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 Paradip,Odisha branch in Jagatsinghpur, Jagatsinghpur, Odisha, 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 Jagatsinghpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BARB0DBPARA. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Baroda, Paradip,Odisha, Jagatsinghpur
Here are some of the key details that come with the IFSC Code BARB0DBPARA of Bank Of Baroda for its branch located in Jagatsinghpur, within the district of Jagatsinghpur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0DBPARA |
| Branch | Paradip,Odisha |
| City | Jagatsinghpur |
| District | Jagatsinghpur |
| State | Odisha |
| Address | 1St Floor Marina Complex Udayabatnear Ppl Chowk Paradip Jagatsinghpur Jagatsinghapur Jagatsinghapur Odisha 754141 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Baroda in Jagatsinghpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0DBPARA for the Paradip,Odisha 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of Baroda located in Paradip,Odisha, Jagatsinghpur, Odisha, are given a unique IFSC like BARB0DBPARA to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jagatsinghpur.
- 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 Jagatsinghpur and Jagatsinghpur.
- 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 Paradip,Odisha goes to the correct branch. This is important because Bank Of Baroda has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BARB0DBPARA
The format of the IFSC Code for banks, including Bank Of Baroda, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of Baroda, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Paradip,Odisha in Jagatsinghpur.
For example, the IFSC Code BARB0DBPARA of Bank Of Baroda for the Paradip,Odisha branch includes these elements, identifying the bank and the branch location in Jagatsinghpur and Odisha accurately.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0DBPARA of Bank Of Baroda for its Paradip,Odisha branch located in Jagatsinghpur, 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 Jagatsinghpur and Jagatsinghpur, 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 Paradip,Odisha or Jagatsinghpur to get the exact IFSC Code BARB0DBPARA.
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 Jagatsinghpur that will provide accurate information.
How to Use IFSC Code BARB0DBPARA for Online Transfers?
Once you have the IFSC Code BARB0DBPARA for the Paradip,Odisha branch of Bank Of Baroda in Jagatsinghpur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0DBPARA. 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 BARB0DBPARA.
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 Paradip,Odisha in Jagatsinghpur, 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 Paradip,Odisha, 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 Jagatsinghpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0DBPARA.
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 1St Floor Marina Complex Udayabatnear Ppl Chowk Paradip Jagatsinghpur Jagatsinghapur Jagatsinghapur Odisha 754141 located in Jagatsinghpur, Jagatsinghpur, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.