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 Jainagar, Bihar branch in Koderma, Jainagar, Bihar, 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 Koderma or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BARB0JAINAG. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Baroda, Jainagar, Bihar, Koderma
Here are the key points that are associated with the IFSC Code BARB0JAINAG of Bank Of Baroda for its branch located in Koderma, within the district of Jainagar in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0JAINAG |
| Branch | Jainagar, Bihar |
| City | Koderma |
| District | Jainagar |
| State | Bihar |
| Address | Main Road, Near Bank Of India, Jainagar, Bihar ┬Û 800 213 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Baroda in Koderma for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARB0JAINAG for the Jainagar, Bihar 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, along with Bank Of Baroda located in Jainagar, Bihar, Koderma, Bihar, are given a unique IFSC like BARB0JAINAG to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Koderma.
- 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 Koderma and Jainagar.
- 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 Jainagar, Bihar goes to the correct branch. This is important because Bank Of Baroda has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BARB0JAINAG
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 Jainagar, Bihar in Koderma.
For example, the IFSC Code BARB0JAINAG of Bank Of Baroda for the Jainagar, Bihar branch includes these elements, identifying the bank and the branch location in Koderma and Bihar correctly.
How to Find IFSC Code for Bank Of Baroda?
To find the IFSC Code BARB0JAINAG of Bank Of Baroda for its Jainagar, Bihar branch located in Koderma, 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 Koderma and Jainagar, 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 Jainagar, Bihar or Koderma to find the exact IFSC Code BARB0JAINAG.
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 Koderma will provide accurate information.
How to Use IFSC Code BARB0JAINAG for Online Transfers?
Once you have the IFSC Code BARB0JAINAG for the Jainagar, Bihar branch of Bank Of Baroda in Koderma, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0JAINAG. 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 BARB0JAINAG.
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 Jainagar, Bihar in Koderma, it can 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 Jainagar, Bihar, 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 Koderma manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jainagar, Bihar Koderma branch is BARB0JAINAG.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Main Road, Near Bank Of India, Jainagar, Bihar ┬Û 800 213.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.