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Bank of Baroda UP IFSC Code List: The Indian Financial System Code is an 11-digit alpha-numeric code that is unique for bank branches that offer online money transfer options. The code is used to identify the bank branch on the National Electronics Funds Transfer (NEFT) network. The code is assigned by the Reserve Bank of India. Any transfer system that’s regulated by the RBI will require the use of an IFSC code. The IFSC code plays a crucial role in transferring funds online. The code helps in identifying the bank and its branch easily without any discrepancy in the money transfer process. bank of Baroda ifsc code list up

In Hindi:

भारतीय वित्तीय प्रणाली कोड एक 11-अंकीय अल्फा-न्यूमेरिक कोड है जो बैंक शाखाओं के लिए अद्वितीय है जो ऑनलाइन धन हस्तांतरण विकल्प प्रदान करते हैं। कोड का उपयोग नेशनल इलेक्ट्रॉनिक्स फंड ट्रांसफर (एनईएफटी) नेटवर्क पर बैंक शाखा की पहचान करने के लिए किया जाता है। कोड भारतीय रिजर्व बैंक द्वारा सौंपा गया है। आरबीआई द्वारा विनियमित किसी भी हस्तांतरण प्रणाली को आईएफएससी कोड के उपयोग की आवश्यकता होगी। IFSC कोड ऑनलाइन फंड ट्रांसफर करने में महत्वपूर्ण भूमिका निभाता है। कोड मनी ट्रांसफर प्रक्रिया में किसी भी विसंगति के बिना बैंक और उसकी शाखा की आसानी से पहचान करने में मदद करता है।

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Bank of Baroda UP IFSC Code List

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What is IFSC?

IFSC code is used by electronic payment system applications such as real-time gross settlement (RTGS), NEFT and Centralised Funds Management System (CFMS). This code is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.

In an IFSC code, the first 4 digits of the IFSC represent the bank and the last 6 characters represent the branch. The 5th character is zero.

For the State Bank of India’s (SBI) 11-digit IFSC code, the first four letters will be ‘SBIN’, and the last 6 digits will represent a specific branch code. For example, the IFSC code of the SBI branch at 23, Himalaya House, Kasturba Gandhi Marg, New Delhi 110001, is SBIN0005943. Here, 005943 is the branch code.

What is MICR?

MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). This enables identification of the cheques and which in turn means faster processing.

A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).

It comprises 3 parts:

• The first three digits represent the city (City Code). They are aligned with the PIN code we use for postal addresses in India.
• The next 3 digits represent the bank (Bank Code)
• The last 3 digits represent the branch (Branch Code)

The MICR code is located on the bottom of a cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank savings account passbook.

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What is MICR code used for?

One is required to mention the MICR code while filing up various financial transaction forms such as investment forms or SIP forms or for transferring funds.

What is the cheque number?

A cheque number is a 6-digit number uniquely assigned to each cheque leaf. It is written on the left-hand side at the bottom of the cheque. It is advisable to check, i.e., count and check the number on each cheque leaf in a new cheque book when you receive it from the bank. This is to ensure that no cheque is missing from the cheque book.

Ideally, you should record the transaction you have used each cheque leaf for in the transaction record slip attached at the start or end of a cheque book. In this record, you should mention the cheque number, date of cheque, amount and payee.

FAQs on Bank of Baroda UP IFSC Code List

Is the IFSC code the same for all branches?

Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. In an IFSC code, the first 4 digits of the IFSC represent the bank and the last 6 characters represent the branch. The 5th character is zero.

Is it 0 in the IFSC code in Bank of Baroda?

The first four characters represent the name of the bank, the fifth digit is 0 and the last six digits denote the branch code of the BOB bank. For example, the IFSC code of Bank of Baroda, Kopri Branch, Thane East is BARB0THAEAS, whereas the IFSC code of Bank of Baroda, Naupada, Thane West is BARB0THANAX.

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How can I get the branch name from the IFSC code?

Type IFSC code to Know the Branch Details of any Bank in India BankIFSCcode.com. Find Branch Details/Address/MICR Code By IFSC Code. Enter 11 character IFSC Code.

What is a generic IFSC code?

For example, SBIN0007483 is an IFSC code one of the branches of the State Bank of India (SBI) uses. The first four characters, SBIN, stand for the bank’s name, while the last six digits (40278) represent the branch of SBI. RBI identifies the beneficiary’s bank to which the transfer has to be made using IFSC.

Can we change the IFSC code?

To change your IFSC code, visit the official website of your bank and register for the new IFSC codes by filling in your details again. In case of confusion, account holders can call on the bank’s toll-free number or reach their personal customer care executive.

Can I transfer money without an IFSC code?

Without the IFSC code, it is not possible to identify bank accounts and thus transfer money between different banks. However, within the same bank, it is still possible to transfer money without an IFSC code