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 Shrirampur branch in Shrirampur, Ahmednagar, 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 Shrirampur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BARA0000031. 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, Shrirampur, Shrirampur
Here are the key points that are associated with the IFSC Code BARA0000031 of The Baramati Sahakari Bank Ltd for its branch located in Shrirampur, within the district of Ahmednagar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Baramati Sahakari Bank Ltd |
| IFSC Code | BARA0000031 |
| Branch | Shrirampur |
| City | Shrirampur |
| District | Ahmednagar |
| State | Maharashtra |
| Address | C.S. No. 1001, Tekawade Building, Shivaji Road, Shrirampur, Dist. Ahemadnagar 413709 |
These details helps users in online banking and for businesses and individuals who use The Baramati Sahakari Bank Ltd in Shrirampur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BARA0000031 for the Shrirampur 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 provided by the Reserve Bank of India. Every bank branch, along with The Baramati Sahakari Bank Ltd located in Shrirampur, Shrirampur, Maharashtra, are given a unique IFSC like BARA0000031 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Shrirampur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Shrirampur and Ahmednagar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Baramati Sahakari Bank Ltd in Shrirampur goes to the correct branch. This is important because The Baramati Sahakari Bank Ltd has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BARA0000031
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 Shrirampur in Shrirampur.
For example, the IFSC Code BARA0000031 of The Baramati Sahakari Bank Ltd for the Shrirampur branch includes these elements, identifying the bank and the branch location in Shrirampur and Maharashtra correctly.
How to Find IFSC Code for The Baramati Sahakari Bank Ltd?
To find the IFSC Code BARA0000031 of The Baramati Sahakari Bank Ltd for its Shrirampur branch located in Shrirampur, the following methods can help you out:
Cheque Book
The cheque book issued by The Baramati Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including The Baramati Sahakari Bank Ltd branches in Shrirampur and Ahmednagar, 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 go to the branch locator section. Then search for Shrirampur or Shrirampur to find the exact IFSC Code BARA0000031.
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 maintains an updated database of all IFSC codes. Searching for The Baramati Sahakari Bank Ltd and Shrirampur will provide accurate information.
How to Use IFSC Code BARA0000031 for Online Transfers?
Once you have the IFSC Code BARA0000031 for the Shrirampur branch of The Baramati Sahakari Bank Ltd in Shrirampur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BARA0000031. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BARA0000031.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Baramati Sahakari Bank Ltd Shrirampur in Shrirampur, your payment can get delayed or might not go through at all.
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 Shrirampur, 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 Shrirampur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BARA0000031.
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 C.S. No. 1001, Tekawade Building, Shivaji Road, Shrirampur, Dist. Ahemadnagar 413709 located in Shrirampur, Ahmednagar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.