The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Baramati Sahakari Bank Ltd for its Bhosari branch in Pune, Pune, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Baramati Sahakari Bank Ltd located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000023. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Baramati Sahakari Bank Ltd, Bhosari, Pune
The table below shows the main details of the IFSC Code BARA0000023 for the The Baramati Sahakari Bank Ltd branch in Pune, which falls under the Pune district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000023 |
| Branch | Bhosari |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Bhamburdekar Plaza, Serve No. 232/1/3 Pune-Nashik Highway, Chandani Chowk, Bhosari, Pune. 411039 |
These details help users in online banking and for businesses and individuals who use The Baramati Sahakari Bank Ltd in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARA0000023 for the Bhosari 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 that is provided by the Reserve Bank of India. A unique IFSC like BARA0000023 is given to every bank branch, including The Baramati Sahakari Bank Ltd located in Bhosari, Pune, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Baramati Sahakari Bank Ltd branch in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Pune and Pune.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Baramati Sahakari Bank Ltd in Bhosari doesn't end up at another location.
Format of the IFSC Code BARA0000023
The format of the IFSC Code for banks, including The Baramati Sahakari Bank Ltd, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Baramati Sahakari Bank Ltd, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Bhosari in Pune.
For example, the IFSC Code BARA0000023 of The Baramati Sahakari Bank Ltd for the Bhosari branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
If you are trying to find the IFSC Code BARA0000023 of The Baramati Sahakari Bank Ltd for its Bhosari branch located in Pune, 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 Pune 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 Bhosari or Pune to get the exact IFSC Code BARA0000023.
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 Pune, you'll get the correct details.
How to Use IFSC Code BARA0000023 for Online Transfers?
Once you have the IFSC Code BARA0000023 for the Bhosari branch of The Baramati Sahakari Bank Ltd in Pune, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARA0000023. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Baramati Sahakari Bank Ltd IFSC Code BARA0000023.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Baramati Sahakari Bank Ltd Bhosari in Pune, it can 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 Bhosari, 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 Pune manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BARA0000023.
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 Bhamburdekar Plaza, Serve No. 232/1/3 Pune-Nashik Highway, Chandani Chowk, Bhosari, Pune. 411039 located in Pune, Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.