Jammu and Kashmir IFSC represents an 11-character code usually seen on a cheque leaf or a passbook and is used during the fund transfer process. It is used to identify various Jammu and Kashmir Bank Branches that take part in various online money transfer systems such as NEFT, RTGS, and IMPS, etc.
Jammu and Kashmir IFSC Structure
Jammu and Kashmir IFSC is made of a combination of 11 alphanumeric characters whereby the first 4 characters identify the bank, the 5th character is always zero and the last 6 digits are indicative of the branch
| Jammu and Kashmir Bank | Zero | Panaji Branch | ||||||||
| J | A | K | A | 0 | P | A | N | A | J | I |
Other examples are
JAKA0SHARIF is the IFSC Code of Patna Branch, Bihar
JAKA0DWARKA is the IFSC code of Dwaraka Branch, Delhi
Why do we need the Jammu and Kashmir IFSC Code?
You can consider an IFSC Code as a postal address of a branch that tells the exact location of a branch. Hence while transferring money from one Jammu and Kashmir branch to another, IFSC Code helps to route the money to the right branch.
Further, the IFSC Code is helpful in the following ways -
- It helps RBI to monitor and keep track of all the transactions happening in the country
- Correct usage of the IFSC Code helps to abolish any discrepancies in fund transfer
- IFSC makes electronic fund transfer process easier
How to transfer money using the Jammu and Kashmir Bank IFSC Code?
IFSC code is an important part of the online fund transfer system as it recognises diverse branches participating in NEFT, RTGS or IMPS. Here are the 3 majorly used ways to transfer funds via IFS Code.
NEFT
NEFT or National Electronic Fund Transfer is a nation-wide fund transfer system introduced by the RBI. Under this system account holders can transfer funds from any bank branch to any account holder having an account with any other bank branch taking part in this system.
Fund transfers under NEFT do not take place in real time instead the NEFT settles fund transfers in hourly batches. It is available 24* 7 throughout the year
Customers can carry out the NEFT process by the following ways -
- Netbanking
- Mobile Banking
- Visiting the Bank Branch
RTGS
RTGS or Real Time Gross Settlement can be defined as a payment system wherein the continuous settlement of payments on an individual order basis takes place. This system is mostly used for carrying out large value transactions across the country.
RTGS is not available 24*7. As per the RBI customers can carry out RTGS from 10 am to 6 pm on a working day but the timings can differ from bank to bank.
Customers can carry out the NEFT process by the following ways-
- Netbanking
- Mobile Banking
- Visiting the Bank Branch
IMPS
IMPS or Immediate Payment System is an interbank electronic banking facility available via various channels like internet banking, mobile banking, etc.
The IMPS was introduced by NPCI to make fund transfer easier just with the mobile number of the beneficiary.
IMPS is available 24*7 throughout the year even on bank holidays.
Customers can carry out the NEFT process by the following ways-
- Netbanking
- Mobile Banking
- Visiting the Bank Branch
How to find the Jammu and Kashmir Bank IFSC Code & MICR Code?
Paisabazaar IFSC Tool Locator:
- Paisabazaar offers a Tool called IFSC Tool Locator to its customers. Customers can visit the Paisabazaar IFSC Code Tool locator and select the required Jammu and Kashmir Branch for which you want the IFSC and the MICR code.
- Alternatively, one can go to the Reserve Bank of India Website and look for the IFSC and the MICR Code.
Where to find the Jammu and Kashmir Bank IFSC Code?
Apart from the Paisabazaar IFSC Tool Locator and the RBI Website, one can find the Jammu and Kashmir Bank’s IFSC Code on the following platforms -
- Cheque Book: One can get the IFSC Code printed on the Jammu and Kashmir Bank’s Cheque Book. IFSC is printed on the top of the cheque leaf whereas the MICR is mentioned on the bottom.
- Pass Book: Pass Book of Jammu and Kashmir Bank also contains the IFSC Code of the one’s bank branch.
- Mobile Banking: Mobile banking is one such platform through which one can avail of a number of banking services. Hence one can use the mobile banking app of the Jammu and Kashmir Bank to find the IFSC Code of the required bank branch.
- Internet Banking: Internet banking is another way to look for the IFSC Code of Jammu and Kashmir Bank.
