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 Palakonda branch in Srikakulam, Palakonda, Andhra 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 Srikakulam or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code BARB0VJPASR. 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, Palakonda, Srikakulam
Here are the key points that are associated with the IFSC Code BARB0VJPASR of Bank Of Baroda for its branch located in Srikakulam, within the district of Palakonda in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0VJPASR |
| Branch | Palakonda |
| City | Srikakulam |
| District | Palakonda |
| State | Andhra Pradesh |
| Address | Main Road, , M.M. Nagar , Palakonda , Palakonda , 532440 |
These details helps users in online banking and for businesses and individuals who use Bank Of Baroda in Srikakulam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0VJPASR for the Palakonda 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 Palakonda, Srikakulam, Andhra Pradesh, are given a unique IFSC like BARB0VJPASR to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Srikakulam.
- 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 Srikakulam and Palakonda.
- 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 Palakonda goes to the correct branch. This is important because Bank Of Baroda has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BARB0VJPASR
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 Palakonda in Srikakulam.
For example, the IFSC Code BARB0VJPASR of Bank Of Baroda for the Palakonda branch has these elements, identifying the bank and the branch location in Srikakulam and Andhra Pradesh correctly.
How to Find IFSC Code for Bank Of Baroda?
If you are trying to find the IFSC Code BARB0VJPASR of Bank Of Baroda for its Palakonda branch located in Srikakulam, 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 Srikakulam and Palakonda, 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 Palakonda or Srikakulam to get the exact IFSC Code BARB0VJPASR.
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 Srikakulam that will provide accurate information.
How to Use IFSC Code BARB0VJPASR for Online Transfers?
Once you have the IFSC Code BARB0VJPASR for the Palakonda branch of Bank Of Baroda in Srikakulam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BARB0VJPASR. The transfer is completed in batches instead of instantly. It is useful for both 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 BARB0VJPASR.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Baroda Palakonda in Srikakulam, your payment can get delayed or might not go through at all.
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 Palakonda, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Srikakulam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0VJPASR.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Main Road, , M.M. Nagar , Palakonda , Palakonda , 532440 located in Srikakulam, Palakonda, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.