Below are the complete branch details for G P Parsik Bank, KOROCHI branch, located in KOROCHI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is PJSB0000202. 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 PJSB0000202 for G P Parsik Bank – KOROCHI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – KOROCHI is PJSB0000202. The first four letters PJSB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000202 map to this branch in KOROCHI, MAHARASHTRA.
About G P Parsik Bank
G P Parsik Bank operates a wide network of branches across India, including the Korochi branch in Korochi. 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, PJSB0000202.
Branch details at a glance
| Bank Name | G P Parsik Bank |
|---|---|
| Branch | Korochi |
| IFSC Code | PJSB0000202 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR |
| City | Korochi |
| District | Kolhapur |
| State | Maharashtra |
| STD Code | 230 |
| Phone | 2402031 |
About the Korochi branch
The Korochi branch of G P Parsik Bank is situated at AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR. 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 PJSB0000202 is used.
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 KOROCHI branch came to be assigned the code PJSB0000202.
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 PJSB0000202, money simply cannot be routed to the KOROCHI branch electronically.
Products and account variants supported
Every account opened at the Korochi branch is mapped to IFSC PJSB0000202 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 PJSB0000202.
Products and services
Customers walking into the Korochi 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 PJSB0000202
How to transfer money using IFSC PJSB0000202
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 PJSB0000202 across all three.
How to use IFSC PJSB0000202 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's KOROCHI 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 PJSB0000202.
- Confirm the bank name auto-populates as G P Parsik Bank and the branch as KOROCHI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PJSB0000202
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 G P Parsik Bank – KOROCHI, ensure your bank's portal accepts IFSC PJSB0000202 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to G P Parsik Bank – KOROCHI, use IMPS. With IFSC PJSB0000202 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PJSB0000202 for G P Parsik Bank – KOROCHI, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PJSB0000202 | Yes – PJSB0000202 | Yes – PJSB0000202 |
For most retail customers crediting the Korochi branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC PJSB0000202
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 – KOROCHI is still mapped to IFSC PJSB0000202. 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 PJSB0000202 and the beneficiary's account number to complete the transfer.
Online banking and IFSC PJSB0000202
G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the KOROCHI 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 PJSB0000202 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.
MICR & cheque-truncation details
Cheques drawn on the Korochi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PJSB0000202 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC PJSB0000202
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 – KOROCHI, 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:
PJSB0000202. - 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.
Reaching the branch
The Korochi branch sits at AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR. If you are travelling from outside Korochi, search for the branch on a maps application using the bank name and locality, or call 230-2402031 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 PJSB0000202 and your account number.
Verifying IFSC PJSB0000202 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 PJSB0000202 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 230-2402031.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Korochi 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 PJSB0000202 continue to work without interruption.
Branch address & contact
G P Parsik BankKorochi Branch
AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR
Korochi, Maharashtra
Phone: 230-2402031
IFSC: PJSB0000202
Frequently asked questions
Is IFSC PJSB0000202 valid for NEFT and RTGS?
Yes. IFSC PJSB0000202 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC PJSB0000202 the same for all accounts at Korochi branch?
Yes. The IFSC PJSB0000202 is shared by every account held at G P Parsik Bank's Korochi branch. Only the account number changes from customer to customer.
How do I add G P Parsik Bank Korochi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PJSB0000202, 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 Korochi branch but serve different purposes.
What is the phone number of G P Parsik Bank Korochi branch?
You can reach the branch at 230-2402031 during regular banking hours.
What is the IFSC code of G P Parsik Bank Korochi branch?
The IFSC code of G P Parsik Bank, Korochi branch is PJSB0000202. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is G P Parsik Bank Korochi branch located?
G P Parsik Bank's Korochi branch is located at AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR, Korochi, Maharashtra.
Summary
The IFSC code PJSB0000202 belongs to G P Parsik Bank's KOROCHI branch, located at AT POST KOROCHI TAL. HATKANANGALE DIST. KOLHAPUR in KOROCHI, 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.
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