Use this page as a one-stop reference for everything related to G P Parsik Bank's MAJIWADE BRANCH branch in MAJIWADE, THANE, MAHARASHTRA. The branch's IFSC code PJSB0000006 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 – MAJIWADE BRANCH is PJSB0000006. The first four letters PJSB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000006 map to this branch in MAJIWADE, THANE, MAHARASHTRA.
Branch details at a glance
| Bank Name | G P Parsik Bank |
|---|---|
| Branch | Majiwade Branch |
| IFSC Code | PJSB0000006 |
| MICR Code | Refer to cheque leaf |
| Branch Address | HIGH STREET CUM HIGHLAND CORPORATE CENTRE, GROUND FLOOR GB-149 NEAR BIG BAZAR MAJIWADE THANE 400607 |
| City | Majiwade, Thane |
| District | Thane |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 25420359 |
About G P Parsik Bank
G P Parsik Bank operates a wide network of branches across India, including the Majiwade Branch branch in Majiwade, Thane. 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, PJSB0000006.
About this branch
The branch is located at HIGH STREET CUM HIGHLAND CORPORATE CENTRE, GROUND FLOOR GB-149 NEAR BIG BAZAR MAJIWADE THANE 400607. It serves the Majiwade, Thane region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of G P Parsik Bank. The IFSC PJSB0000006 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 G P Parsik Bank's MAJIWADE BRANCH branch came to be assigned the code PJSB0000006.
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 PJSB0000006, money simply cannot be routed to the MAJIWADE BRANCH branch electronically.
How to transfer money using IFSC PJSB0000006
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 PJSB0000006 across all three.
How to use IFSC PJSB0000006 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's MAJIWADE BRANCH 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 PJSB0000006.
- Confirm the bank name auto-populates as G P Parsik Bank and the branch as MAJIWADE BRANCH.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC PJSB0000006
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 – MAJIWADE BRANCH, ensure your bank's portal accepts IFSC PJSB0000006 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 – MAJIWADE BRANCH, use IMPS. With IFSC PJSB0000006 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 Majiwade Branch
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 PJSB0000006:
- 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 MAJIWADE BRANCH is still linked to IFSC PJSB0000006.
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 PJSB0000006
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 – MAJIWADE BRANCH is still mapped to IFSC PJSB0000006. 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 PJSB0000006 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Majiwade Branch branch is mapped to IFSC PJSB0000006 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 PJSB0000006.
Products and services
Customers walking into the Majiwade Branch 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 PJSB0000006
MICR & cheque-truncation details
Cheques drawn on the Majiwade Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PJSB0000006 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC PJSB0000006
G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the MAJIWADE BRANCH 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 PJSB0000006 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.
Common mistakes to avoid when using IFSC PJSB0000006
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 – MAJIWADE BRANCH, 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:
PJSB0000006. - 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 Majiwade Branch branch sits at HIGH STREET CUM HIGHLAND CORPORATE CENTRE, GROUND FLOOR GB-149 NEAR BIG BAZAR MAJIWADE THANE 400607. If you are travelling from outside Majiwade, Thane, search for the branch on a maps application using the bank name and locality, or call 22-25420359 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 PJSB0000006 and your account number.
Verifying IFSC PJSB0000006 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 PJSB0000006 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-25420359.
- Visiting the bank's official branch locator page.
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 Majiwade Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PJSB0000006, however, work 24x7.
Branch address & contact
G P Parsik BankMajiwade Branch Branch
HIGH STREET CUM HIGHLAND CORPORATE CENTRE, GROUND FLOOR GB-149 NEAR BIG BAZAR MAJIWADE THANE 400607
Majiwade, Thane, Maharashtra
Phone: 22-25420359
IFSC: PJSB0000006
Frequently asked questions
Is IFSC PJSB0000006 the same for all accounts at Majiwade Branch branch?
Yes. The IFSC PJSB0000006 is shared by every account held at G P Parsik Bank's Majiwade Branch branch. Only the account number changes from customer to customer.
What is the phone number of G P Parsik Bank Majiwade Branch branch?
You can reach the branch at 22-25420359 during regular banking hours.
Can I use IFSC PJSB0000006 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PJSB0000006 to send funds instantly.
Does G P Parsik Bank Majiwade Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-25420359 to confirm.
What is the IFSC code of G P Parsik Bank Majiwade Branch branch?
The IFSC code of G P Parsik Bank, Majiwade Branch branch is PJSB0000006. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Majiwade Branch branch but serve different purposes.
Is IFSC PJSB0000006 valid for NEFT and RTGS?
Yes. IFSC PJSB0000006 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code PJSB0000006 belongs to G P Parsik Bank's MAJIWADE BRANCH branch, located at HIGH STREET CUM HIGHLAND CORPORATE CENTRE, GROUND FLOOR GB-149 NEAR BIG BAZAR… in MAJIWADE, THANE, 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.
