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 Moti Daman,Daman Diu branch in Daman, Daman, Daman And Diu, 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 Daman or anywhere in Daman And Diu can easily transfer funds instantly by using the correct IFSC Code BARB0MOTIDA. 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, Moti Daman,Daman Diu, Daman
Below in the table are the key details related to IFSC Code BARB0MOTIDA of Bank Of Baroda for its branch located in Daman, within the district of Daman in the state of Daman And Diu.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0MOTIDA |
| Branch | Moti Daman,Daman Diu |
| City | Daman |
| District | Daman |
| State | Daman And Diu |
| Address | 34, Pts 180114,Opp Hathi Bag Main Road, Moti Damandaman & Diu 396220 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Baroda in Daman for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0MOTIDA for the Moti Daman,Daman Diu 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 Moti Daman,Daman Diu, Daman, Daman And Diu, are allotted a unique IFSC like BARB0MOTIDA to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Daman.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Daman and Daman.
- 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 Moti Daman,Daman Diu reaches the right place, even though there are thousands of branches in Daman And Diu and across India.
Format of the IFSC Code BARB0MOTIDA
The format of the IFSC Code for banks, including Bank Of Baroda, has 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 Moti Daman,Daman Diu in Daman.
For example, the IFSC Code BARB0MOTIDA of Bank Of Baroda for the Moti Daman,Daman Diu branch includes these elements, identifying the bank and the branch location in Daman and Daman And Diu correctly.
How to Find IFSC Code for Bank Of Baroda?
To find the IFSC Code BARB0MOTIDA of Bank Of Baroda for its Moti Daman,Daman Diu branch located in Daman, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Baroda branches in Daman and Daman, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Baroda and go to the branch locator section. Then search for Moti Daman,Daman Diu or Daman to find the exact IFSC Code BARB0MOTIDA.
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 maintains an updated database of all IFSC codes. Searching for Bank Of Baroda and Daman will provide accurate information.
How to Use IFSC Code BARB0MOTIDA for Online Transfers?
If you have the IFSC Code BARB0MOTIDA for the Moti Daman,Daman Diu branch of Bank Of Baroda in Daman, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0MOTIDA. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of Baroda IFSC Code BARB0MOTIDA.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of Baroda Moti Daman,Daman Diu in Daman, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of Baroda in Moti Daman,Daman Diu, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Bank Of Baroda website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Daman manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0MOTIDA.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is 34, Pts 180114,Opp Hathi Bag Main Road, Moti Damandaman & Diu 396220 located in Daman, Daman, Daman And Diu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.