IFSC Code of G P Parsik Bank, Saba Diva Branch, Maharashtra

Use this page as a one-stop reference for everything related to G P Parsik Bank's SABA DIVA branch in DIVA, MAHARASHTRA. The branch's IFSC code PJSB0000040 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For G P Parsik Bank's SABA DIVA branch, the IFSC PJSB0000040 breaks down as follows: PJSB identifies the bank, 0 is the reserved character, and 000040 identifies this particular branch.

About G P Parsik Bank

G P Parsik Bank operates a wide network of branches across India, including the Saba Diva branch in Diva. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PJSB0000040.

About the Saba Diva branch

The Saba Diva branch of G P Parsik Bank is situated at SHOP NO. 5, GROUND FLOOR & OFFICE NO. A-13, 1ST FLOOR, CHANDRANGAN RESIDENCY, SHIL DIVA ROAD, SABA(DIVA), THANE-4006012. 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 PJSB0000040 is used.

Branch details at a glance

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 G P Parsik Bank's SABA DIVA branch came to be assigned the code PJSB0000040.

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 PJSB0000040, money simply cannot be routed to the SABA DIVA branch electronically.

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 PJSB0000040 and the account number together uniquely identify the Saba Diva branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC PJSB0000040

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 PJSB0000040 across all three.

How to use IFSC PJSB0000040 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's SABA DIVA 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 PJSB0000040.
4. Confirm the bank name auto-populates as G P Parsik Bank and the branch as SABA DIVA.
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 SABA DIVA

If you need to transfer ₹2 lakh or more in one go to an account at G P Parsik Bank's SABA DIVA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PJSB0000040 while initiating the transfer and the credit will appear within minutes.

IMPS to G P Parsik Bank SABA DIVA (IFSC PJSB0000040)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PJSB0000040 in your mobile or internet banking app, and the money is credited to the SABA DIVA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Saba Diva

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 PJSB0000040:

• 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 SABA DIVA is still linked to IFSC PJSB0000040.

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 G P Parsik Bank's SABA DIVA branch, the IFSC PJSB0000040 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 Saba Diva branch is mapped to IFSC PJSB0000040 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 PJSB0000040.

Products and services

Customers walking into the Saba Diva 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 PJSB0000040

Online banking and IFSC PJSB0000040

G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the SABA DIVA 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 PJSB0000040 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.

How to reach the Saba Diva branch

The branch is located at SHOP NO. 5, GROUND FLOOR & OFFICE NO. A-13, 1ST FLOOR, CHANDRANGAN RESIDENCY, SHIL DIVA ROAD, SABA(DIVA), THANE-4006012, which puts it inside Diva, the broader Thane district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “G P Parsik Bank Saba Diva branch” — the verified location pin for IFSC PJSB0000040 should appear at the top of the results.
2. Confirm the branch is open by calling 22-25318823 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PJSB0000040 and your account number.

Common mistakes to avoid when using IFSC PJSB0000040

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to G P Parsik Bank – SABA DIVA, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: PJSB0000040.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Saba Diva branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PJSB0000040, however, work 24x7.

Verifying IFSC PJSB0000040 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm PJSB0000040 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-25318823.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PJSB0000040 belongs to G P Parsik Bank's SABA DIVA branch, located at SHOP NO. 5, GROUND FLOOR & OFFICE NO. A-13, 1ST FLOOR, CHANDRANGAN RESIDENCY,… in DIVA, 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.