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 Parnera Branch branch in Parnera, Parnera, Gujarat, 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 Parnera or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BARB0PARNER. 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, Parnera Branch, Parnera
The table below shows the main details of the IFSC Code BARB0PARNER for the Bank Of Baroda branch in Parnera, which falls under the Parnera district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0PARNER |
| Branch | Parnera Branch |
| City | Parnera |
| District | Parnera |
| State | Gujarat |
| Address | Parnera Branch,Bunglow No.2, Amisha Coop Hsg.Soc., Opp.Atul 1St Gate,Parnera(Dist.Bulsar),396020 |
These details help users in online banking and for businesses and individuals who use Bank Of Baroda in Parnera for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0PARNER for the Parnera Branch branch of Bank Of Baroda has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Baroda located in Parnera Branch, Parnera, Gujarat, is provided a unique IFSC like BARB0PARNER so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Baroda branch in Parnera.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Parnera and Parnera.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Baroda in Parnera Branch do not get misguided to another person.
Format of the IFSC Code BARB0PARNER
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 Parnera Branch in Parnera.
For example, the IFSC Code BARB0PARNER of Bank Of Baroda for the Parnera Branch branch includes these elements, identifying the bank and the branch location in Parnera and Gujarat correctly.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0PARNER of Bank Of Baroda for its Parnera Branch branch located in Parnera, 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
You can easily find the IFSC and MICR codes because most banks, including Bank Of Baroda branches in Parnera and Parnera, print them 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 Parnera Branch or Parnera to get the exact IFSC Code BARB0PARNER.
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 Parnera, you'll get the correct details.
How to Use IFSC Code BARB0PARNER for Online Transfers?
Once you have the IFSC Code BARB0PARNER for the Parnera Branch branch of Bank Of Baroda in Parnera, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0PARNER. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of Baroda IFSC Code BARB0PARNER.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of Baroda Parnera Branch in Parnera may 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 Parnera Branch, 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 Parnera manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Parnera Branch Parnera branch is BARB0PARNER.
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 Parnera Branch,Bunglow No.2, Amisha Coop Hsg.Soc., Opp.Atul 1St Gate,Parnera(Dist.Bulsar),396020.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.