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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of Baroda for its Racecourse Road Rajkot branch in Rajkot, Rajkot, or Gujarat, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of Baroda located in Rajkot or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BARB0DBRACE. 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, Racecourse Road Rajkot, Rajkot
The table below shows the main details of the IFSC Code BARB0DBRACE for the Bank Of Baroda branch in Rajkot, which falls under the Rajkot district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0DBRACE |
| Branch | Racecourse Road Rajkot |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Kishanpara Chowck Race Course Road Rajkot Rajkot Gujarat 360001 |
These details help users in online banking and for businesses and individuals who use Bank Of Baroda in Rajkot for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0DBRACE for the Racecourse Road Rajkot 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BARB0DBRACE is given to every bank branch, including Bank Of Baroda located in Racecourse Road Rajkot, Rajkot, Gujarat, 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 Rajkot.
- 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 Rajkot and Rajkot.
- 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Baroda in Racecourse Road Rajkot doesn't end up at another location.
Format of the IFSC Code BARB0DBRACE
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 Racecourse Road Rajkot in Rajkot.
For example, the IFSC Code BARB0DBRACE of Bank Of Baroda for the Racecourse Road Rajkot branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat correctly.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0DBRACE of Bank Of Baroda for its Racecourse Road Rajkot branch located in Rajkot, 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 Rajkot and Rajkot, 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 Racecourse Road Rajkot or Rajkot to get the exact IFSC Code BARB0DBRACE.
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 Rajkot, you'll get the correct details.
How to Use IFSC Code BARB0DBRACE for Online Transfers?
Once you have the IFSC Code BARB0DBRACE for the Racecourse Road Rajkot branch of Bank Of Baroda in Rajkot, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARB0DBRACE. 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 BARB0DBRACE.
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 Racecourse Road Rajkot in Rajkot 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 Racecourse Road Rajkot, 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 Rajkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0DBRACE.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Kishanpara Chowck Race Course Road Rajkot Rajkot Gujarat 360001 located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.