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 The Baramati Sahakari Bank Ltd for its Bhigwan branch in Bhigwan, Pune, 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 The Baramati Sahakari Bank Ltd located in Bhigwan or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000003. 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 The Baramati Sahakari Bank Ltd, Bhigwan, Bhigwan
The table below shows the main details of the IFSC Code BARA0000003 for the The Baramati Sahakari Bank Ltd branch in Bhigwan, which falls under the Pune district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000003 |
| Branch | Bhigwan |
| City | Bhigwan |
| District | Pune |
| State | Maharashtra |
| Address | Main Road At Post Bhigwan Tal. Indapur-413105 Dist.Pune |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Baramati Sahakari Bank Ltd in Bhigwan for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARA0000003 for the Bhigwan branch of The Baramati Sahakari Bank Ltd 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, including The Baramati Sahakari Bank Ltd located in Bhigwan, Bhigwan, Maharashtra, is provided with a unique IFSC like BARA0000003 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Baramati Sahakari Bank Ltd branch in Bhigwan.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bhigwan and Pune.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Baramati Sahakari Bank Ltd in Bhigwan do not get mixed with another location.
Format of the IFSC Code BARA0000003
This is the format of the IFSC Code for banks, including The Baramati Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Baramati Sahakari Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bhigwan in Bhigwan.
For example, the IFSC Code BARA0000003 of The Baramati Sahakari Bank Ltd for the Bhigwan branch includes these elements, identifying the bank and the branch location in Bhigwan and Maharashtra accurately.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
If you are trying to find the IFSC Code BARA0000003 of The Baramati Sahakari Bank Ltd for its Bhigwan branch located in Bhigwan, the following methods can help:
Cheque Book
The cheque book issued by The Baramati Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including The Baramati Sahakari Bank Ltd branches in Bhigwan and Pune, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of The Baramati Sahakari Bank Ltd and navigate to the branch locator section. Search for Bhigwan or Bhigwan to get the exact IFSC Code BARA0000003.
Mobile Banking App
If you use The Baramati Sahakari Bank Ltd'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 The Baramati Sahakari Bank Ltd and Bhigwan, you'll get the correct details.
How to Use IFSC Code BARA0000003 for Online Transfers?
Once you have the IFSC Code BARA0000003 for the Bhigwan branch of The Baramati Sahakari Bank Ltd in Bhigwan, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARA0000003. 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 The Baramati Sahakari Bank Ltd IFSC Code BARA0000003.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Baramati Sahakari Bank Ltd Bhigwan in Bhigwan 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 The Baramati Sahakari Bank Ltd in Bhigwan, 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 The Baramati Sahakari Bank Ltd website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Bhigwan manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhigwan Bhigwan branch is BARA0000003.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Main Road At Post Bhigwan Tal. Indapur-413105 Dist.Pune.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.