There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Baroda for its Balasore, Orissa branch in Balasore, Balasore, Odisha, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Baroda situated in Balasore or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BARB0BALASO. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Baroda, Balasore, Orissa, Balasore

Here are the key points that are associated with the IFSC Code BARB0BALASO of Bank Of Baroda for its branch located in Balasore, within the district of Balasore in the state of Odisha.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0BALASO
Branch Balasore, Orissa
City Balasore
District Balasore
State Odisha
Address Motiganj Bazar,Balasore,Bihar-756003

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Baroda in Balasore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0BALASO for the Balasore, Orissa branch of Bank Of Baroda has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Baroda located in Balasore, Orissa, Balasore, Odisha, is provided with a unique IFSC like BARB0BALASO to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Baroda branch in Balasore.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Balasore and Balasore.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Baroda in Balasore, Orissa do not get mixed with another location.

Format of the IFSC Code BARB0BALASO

This is the format of the IFSC Code for banks, including Bank Of Baroda, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Bank Of Baroda, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Balasore, Orissa in Balasore.

For example, the IFSC Code BARB0BALASO of Bank Of Baroda for the Balasore, Orissa branch includes these elements, identifying the bank and the branch location in Balasore and Odisha accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are looking for the IFSC Code BARB0BALASO of Bank Of Baroda for its Balasore, Orissa branch located in Balasore, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Bank Of Baroda branches in Balasore and Balasore, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of Baroda and look for the branch locator section, then search for Balasore, Orissa or Balasore to get the exact IFSC Code BARB0BALASO.

Mobile Banking App

If you use Bank Of Baroda's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of Baroda and Balasore, then it will provide you proper information.

How to Use IFSC Code BARB0BALASO for Online Transfers?

Once you have the IFSC Code BARB0BALASO for the Balasore, Orissa branch of Bank Of Baroda in Balasore, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0BALASO. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of Baroda IFSC Code BARB0BALASO.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of Baroda Balasore, Orissa in Balasore, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of Baroda in Balasore, Orissa, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Bank Of Baroda website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Balasore to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda Balasore, Orissa Balasore?

The IFSC Code of the Balasore, Orissa Balasore branch is BARB0BALASO.

Is IFSC Code BARB0BALASO permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of Baroda Balasore, Orissa branch?

The branch is located at Motiganj Bazar,Balasore,Bihar-756003.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.