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 Chaibasa,Jharkand branch in Paschimi Singhbhum, Paschimi Singhbhum, Jharkhand, 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 Paschimi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BARB0DBCHAI. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Baroda, Chaibasa,Jharkand, Paschimi Singhbhum

Here are the main details that are associated with the IFSC Code BARB0DBCHAI of Bank Of Baroda for its branch located in Paschimi Singhbhum, within the district of Paschimi Singhbhum in the state of Jharkhand.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0DBCHAI
Branch Chaibasa,Jharkand
City Paschimi Singhbhum
District Paschimi Singhbhum
State Jharkhand
Address 1St Floor Behind Hero Honda Show Room Mainroadsadar Bazarchaibasa Distwest Singhbhum Chaibasa Pashchimi Singhbhum Jharkhand 833201

These details helps users in online banking and for businesses and individuals who use Bank Of Baroda in Paschimi Singhbhum for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0DBCHAI for the Chaibasa,Jharkand 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of Baroda located in Chaibasa,Jharkand, Paschimi Singhbhum, Jharkhand, are allotted a unique IFSC like BARB0DBCHAI to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Paschimi Singhbhum.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Paschimi Singhbhum and Paschimi Singhbhum.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of Baroda in Chaibasa,Jharkand reaches the right place, even though there are thousands of branches in Jharkhand and across India.

Format of the IFSC Code BARB0DBCHAI

The format of the IFSC Code for banks, including Bank Of Baroda, follows 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 Chaibasa,Jharkand in Paschimi Singhbhum.

For example, the IFSC Code BARB0DBCHAI of Bank Of Baroda for the Chaibasa,Jharkand branch includes these elements, identifying the bank and the branch location in Paschimi Singhbhum and Jharkhand accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are trying to find the IFSC Code BARB0DBCHAI of Bank Of Baroda for its Chaibasa,Jharkand branch located in Paschimi Singhbhum, 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 Paschimi Singhbhum and Paschimi Singhbhum, 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 Chaibasa,Jharkand or Paschimi Singhbhum to get the exact IFSC Code BARB0DBCHAI.

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 Paschimi Singhbhum that will provide accurate information.

How to Use IFSC Code BARB0DBCHAI for Online Transfers?

If you have the IFSC Code BARB0DBCHAI for the Chaibasa,Jharkand branch of Bank Of Baroda in Paschimi Singhbhum, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0DBCHAI. 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 BARB0DBCHAI.

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 Chaibasa,Jharkand in Paschimi Singhbhum, it 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 Chaibasa,Jharkand, 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 Paschimi Singhbhum manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda in Chaibasa,Jharkand, Paschimi Singhbhum?

The IFSC Code is BARB0DBCHAI.

Is the IFSC Code BARB0DBCHAI permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Baroda Chaibasa,Jharkand?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Chaibasa,Jharkand branch?

The address of the branch is 1St Floor Behind Hero Honda Show Room Mainroadsadar Bazarchaibasa Distwest Singhbhum Chaibasa Pashchimi Singhbhum Jharkhand 833201 located in Paschimi Singhbhum, Paschimi Singhbhum, Jharkhand.

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.