Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of Baroda for its Baikunthpur,Chhattisgarh branch in Koriya, Baikunthpur, Chandigarh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of Baroda located in Koriya or anywhere in Chandigarh can transfer funds instantly by using the correct IFSC Code BARB0BAIKUN. You should definitely 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, Baikunthpur,Chhattisgarh, Koriya

Here are the main details that are associated with the IFSC Code BARB0BAIKUN of Bank Of Baroda for its branch located in Koriya, within the district of Baikunthpur in the state of Chandigarh.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0BAIKUN
Branch Baikunthpur,Chhattisgarh
City Koriya
District Baikunthpur
State Chandigarh
Address Plot No. 155/2,Near Jail Road,Front Of Phawara Chowk,Baikunthpur ,Dist ┬Û Korea,Chhattisgarh ┬Û 497335.

These details helps users in online banking and for businesses and individuals who use Bank Of Baroda in Koriya for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0BAIKUN for the Baikunthpur,Chhattisgarh branch of Bank Of Baroda plays a vital 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 BARB0BAIKUN is given to every bank branch, including Bank Of Baroda located in Baikunthpur,Chhattisgarh, Koriya, Chandigarh, 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 Koriya.
  • 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 Koriya and Baikunthpur.
  • 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 Chandigarh and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Baroda in Baikunthpur,Chhattisgarh doesn't end up at another location.

Format of the IFSC Code BARB0BAIKUN

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 Baikunthpur,Chhattisgarh in Koriya.

For example, the IFSC Code BARB0BAIKUN of Bank Of Baroda for the Baikunthpur,Chhattisgarh branch includes these elements, identifying the bank and the branch location in Koriya and Chandigarh accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are looking for the IFSC Code BARB0BAIKUN of Bank Of Baroda for its Baikunthpur,Chhattisgarh branch located in Koriya, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of Bank Of Baroda and look for the branch locator section, then search for Baikunthpur,Chhattisgarh or Koriya to get the exact IFSC Code BARB0BAIKUN.

Mobile Banking App

If you use Bank Of Baroda's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of Baroda and Koriya, then it will provide you proper information.

How to Use IFSC Code BARB0BAIKUN for Online Transfers?

If you have the IFSC Code BARB0BAIKUN for the Baikunthpur,Chhattisgarh branch of Bank Of Baroda in Koriya, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0BAIKUN. 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 BARB0BAIKUN.

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 Baikunthpur,Chhattisgarh in Koriya, it may 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 Baikunthpur,Chhattisgarh, 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 Koriya to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda Baikunthpur,Chhattisgarh Koriya?

The IFSC Code of the Baikunthpur,Chhattisgarh Koriya branch is BARB0BAIKUN.

Is IFSC Code BARB0BAIKUN permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of Baroda Baikunthpur,Chhattisgarh branch?

The branch is located at Plot No. 155/2,Near Jail Road,Front Of Phawara Chowk,Baikunthpur ,Dist ┬Û Korea,Chhattisgarh ┬Û 497335..

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.