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 Gandhi Market branch in Cuttack, Margao, Odisha, 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 Cuttack or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BARB0GANMAR. 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, Gandhi Market, Cuttack
Here are some of the key details that come with the IFSC Code BARB0GANMAR of Bank Of Baroda for its branch located in Cuttack, within the district of Margao in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0GANMAR |
| Branch | Gandhi Market |
| City | Cuttack |
| District | Margao |
| State | Odisha |
| Address | Gandhi Market,Station Road,Dist South Goa,Margao,Goa 403601 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Baroda in Cuttack for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0GANMAR for the Gandhi Market branch of Bank Of Baroda plays an important role.
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 BARB0GANMAR is given to every bank branch, including Bank Of Baroda located in Gandhi Market, Cuttack, Odisha, 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 Cuttack.
- 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 Cuttack and Margao.
- 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 Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Baroda in Gandhi Market doesn't end up at another location.
Format of the IFSC Code BARB0GANMAR
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): Show the bank code. For Bank Of Baroda, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gandhi Market in Cuttack.
For example, the IFSC Code BARB0GANMAR of Bank Of Baroda for the Gandhi Market branch includes these elements, identifying the bank and the branch location in Cuttack and Odisha accurately.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0GANMAR of Bank Of Baroda for its Gandhi Market branch located in Cuttack, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of Baroda include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Baroda branches in Cuttack and Margao, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Baroda and find the branch locator section. Search for Gandhi Market or Cuttack to get the exact IFSC Code BARB0GANMAR.
Mobile Banking App
If you use Bank Of Baroda's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Bank Of Baroda and Cuttack that will provide accurate information.
How to Use IFSC Code BARB0GANMAR for Online Transfers?
Once you have the IFSC Code BARB0GANMAR for the Gandhi Market branch of Bank Of Baroda in Cuttack, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BARB0GANMAR. The transfer is completed in batches instead of instantly. It is useful for both 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 BARB0GANMAR.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Baroda Gandhi Market in Cuttack, your payment can get delayed or might not go through at all.
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 Gandhi Market, 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 Cuttack to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0GANMAR.
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 Gandhi Market,Station Road,Dist South Goa,Margao,Goa 403601 located in Cuttack, Margao, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.