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 Modnimb, Dist.Solapur, Maharashtra branch in Solapur, Modnimb, or Maharashtra, 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 Solapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARB0MODNIM. 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, Modnimb, Dist.Solapur, Maharashtra, Solapur

Here are the key points that are associated with the IFSC Code BARB0MODNIM of Bank Of Baroda for its branch located in Solapur, within the district of Modnimb in the state of Maharashtra.

Particulars Details
Bank Bank Of Baroda
IFSC Code BARB0MODNIM
Branch Modnimb, Dist.Solapur, Maharashtra
City Solapur
District Modnimb
State Maharashtra
Address Yadav Bldg.,Modnimb, Tal Madha, Dist.Solapur, Maharashtra - 413 301.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Baroda in Solapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARB0MODNIM for the Modnimb, Dist.Solapur, Maharashtra branch of Bank Of Baroda is vital.

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 Modnimb, Dist.Solapur, Maharashtra, Solapur, Maharashtra, are allotted a unique IFSC like BARB0MODNIM to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Solapur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Solapur and Modnimb.
  • 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 Modnimb, Dist.Solapur, Maharashtra reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code BARB0MODNIM

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 Modnimb, Dist.Solapur, Maharashtra in Solapur.

For example, the IFSC Code BARB0MODNIM of Bank Of Baroda for the Modnimb, Dist.Solapur, Maharashtra branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra accurately.

How to Find IFSC Code for Bank Of Baroda?

If you are trying to find the IFSC Code BARB0MODNIM of Bank Of Baroda for its Modnimb, Dist.Solapur, Maharashtra branch located in Solapur, 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

Most banks, including Bank Of Baroda branches in Solapur and Modnimb, print the IFSC and MICR codes 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 Modnimb, Dist.Solapur, Maharashtra or Solapur to get the exact IFSC Code BARB0MODNIM.

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 Solapur, you'll get the correct details.

How to Use IFSC Code BARB0MODNIM for Online Transfers?

Once you have the IFSC Code BARB0MODNIM for the Modnimb, Dist.Solapur, Maharashtra branch of Bank Of Baroda in Solapur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BARB0MODNIM. 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 BARB0MODNIM.

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 Modnimb, Dist.Solapur, Maharashtra in Solapur 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 Modnimb, Dist.Solapur, Maharashtra, 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 Solapur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Baroda Modnimb, Dist.Solapur, Maharashtra Solapur?

The IFSC Code of the Modnimb, Dist.Solapur, Maharashtra Solapur branch is BARB0MODNIM.

Is IFSC Code BARB0MODNIM 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 Modnimb, Dist.Solapur, Maharashtra branch?

The branch is located at Yadav Bldg.,Modnimb, Tal Madha, Dist.Solapur, Maharashtra - 413 301..

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.