The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Baroda for its Risali Bhilai branch in Durg, Bhilainagar, Chhattisgarh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of Baroda located in Durg or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code BARB0RISALI. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Baroda, Risali Bhilai, Durg
Here are the key points that are associated with the IFSC Code BARB0RISALI of Bank Of Baroda for its branch located in Durg, within the district of Bhilainagar in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0RISALI |
| Branch | Risali Bhilai |
| City | Durg |
| District | Bhilainagar |
| State | Chhattisgarh |
| Address | 14Th Building Krishna Talkies Road Risali Bhilai Nagar Chattisgarh 490023 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Baroda in Durg for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARB0RISALI for the Risali Bhilai 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, including Bank Of Baroda located in Risali Bhilai, Durg, Chhattisgarh, is provided with a unique IFSC like BARB0RISALI to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of Baroda branch in Durg.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Durg and Bhilainagar.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Chhattisgarh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Baroda in Risali Bhilai do not get mixed with another location.
Format of the IFSC Code BARB0RISALI
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 Risali Bhilai in Durg.
For example, the IFSC Code BARB0RISALI of Bank Of Baroda for the Risali Bhilai branch includes these elements, identifying the bank and the branch location in Durg and Chhattisgarh accurately.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0RISALI of Bank Of Baroda for its Risali Bhilai branch located in Durg, 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 Durg and Bhilainagar, 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 Risali Bhilai or Durg to get the exact IFSC Code BARB0RISALI.
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 Durg that will provide accurate information.
How to Use IFSC Code BARB0RISALI for Online Transfers?
Once you have the IFSC Code BARB0RISALI for the Risali Bhilai branch of Bank Of Baroda in Durg, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BARB0RISALI. 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 BARB0RISALI.
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 Risali Bhilai in Durg, 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 Risali Bhilai, 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 Durg manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0RISALI.
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 14Th Building Krishna Talkies Road Risali Bhilai Nagar Chattisgarh 490023 located in Durg, Bhilainagar, Chhattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.