For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Baroda for its Basavakalyan branch in Bidar, Basavakalyan, Karnataka, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Baroda located in Bidar or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BARB0VJBAKA. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Baroda, Basavakalyan, Bidar

Below in the table are the key details related to IFSC Code BARB0VJBAKA of Bank Of Baroda for its branch located in Bidar, within the district of Basavakalyan in the state of Karnataka.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0VJBAKA
Branch Basavakalyan
City Bidar
District Basavakalyan
State Karnataka
Address D.No.3131751178,1St Floor , Ratha Maidan Road , Basavakalayan,Bidar Dist , Basavakalyan , 585327

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Baroda in Bidar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARB0VJBAKA for the Basavakalyan 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of Baroda located in Basavakalyan, Bidar, Karnataka, are given a unique IFSC like BARB0VJBAKA to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bidar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Bidar and Basavakalyan.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of Baroda in Basavakalyan goes to the correct branch. This is important because Bank Of Baroda has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BARB0VJBAKA

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 Basavakalyan in Bidar.

For example, the IFSC Code BARB0VJBAKA of Bank Of Baroda for the Basavakalyan branch includes these elements, identifying the bank and the branch location in Bidar and Karnataka accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are looking for the IFSC Code BARB0VJBAKA of Bank Of Baroda for its Basavakalyan branch located in Bidar, 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 Bidar and Basavakalyan, 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 Basavakalyan or Bidar to get the exact IFSC Code BARB0VJBAKA.

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 Bidar, then it will provide you proper information.

How to Use IFSC Code BARB0VJBAKA for Online Transfers?

Once you have the IFSC Code BARB0VJBAKA for the Basavakalyan branch of Bank Of Baroda in Bidar, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0VJBAKA. 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 BARB0VJBAKA.

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 Basavakalyan in Bidar, 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 Basavakalyan, 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 Bidar 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 Basavakalyan, Bidar?

The IFSC Code is BARB0VJBAKA.

Is the IFSC Code BARB0VJBAKA 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 Basavakalyan?

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 Basavakalyan branch?

The address of the branch is D.No.3131751178,1St Floor , Ratha Maidan Road , Basavakalayan,Bidar Dist , Basavakalyan , 585327 located in Bidar, Basavakalyan, Karnataka.

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.