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 Shirwal branch in Shirwal, Satara, 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 Shirwal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000025. 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, Shirwal, Shirwal
Below in the table are the key details related to IFSC Code BARA0000025 of The Baramati Sahakari Bank Ltd for its branch located in Shirwal, within the district of Satara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000025 |
| Branch | Shirwal |
| City | Shirwal |
| District | Satara |
| State | Maharashtra |
| Address | C.S. No. 1031, Taru Complex, Bhoi Galli, Shirwal, Tal. Khandala, Dist. Satara 412801 |
These details are important not only for users using online banking but also for businesses and individuals who use The Baramati Sahakari Bank Ltd in Shirwal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BARA0000025 for the Shirwal branch of The Baramati Sahakari Bank Ltd is vital.
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 Shirwal, Shirwal, Maharashtra, are allotted a unique IFSC like BARA0000025 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Shirwal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Shirwal and Satara.
- 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 Shirwal reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BARA0000025
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 Shirwal in Shirwal.
For example, the IFSC Code BARA0000025 of The Baramati Sahakari Bank Ltd for the Shirwal branch includes these elements, identifying the bank and the branch location in Shirwal and Maharashtra accurately.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
If you are trying to find the IFSC Code BARA0000025 of The Baramati Sahakari Bank Ltd for its Shirwal branch located in Shirwal, 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 Shirwal and Satara, 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 Shirwal or Shirwal to get the exact IFSC Code BARA0000025.
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 Shirwal, you'll get the correct details.
How to Use IFSC Code BARA0000025 for Online Transfers?
Once you have the IFSC Code BARA0000025 for the Shirwal branch of The Baramati Sahakari Bank Ltd in Shirwal, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BARA0000025. 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 BARA0000025.
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 Shirwal in Shirwal, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of The Baramati Sahakari Bank Ltd in Shirwal, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Shirwal to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BARA0000025.
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 C.S. No. 1031, Taru Complex, Bhoi Galli, Shirwal, Tal. Khandala, Dist. Satara 412801 located in Shirwal, Satara, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.