All G P PARSIK BANK branch details having IFSC Code in SANGLI district
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G P PARSIK BANK operates 1 branches in SANGLI District of MAHARASHTRA State
Click on the branch name to find the MICR Code, bank location, bank address, bank official website address, bank contact number of G P Parsik Bank, Sangli, Maharashtra
G P Parsik Bank 1 branches can be accessible in the Sangli district of Maharashtra State. All the G P Parsik Bank branches in Sangli accept RTGS (Real-Time Gross Settlement), NEFT (National Electronic Fund Transfer) and IMPS (Immediate Payment Service) transactions.
List as follows: Sangli
Above branches has 1 unique IFSC code,MICR Code. Without IFSC Code RTGS (Real-Time Gross Settlement), NEFT (National Electronic Fund Transfer) and IMPS (Immediate Payment Service) transaction can not be done.
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What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code used in banking for secure and automated cheque processing under the Electronic Clearing System (ECS).
🔹 Structure of a MICR Code:
- First 3 digits – Represent the city code (aligned with PIN codes).
- Middle 3 digits – Represent the bank code.
- Last 3 digits – Represent the specific branch code.
🔹 Where Can You Find a MICR Code?
- Printed at the bottom of cheque leaves.
- Available on the first page of your passbook.
🔹 Why is MICR Important?
- Speeds up cheque clearance using MICR-enabled scanners.
- Reduces errors in processing and ensures quick verification.
- Used for ECS transactions, salary processing, and automatic bill payments.
✅ 2025 Update: Many banks are shifting to digital cheque clearing (DCC), reducing reliance on MICR for faster settlement cycles.