What is the Jammu and Kashmir Bank MICR Code?
MICR Code is a 9-digit character used by the banks for the faster processing of the cheques.
MICR Code Format: MICR Code is composed in such a way that the first 3 digits denote the name of the city the next 3 denote the bank code and the last 3 digits indicate the bank branch.
For example:
800051002 is the MICR Code of Patna Branch, Bihar
| City Name | Bank Code | Bank Branch | ||||||
| 8 | 0 | 0 | 0 | 5 | 1 | 0 | 0 | 2 |
More examples are
110051028 is the MICR Code of Dwarka Branch, Delhi
403051002 is the MICR Code of Panaji Branch, Delhi
Where to find Jammu and Kashmir Bank MICR Code?
One can look into the bank’s passbook, cheque leaf and the digital banking platforms of the bank to look for the Jammu and Kashmir Bank MICR code.
Cheque Book: One can get the MICR Code printed on the Jammu and Kashmir Bank’s Cheque Book.
Pass Book: Pass Book of Jammu and Kashmir Bank also contains the MICR Code of the one’s bank branch.
Mobile Banking/Internet Banking: Mobile banking/Internet Banking are two such platforms that can be used to find the MICR Code of the required bank branch.
Alternatively, one can visit Paisabazaar IFSC Tool Locator and get the required MICR Code.
What is the Jammu and Kashmir Bank Swift Code?
SWIFT Code also is known as Society for Worldwide Interbank Financial Telecommunication is a unique alphanumeric code that identifies an institution's branch among the members of the swift network.
This code is used for money transfer between the banks on the international level. Customers need to provide the exact BIC code of the beneficiary’s bank branch.
How to find Jammu and Kashmir Swift Code?
A customer needs to call the Jammu and Kashmir Customer Care Department to find out the required SWIFT Code.
Difference between Jammu and Kashmir Bank IFSC, MICR & SWIFT Code
Below table explains the difference between the three -
| IFSC Code | MICR Code | SWIFT Code |
| Stands for Jammu and Kashmir Financial System Code | Stands for Magnetic Ink Character Recognition | Stands Society for Worldwide Interbank Financial Telecommunication |
| The code is composed of 11-digits | The code is composed of 9-digits | The code is composed of 8 to 11-digits |
| It is used for fund transfer across the country | Used for faster processing of cheques | It is used for fund transfer across the globe |
Frequently Asked Questions (FAQs)
How to locate the nearest Jammu and Kashmir Bank Branch from IFSC Code?
Jammu and Kashmir IFSC are structured in such a way the last 6 digits of the code denote the bank branch. Thus one can refer to these last 6 digits to locate the Jammu and Kashmir Bank Branch from IFSC Code.
How to search Jammu and Kashmir Bank IFSC Code by account number?
One cannot search Jammu and Kashmir Bank IFSC Code by account number as of now. There are other ways to do that
- Paisabazaar IFSC Code Tool Locator
- RBI Website
- Jammu and Kashmir Bank Cheque Book/ Passbook
- Jammu and Kashmir Bank Netbanking/ Mobile Banking
Does Jammu and Kashmir Bank Credit Card have IFSC Code?
A credit card does not contain any kind of IFSC Code. One needs to provide the IFSC Code while making the credit card payments. In such conditions, the IFSC Code is used for the credit cards.
What is the Jammu and Kashmir Bank CIF Number?
A CIF Number, also known as Customer Information File, is an 11-digit code used by the Jammu and Kashmir Bank to decode the information about their bank account holders. The information can be related to the loans, demat and KYC that require address proof and ID proof.
What is Jammu and Kashmir Bank BSR Code?
BSR Code also known as the Basic Statistical Return Code is an eleven digit code allotted by the Reserve Bank of India. The main purpose of the BSR Code is during the filing Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns. It helps banks to keep a clear record of every online payment done towards tax, which is all made available to the Income Tax Department by the banks.
How to find Jammu and Kashmir Bank branch Code?
Jammu and Kashmir IFSC is structured in such a way the last 6 digits of the code denote the bank branch. Thus one can refer to these last 6 digits to locate the Jammu and Kashmir Bank Branch from IFSC Code.