IFSC Code of G P Parsik Bank, Dharampeth Nagpur Branch, Maharashtra

If you are searching for the IFSC code of G P Parsik Bank, DHARAMPETH NAGPUR branch in NAGPUR, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is PJSB0000402. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the DHARAMPETH NAGPUR branch, and detailed step-by-step guides for using the IFSC PJSB0000402 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

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 – DHARAMPETH NAGPUR is PJSB0000402. The first four letters PJSB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000402 map to this branch in NAGPUR, MAHARASHTRA.

About G P Parsik Bank

G P Parsik Bank operates a wide network of branches across India, including the Dharampeth Nagpur branch in Nagpur. 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, PJSB0000402.

Branch details at a glance

Dharampeth Nagpur branch overview

Located at PLOT NO. 222, BLOCK NO. G1 GROUND FLOOR, CORPORATE HOUSE NO. 341, RAM NAGAR ROAD, DHARAMPETH, NAGPUR 440 010, the Dharampeth Nagpur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PJSB0000402 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 DHARAMPETH NAGPUR branch came to be assigned the code PJSB0000402.

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 PJSB0000402, money simply cannot be routed to the DHARAMPETH NAGPUR branch electronically.

Products and account variants supported

Every account opened at the Dharampeth Nagpur branch is mapped to IFSC PJSB0000402 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 PJSB0000402.

Products and services

Customers walking into the Dharampeth Nagpur 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 PJSB0000402

How to transfer money using IFSC PJSB0000402

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 PJSB0000402 across all three.

NEFT to G P Parsik Bank, DHARAMPETH NAGPUR using IFSC PJSB0000402

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PJSB0000402, and confirm that the system picks up G P Parsik Bank – DHARAMPETH NAGPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC PJSB0000402

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 – DHARAMPETH NAGPUR, ensure your bank's portal accepts IFSC PJSB0000402 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 – DHARAMPETH NAGPUR, use IMPS. With IFSC PJSB0000402 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 PJSB0000402 for G P Parsik Bank – DHARAMPETH NAGPUR, 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.

For most retail customers crediting the Dharampeth Nagpur 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.

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 DHARAMPETH NAGPUR branch, the IFSC PJSB0000402 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.

Online banking and IFSC PJSB0000402

G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the DHARAMPETH NAGPUR 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 PJSB0000402 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 Dharampeth Nagpur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PJSB0000402 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – DHARAMPETH NAGPUR:

• The IFSC is exactly PJSB0000402 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 DHARAMPETH NAGPUR 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.

How to reach the Dharampeth Nagpur branch

The branch is located at PLOT NO. 222, BLOCK NO. G1 GROUND FLOOR, CORPORATE HOUSE NO. 341, RAM NAGAR ROAD, DHARAMPETH, NAGPUR 440 010, which puts it inside Nagpur, the broader Nagpur district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “G P Parsik Bank Dharampeth Nagpur branch” — the verified location pin for IFSC PJSB0000402 should appear at the top of the results.
2. Confirm the branch is open by calling 22-25456500 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 PJSB0000402 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PJSB0000402 for G P Parsik Bank – DHARAMPETH NAGPUR, 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 Dharampeth Nagpur 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 PJSB0000402 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PJSB0000402 belongs to G P Parsik Bank's DHARAMPETH NAGPUR branch, located at PLOT NO. 222, BLOCK NO. G1 GROUND FLOOR, CORPORATE HOUSE NO. 341, RAM NAGAR… in NAGPUR, 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.