Transfer Your Money Online with Bank of Baroda

Bank of Baroda is one of the most popular public sector banks in the country. The bank has been offering financial products and services to customers not just across various parts of India but also to overseas customers. Like almost all forerunning banks of the country, Bank of Baroda too offers online banking facility to its customers. One of the primary features of internet banking platforms is the ability to transfer funds to and from various other accounts both, interbank as well as intra-bank. IFSC code or the Indian Financial System Code is a code that is required to transfer funds from one bank account to another.

Different branches across different locations have their own unique IFSC codes. IFSC codes are structured in a particular format and the various characters that comprise the code signify different things. IFSC code helps not only in identifying the bank branch but also in electronic transfer of funds from one bank account to another. IFSC is a good way of ensuring that the online transaction between two banking entities is smooth and error-free. This also helps banks to keep a track of transactions carried out with various other banks.

Let us take an example of Bank of Baroda IFSC code.

BARB0BASAVA is the IFSC code for a Bank of Baroda branch in Basavanagudi, Bangalore. The first 4 characters BARB stand for the name of the bank, the fifth character is “0” which is the same for all IFSC codes for all banks in India. The sixth-eleventh character stand for the branch code whose IFSC it is. Generally, all banks have digits as their branch code but Bank of Baroda has assigned alphabets for its bank branches.

IFSC codes are required to transfer money through RTGS, NEFT and IMPS modes.

How to find IFSC code for Bank of Baroda branch?

One standard way to find out the IFSC code for any Bank of Baroda branch is to look it up in your savings account or current account cheque book. Generally, the first page of your cheque book will have the IFSC mentioned clearly. Alternatively, you can visit any of the bank branches and get information on the required IFSC code. The easiest way however is to login to the Bank of Baroda website and look for the page that hosts the IFSC code for all Bank of Baroda branches across the country. There also, are several third-party websites which host information on IFSC codes of various banks, however, this information is not necessarily accurate and should always be cross-checked with the official source. You can also call up the customer care number of Bank of Baroda and enquire about the IFSC code of the branch of your choice.

Recently, in the year 2012, all banks in India were directed by the central bank RBI to print the IFSC & MICR code on the cheque books issued by banks to customers.