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 Nariman Point branch in Greater Mumbai, Mumbai, Maharashtra, 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 Greater Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARB0NARIMA. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Baroda, Nariman Point, Greater Mumbai

Here are the key points that are associated with the IFSC Code BARB0NARIMA of Bank Of Baroda for its branch located in Greater Mumbai, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0NARIMA
Branch Nariman Point
City Greater Mumbai
District Mumbai
State Maharashtra
Address Nirmal Building', Nariman Point, Mumbai 400021

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Baroda in Greater Mumbai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0NARIMA for the Nariman Point 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 BARB0NARIMA is given to every bank branch, including Bank Of Baroda located in Nariman Point, Greater Mumbai, Maharashtra, 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 Greater Mumbai.
  • 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 Greater Mumbai and Mumbai.
  • 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Baroda in Nariman Point doesn't end up at another location.

Format of the IFSC Code BARB0NARIMA

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 Nariman Point in Greater Mumbai.

For example, the IFSC Code BARB0NARIMA of Bank Of Baroda for the Nariman Point branch includes these elements, identifying the bank and the branch location in Greater Mumbai and Maharashtra accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are trying to find the IFSC Code BARB0NARIMA of Bank Of Baroda for its Nariman Point branch located in Greater Mumbai, the following methods can help:

Cheque Book

The cheque book issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of Baroda branches in Greater Mumbai and Mumbai, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of Baroda and navigate to the branch locator section. Search for Nariman Point or Greater Mumbai to get the exact IFSC Code BARB0NARIMA.

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 keeps an updated list of all IFSC codes. If you search for Bank Of Baroda and Greater Mumbai, you'll get the correct details.

How to Use IFSC Code BARB0NARIMA for Online Transfers?

Once you have the IFSC Code BARB0NARIMA for the Nariman Point branch of Bank Of Baroda in Greater Mumbai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0NARIMA. 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 BARB0NARIMA.

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 Nariman Point in Greater Mumbai, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of Baroda in Nariman Point, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Greater Mumbai manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda in Nariman Point, Greater Mumbai?

The IFSC Code is BARB0NARIMA.

Is the IFSC Code BARB0NARIMA permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Baroda Nariman Point?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Nariman Point branch?

The address of the branch is Nirmal Building', Nariman Point, Mumbai 400021 located in Greater Mumbai, Mumbai, Maharashtra.

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.

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