There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Baroda for its Pritam Nagar branch in Ratlam, Ratlam, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Baroda situated in Ratlam or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BARB0DBPRIT. You should 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, Pritam Nagar, Ratlam

Here are the main details that are associated with the IFSC Code BARB0DBPRIT of Bank Of Baroda for its branch located in Ratlam, within the district of Ratlam in the state of Madhya Pradesh.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0DBPRIT
Branch Pritam Nagar
City Ratlam
District Ratlam
State Madhya Pradesh
Address Coshri Purshottam Sharmavill Pritam Nagar Dist Ratlam Ratlam Ratlam Madhya Pradesh 457001

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Baroda in Ratlam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0DBPRIT for the Pritam Nagar branch of Bank Of Baroda has an important 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 Pritam Nagar, Ratlam, Madhya Pradesh, are given a unique IFSC like BARB0DBPRIT to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ratlam.
  • 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 Ratlam and Ratlam.
  • 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 Pritam Nagar goes to the correct branch. This is important because Bank Of Baroda has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BARB0DBPRIT

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): These represent the bank code. In Bank Of Baroda, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Pritam Nagar in Ratlam.

For example, the IFSC Code BARB0DBPRIT of Bank Of Baroda for the Pritam Nagar branch has these elements, identifying the bank and the branch location in Ratlam and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of Baroda?

To find the IFSC Code BARB0DBPRIT of Bank Of Baroda for its Pritam Nagar branch located in Ratlam, 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 Ratlam and Ratlam, 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 Pritam Nagar or Ratlam to find the exact IFSC Code BARB0DBPRIT.

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 Ratlam will provide accurate information.

How to Use IFSC Code BARB0DBPRIT for Online Transfers?

If you have the IFSC Code BARB0DBPRIT for the Pritam Nagar branch of Bank Of Baroda in Ratlam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0DBPRIT. 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 BARB0DBPRIT.

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 Pritam Nagar in Ratlam, it may 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 Pritam Nagar, 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 Ratlam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda in Pritam Nagar, Ratlam?

The IFSC Code is BARB0DBPRIT.

Is the IFSC Code BARB0DBPRIT permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Baroda Pritam Nagar?

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

What is the full address of the Pritam Nagar branch?

The address of the branch is Coshri Purshottam Sharmavill Pritam Nagar Dist Ratlam Ratlam Ratlam Madhya Pradesh 457001 located in Ratlam, Ratlam, Madhya Pradesh.

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.

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