Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of Baroda for its Beed,Maharashtra branch in Beed, Beed, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of Baroda located in Beed or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARB0BEEDXX. You should definitely 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, Beed,Maharashtra, Beed
Here are the main details that are associated with the IFSC Code BARB0BEEDXX of Bank Of Baroda for its branch located in Beed, within the district of Beed in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0BEEDXX |
| Branch | Beed,Maharashtra |
| City | Beed |
| District | Beed |
| State | Maharashtra |
| Address | 171, Sahyog Nagar,D.P.Road,Beed,Maharashtra - 431122 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Baroda in Beed for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0BEEDXX for the Beed,Maharashtra 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, along with Bank Of Baroda located in Beed,Maharashtra, Beed, Maharashtra, are allotted a unique IFSC like BARB0BEEDXX to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Beed.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Beed and Beed.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of Baroda in Beed,Maharashtra reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BARB0BEEDXX
The format of the IFSC Code for banks, including Bank Of Baroda, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Bank Of Baroda, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Beed,Maharashtra in Beed.
For example, the IFSC Code BARB0BEEDXX of Bank Of Baroda for the Beed,Maharashtra branch has these elements, identifying the bank and the branch location in Beed and Maharashtra correctly.
How to Find IFSC Code for Bank Of Baroda?
If you are looking for the IFSC Code BARB0BEEDXX of Bank Of Baroda for its Beed,Maharashtra branch located in Beed, 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 Beed and Beed, 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 Beed,Maharashtra or Beed to get the exact IFSC Code BARB0BEEDXX.
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 Beed, then it will provide you proper information.
How to Use IFSC Code BARB0BEEDXX for Online Transfers?
Once you have the IFSC Code BARB0BEEDXX for the Beed,Maharashtra branch of Bank Of Baroda in Beed, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0BEEDXX. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Bank Of Baroda IFSC Code BARB0BEEDXX.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of Baroda Beed,Maharashtra in Beed may 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 Beed,Maharashtra, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Beed manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0BEEDXX.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 171, Sahyog Nagar,D.P.Road,Beed,Maharashtra - 431122 located in Beed, Beed, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.