI is still mapped to IFSC PJSB0000038. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC PJSB0000038 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Shivaji Chowk, Bhiwandi branch is mapped to IFSC PJSB0000038 on the RBI payments network. The branch generally supports the full retail product catalogue of G P Parsik Bank, 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 PJSB0000038.

Products and services

Customers walking into the Shivaji Chowk, Bhiwandi branch can access most of G P Parsik Bank'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 PJSB0000038

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by G P Parsik Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PJSB0000038 and the account number together uniquely identify the Shivaji Chowk, Bhiwandi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC PJSB0000038

G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the SHIVAJI CHOWK, BHIWANDI 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 PJSB0000038 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 G P Parsik Bank – SHIVAJI CHOWK, BHIWANDI:

• The IFSC is exactly PJSB0000038 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills G P Parsik Bank as the bank name and SHIVAJI CHOWK, BHIWANDI 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 Shivaji Chowk, Bhiwandi branch sits at AT A-101 PRESIDENT PLAZA SHIVAJI CHOWK BHIWANDI DIST. THANE. If you are travelling from outside Bhiwandi, search for the branch on a maps application using the bank name and locality, or call 2522-225255 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 PJSB0000038 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PJSB0000038 for G P Parsik Bank – SHIVAJI CHOWK, BHIWANDI, 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 Shivaji Chowk, Bhiwandi 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 PJSB0000038 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PJSB0000038 belongs to G P Parsik Bank's SHIVAJI CHOWK, BHIWANDI branch, located at AT A-101 PRESIDENT PLAZA SHIVAJI CHOWK BHIWANDI DIST. THANE in BHIWANDI, MAHARASHTRA. 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.