IFSC Code of G P Parsik Bank, Vartak Nagar Branch, Maharashtra

Use this page as a one-stop reference for everything related to G P Parsik Bank's VARTAK NAGAR branch in THANE, MAHARASHTRA. The branch's IFSC code PJSB0000058 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 VARTAK NAGAR branch, the IFSC PJSB0000058 breaks down as follows: PJSB identifies the bank, 0 is the reserved character, and 000058 identifies this particular branch.

About G P Parsik Bank

G P Parsik Bank operates a wide network of branches across India, including the Vartak Nagar branch in 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, PJSB0000058.

Branch details at a glance

Vartak Nagar branch overview

Located at SHOP NO. B, FIRST FLOOR, TAMANNA CO-OP HSG SOC, PLOT NO. 27, LOKMANYA NAGAR 2, THANE WEST - 400606, the Vartak Nagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PJSB0000058 is required for all interbank electronic transfers routed through this branch.

Why every G P Parsik Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including VARTAK NAGAR of G P Parsik Bank — its own 11-character IFSC. The code PJSB0000058 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC PJSB0000058 the same way you would treat your account number — verify it once and save it carefully for future use.

Products and account variants supported

Every account opened at the Vartak Nagar branch is mapped to IFSC PJSB0000058 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 PJSB0000058.

Products and services

Customers walking into the Vartak Nagar 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 PJSB0000058

How to transfer money using IFSC PJSB0000058

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 PJSB0000058 across all three.

How to use IFSC PJSB0000058 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to G P Parsik Bank's VARTAK NAGAR 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 PJSB0000058.
4. Confirm the bank name auto-populates as G P Parsik Bank and the branch as VARTAK NAGAR.
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 VARTAK NAGAR

If you need to transfer ₹2 lakh or more in one go to an account at G P Parsik Bank's VARTAK NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PJSB0000058 while initiating the transfer and the credit will appear within minutes.

IMPS to G P Parsik Bank VARTAK NAGAR (IFSC PJSB0000058)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PJSB0000058 in your mobile or internet banking app, and the money is credited to the VARTAK NAGAR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Vartak Nagar

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 PJSB0000058:

• 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 VARTAK NAGAR is still linked to IFSC PJSB0000058.

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 PJSB0000058

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 – VARTAK NAGAR is still mapped to IFSC PJSB0000058. 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 PJSB0000058 and the beneficiary's account number to complete the transfer.

Online banking and IFSC PJSB0000058

G P Parsik Bank customers can register for net banking and the bank's official mobile app once their account at the VARTAK NAGAR 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 PJSB0000058 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 Vartak Nagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PJSB0000058 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 PJSB0000058

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 – VARTAK NAGAR, 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: PJSB0000058.
• 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 Vartak Nagar branch sits at SHOP NO. B, FIRST FLOOR, TAMANNA CO-OP HSG SOC, PLOT NO. 27, LOKMANYA NAGAR 2, THANE WEST - 400606. If you are travelling from outside Thane, search for the branch on a maps application using the bank name and locality, or call 22-25456500 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 PJSB0000058 and your account number.

Verifying IFSC PJSB0000058 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 PJSB0000058 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-25456500.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Vartak Nagar 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 PJSB0000058 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code PJSB0000058 belongs to G P Parsik Bank's VARTAK NAGAR branch, located at SHOP NO. B, FIRST FLOOR, TAMANNA CO-OP HSG SOC, PLOT NO. 27, LOKMANYA NAGAR 2,… in 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.