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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Baramati Sahakari Bank Ltd for its Sinhgad Road branch in Pune, Pune, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Baramati Sahakari Bank Ltd located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000024. 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, Sinhgad Road, Pune
Below in the table are the key details related to IFSC Code BARA0000024 of The Baramati Sahakari Bank Ltd for its branch located in Pune, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000024 |
| Branch | Sinhgad Road |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Fun Time Cinema Building, Sinhgad Road, Vadgaon Bk. 411041 |
These details helps 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 BARA0000024 for the Sinhgad Road branch of The Baramati Sahakari Bank Ltd 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 that is provided by the Reserve Bank of India. A unique IFSC like BARA0000024 is given to every bank branch, including The Baramati Sahakari Bank Ltd located in Sinhgad Road, 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 Sinhgad Road doesn't end up at another location.
Format of the IFSC Code BARA0000024
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 Sinhgad Road in Pune.
For example, the IFSC Code BARA0000024 of The Baramati Sahakari Bank Ltd for the Sinhgad Road branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
If you are trying to find the IFSC Code BARA0000024 of The Baramati Sahakari Bank Ltd for its Sinhgad Road 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
You can easily find the IFSC and MICR codes because most banks, including The Baramati Sahakari Bank Ltd branches in Pune and Pune, print them 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 Sinhgad Road or Pune to get the exact IFSC Code BARA0000024.
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 BARA0000024 for Online Transfers?
Once you have the IFSC Code BARA0000024 for the Sinhgad Road branch of The Baramati Sahakari Bank Ltd in Pune, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARA0000024. 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 BARA0000024.
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 Sinhgad Road in Pune 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 Sinhgad Road, 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 Pune manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sinhgad Road Pune branch is BARA0000024.
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 Fun Time Cinema Building, Sinhgad Road, Vadgaon Bk. 411041.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.