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 Mohol branch in Mohol, Solapur, 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 Mohol or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000032. 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, Mohol, Mohol
Here are the main details that are associated with the IFSC Code BARA0000032 of The Baramati Sahakari Bank Ltd for its branch located in Mohol, within the district of Solapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000032 |
| Branch | Mohol |
| City | Mohol |
| District | Solapur |
| State | Maharashtra |
| Address | Gat No. 737/2/B/1/A, Kokate Building, Mohol, Dist. Solapur 413213 |
These details help users in online banking and for businesses and individuals who use The Baramati Sahakari Bank Ltd in Mohol for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARA0000032 for the Mohol branch of The Baramati Sahakari Bank Ltd has a very 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 The Baramati Sahakari Bank Ltd located in Mohol, Mohol, Maharashtra, are allotted a unique IFSC like BARA0000032 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mohol.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mohol and Solapur.
- 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 The Baramati Sahakari Bank Ltd in Mohol reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BARA0000032
The format of the IFSC Code for banks, including The Baramati Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Baramati Sahakari Bank Ltd, 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 Mohol in Mohol.
For example, the IFSC Code BARA0000032 of The Baramati Sahakari Bank Ltd for the Mohol branch includes these elements, identifying the bank and the branch location in Mohol and Maharashtra accurately.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
If you are trying to find the IFSC Code BARA0000032 of The Baramati Sahakari Bank Ltd for its Mohol branch located in Mohol, the following methods can help:
Cheque Book
The cheque books that are issued by The Baramati Sahakari Bank Ltd 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 The Baramati Sahakari Bank Ltd branches in Mohol and Solapur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Baramati Sahakari Bank Ltd and find the branch locator section. Search for Mohol or Mohol to get the exact IFSC Code BARA0000032.
Mobile Banking App
If you use The Baramati Sahakari Bank Ltd'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 The Baramati Sahakari Bank Ltd and Mohol that will provide accurate information.
How to Use IFSC Code BARA0000032 for Online Transfers?
If you have the IFSC Code BARA0000032 for the Mohol branch of The Baramati Sahakari Bank Ltd in Mohol, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARA0000032. 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 The Baramati Sahakari Bank Ltd IFSC Code BARA0000032.
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 The Baramati Sahakari Bank Ltd Mohol in Mohol, it may result in delayed or failed transactions.
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 The Baramati Sahakari Bank Ltd in Mohol, 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 The Baramati Sahakari Bank Ltd website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Mohol manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BARA0000032.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Gat No. 737/2/B/1/A, Kokate Building, Mohol, Dist. Solapur 413213 located in Mohol, Solapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.