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 Amalner, Dist Bid branch in Beed, Amalner, Maharashtra, 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 Beed or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BARB0AMALNE. 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, Amalner, Dist Bid, Beed

Here are the key points that are associated with the IFSC Code BARB0AMALNE of Bank Of Baroda for its branch located in Beed, within the district of Amalner in the state of Maharashtra.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0AMALNE
Branch Amalner, Dist Bid
City Beed
District Amalner
State Maharashtra
Address Pushpakunj, Shivaji Road, Amalner 425 401

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Baroda in Beed for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARB0AMALNE for the Amalner, Dist Bid branch of Bank Of Baroda is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BARB0AMALNE is given to every bank branch, including Bank Of Baroda located in Amalner, Dist Bid, Beed, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Baroda branch in Beed.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Beed and Amalner.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Baroda in Amalner, Dist Bid doesn't end up at another location.

Format of the IFSC Code BARB0AMALNE

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 Amalner, Dist Bid in Beed.

For example, the IFSC Code BARB0AMALNE of Bank Of Baroda for the Amalner, Dist Bid branch includes these elements, identifying the bank and the branch location in Beed and Maharashtra accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are trying to find the IFSC Code BARB0AMALNE of Bank Of Baroda for its Amalner, Dist Bid branch located in Beed, the following methods can help:

Cheque Book

The cheque book issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Bank Of Baroda branches in Beed and Amalner, print them on the first page of your passbook.

Bank Website

Visit the official website of Bank Of Baroda and navigate to the branch locator section. Search for Amalner, Dist Bid or Beed to get the exact IFSC Code BARB0AMALNE.

Mobile Banking App

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

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of Baroda and Beed, you'll get the correct details.

How to Use IFSC Code BARB0AMALNE for Online Transfers?

Once you have the IFSC Code BARB0AMALNE for the Amalner, Dist Bid branch of Bank Of Baroda in Beed, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0AMALNE. 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 BARB0AMALNE.

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 Amalner, Dist Bid in Beed, 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 Amalner, Dist Bid, 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 Beed to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda in Amalner, Dist Bid, Beed?

The IFSC Code is BARB0AMALNE.

Is the IFSC Code BARB0AMALNE permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Baroda Amalner, Dist Bid?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Amalner, Dist Bid branch?

The address of the branch is Pushpakunj, Shivaji Road, Amalner 425 401 located in Beed, Amalner, Maharashtra.

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.