IFSC Code of G P Parsik Bank, Karave Branch, Maharashtra

Use this page as a one-stop reference for everything related to G P Parsik Bank's KARAVE branch in KARAVE, MAHARASHTRA. The branch's IFSC code PJSB0000042 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for G P Parsik Bank – KARAVE is PJSB0000042. The first four letters PJSB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000042 map to this branch in KARAVE, MAHARASHTRA.

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 Karave branch in Karave, Maharashtra is part of this network and uses the IFSC code PJSB0000042 for all electronic settlement.

Karave branch overview

Located at C QUEEN EXCELLANCY SHOP NO 1,2,3, SECTOR 44 A, PLOT NO 63,64,65 AND 73,74,75 OFF PALM BEACH ROAD NEAR SEAWOOD STATION KARAVE NERUL WEST NAVI MUMBAI 400706, the Karave branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PJSB0000042 is required for all interbank electronic transfers routed through this branch.

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 KARAVE branch came to be assigned the code PJSB0000042.

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 PJSB0000042, money simply cannot be routed to the KARAVE branch electronically.

How to transfer money using IFSC PJSB0000042

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 PJSB0000042 across all three.

How to use IFSC PJSB0000042 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's KARAVE 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 PJSB0000042.
4. Confirm the bank name auto-populates as G P Parsik Bank and the branch as KARAVE.
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 KARAVE

If you need to transfer ₹2 lakh or more in one go to an account at G P Parsik Bank's KARAVE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PJSB0000042 while initiating the transfer and the credit will appear within minutes.

IMPS to G P Parsik Bank KARAVE (IFSC PJSB0000042)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PJSB0000042 in your mobile or internet banking app, and the money is credited to the KARAVE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Karave

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 PJSB0000042:

• 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 KARAVE is still linked to IFSC PJSB0000042.

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 KARAVE branch, the IFSC PJSB0000042 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 Karave branch is mapped to IFSC PJSB0000042 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 PJSB0000042.

Products and services

Customers walking into the Karave 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 PJSB0000042

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 PJSB0000042 and the account number together uniquely identify the Karave branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC PJSB0000042

G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the KARAVE 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 PJSB0000042 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 – KARAVE:

• The IFSC is exactly PJSB0000042 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 KARAVE 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 Karave branch sits at C QUEEN EXCELLANCY SHOP NO 1,2,3, SECTOR 44 A, PLOT NO 63,64,65 AND 73,74,75 OFF PALM BEACH ROAD NEAR SEAWOOD STATION KARAVE NERUL WEST NAVI MUMBAI 400706. If you are travelling from outside Karave, 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 PJSB0000042 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PJSB0000042 for G P Parsik Bank – KARAVE, 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 Karave 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 PJSB0000042 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PJSB0000042 belongs to G P Parsik Bank's KARAVE branch, located at C QUEEN EXCELLANCY SHOP NO 1,2,3, SECTOR 44 A, PLOT NO 63,64,65 AND 73,74,75… in KARAVE, 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.