IFSC Code Bank Of Baroda Lookup: MICR Codes & Addresses for All Bank Of Baroda Branches
Bank of Baroda IFSC Code: Find BOB MICR Code and Branch Address in India
The IFSC code stands for the Indian Financial System Code, an 11-digit alphanumeric code issued by the Reserve Bank of India. This code acts as an identifier for a particular bank branch within the country. As technology increases, the banking systems have also evolved, and almost all the banks are engaged in electronic fund transfers. The IFSC code acts as an important identifier in electronic fund transfers such as NEFT, RTGS, and IMPS, which are used for providing seamless transactions from specific bank branches.
About Bank of Baroda
The Bank of Baroda is one of the popular Indian public government sector banks whose headquarters is situated in Vadodara, Gujarat, and it is the third-largest public sector bank in India. However, the Bank of Baroda was founded by the Maharaja of Vadodara, Sayajirao Gaikwad III, on 20 July 1908 in Gujarat. The Government of India nationalized the Bank of Baroda with 13 other commercial banks on 19 July 1969, and this bank was referred to as a profit-making public sector undertaking.
How to Locate the Bank of Baroda IFSC Code and MICR Code Online?
IFSC and MICR codes of all the banks can easily be found by searching the bank and its branch on any search engine. Moreover, almost all the websites have their IFSC and MICR codes available on their official websites and the website of the Reserve Bank of India. There are various fiscal comparison websites along with third-party finance websites, which help you in providing the ifsc code bob.
How to find the Bank of Baroda IFSC code and MICR code offline?
All the Bank of Baroda account holders are interested in finding the IFSC code and MICR code and can check their checkbooks or passbooks for easy access. These codes are issued by the Reserve Bank of India, and they facilitate smooth and quick transfers of funds from one bank account to another, providing quick access. Without the IFSC code and MICR code, it is not possible to initiate any online banking transaction.
How to transfer money by using NEFT, RTGS, and IMPS?
Bank of Baroda account holders can use the IFSC code to transfer funds through RTGS or NEFT in any bank of India under the authorization of the Reserve Bank of India.
Bank of Baroda NEFT
Bank of Baroda transfers NEFT funds on weekdays from Monday to Saturday. The funds can be received by the beneficiary either on the same day or the next working day. For a smooth NEFT funds transfer, the beneficiary details are necessary to be filled. The process of transferring NEFT funds is mentioned below:
- You have to enter the RTGS/NEFT IFSC code of the beneficiary’s bank.
- Kindly provide the payee's name, the IFSC code, and any other necessary details.
- It is advisable to keep a close check on the data entered as every detail should be accurate
- Please provide the account number and type for the beneficiary.
- The entered beneficiary data will be stored for future use.
- It is necessary to fill in accurate details like mobile number and e-mail ID while transferring money through RTGS/NEFT. The beneficiaries of the Bank of Baroda are provided with a tracker ID on their registered mobile number or e-mail ID for confirmation of the beneficiary.
Beneficiary confirmation:
- Register yourself as a beneficiary.
- You will be provided with a tracker ID on your registered email and mobile number.
- Please click the confirmation link to complete your beneficiary registration.
- Enter the tracker ID.
- Click on the option of 'Submit'.
- All the details of the beneficiary will be provided on your screen.
- Click on the option of 'Approve' after confirming that all the details are correct.
- If you find any wrong details, then click on the delete button and register yourself again.
- A message will pop up on your screen defining whether your application is approved or rejected.
Real Time Gross Settlement System (RTGS)
Real Time Gross Settlement System provides settled transactions if you are a Bank of Baroda beneficiary. The individual has to make all the transactions according to the bank’s rules and regulations. You can transfer funds all across India with the help of RTGS.
Conclusion
IFSC and MICR codes are essential elements of any banking transaction as they help in the smooth transfer of funds. Every bank branch is assigned a unique IFSC code by the Reserve Bank of India. You can easily locate this code in your checkbook or passbook. Additionally, it is necessary for the beneficiary to keep an IFSC code for fund transfers. There are different types of fund transfers like NEFT, RTGS, and IMPS.
FAQs
1. How to know the IFSC code bank of baroda?
You can easily find the IFSC code for the Bank of Baroda by checking the official website of the Reserve Bank of India or by visiting the bank's own website. You can even check your passbook or checkbook as it is also available there.
2. What is the IFSC code for a bank?
The IFSC code is a number that is unique to every bank and widely used for fund transfer from one bank account to another through NEFT, IMPS, and RTGS.
3. Is it possible to find the Bank of Baroda IFSC code online?
You can easily locate the IFSC code for the Bank of Baroda by visiting the bank's official website or checking the Reserve Bank of India's website.
4. Can the Bank of Baroda IFSC code of the two branches be the same?
No, the IFSC code of every Bank of Baroda branch is unique, and this applies to almost all banks.
5. Why is the Bank of Baroda IFSC code required?
While transferring money from one Bank of Baroda account to another, we have to share the IFSC code as it is necessary for online transactions.
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Bank Of Baroda has been oprated in below states