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 Panposh,Rourkela,Orissa branch in Sundargarh, Raurkela, Odisha, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BARB0PANROU. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of Baroda, Panposh,Rourkela,Orissa, Sundargarh
Below in the table are the key details related to IFSC Code BARB0PANROU of Bank Of Baroda for its branch located in Sundargarh, within the district of Raurkela in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of Baroda |
| IFSC Code | BARB0PANROU |
| Branch | Panposh,Rourkela,Orissa |
| City | Sundargarh |
| District | Raurkela |
| State | Odisha |
| Address | 1St Floor,Shivani Complex,Panposh Road,Sundergarh,Rourkela,Orissa ┬Û 769004. |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Baroda in Sundargarh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARB0PANROU for the Panposh,Rourkela,Orissa 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Baroda located in Panposh,Rourkela,Orissa, Sundargarh, Odisha, is provided a unique IFSC like BARB0PANROU so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Baroda branch in Sundargarh.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Sundargarh and Raurkela.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Baroda in Panposh,Rourkela,Orissa do not get misguided to another person.
Format of the IFSC Code BARB0PANROU
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 Panposh,Rourkela,Orissa in Sundargarh.
For example, the IFSC Code BARB0PANROU of Bank Of Baroda for the Panposh,Rourkela,Orissa branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha accurately.
How to Find IFSC Code for Bank Of Baroda?
If you are looking for the IFSC Code BARB0PANROU of Bank Of Baroda for its Panposh,Rourkela,Orissa branch located in Sundargarh, the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of Baroda includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of Baroda branches in Sundargarh and Raurkela, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of Baroda and look for the branch locator section, then search for Panposh,Rourkela,Orissa or Sundargarh to get the exact IFSC Code BARB0PANROU.
Mobile Banking App
If you use Bank Of Baroda's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of Baroda and Sundargarh, then it will provide you proper information.
How to Use IFSC Code BARB0PANROU for Online Transfers?
Once you have the IFSC Code BARB0PANROU for the Panposh,Rourkela,Orissa branch of Bank Of Baroda in Sundargarh, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BARB0PANROU. 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 BARB0PANROU.
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 Panposh,Rourkela,Orissa in Sundargarh, your payment can get delayed or might not go through at all.
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 Panposh,Rourkela,Orissa, 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 Sundargarh manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BARB0PANROU.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 1St Floor,Shivani Complex,Panposh Road,Sundergarh,Rourkela,Orissa ┬Û 769004. located in Sundargarh, Raurkela, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.