BARB0SARDEL is the IFSC code of Bank Of Baroda, that is assigned by the Reserve Bank of India (RBI). This code helps the Indian financial system to transfer funds from bank account numbers in India and internationally like NEFT/RTGS/IMPS
The details above validate that the Bank Of Baroda has its operations in the ├╜rosarb, Delhi branch located at the ├╜11th Floor Bank Of Baroda Building Parliament Street Delhi. This confirms that if you plan on doing a financial transfer, you must be sure of the Bank Of Baroda IFSC code to ensure that the transfer happens without any hassles.
While all of us understand IFSC codes by now, let’s understand MICR code as well. This is termed as Magnetic Ink Character Recognition which is a character recognition technology that helps in processing cheques faster. Bank Of Baroda bank branch has a unique MICR code which helps RBI identify the Bank Of Baroda branch, and speed up the cheque clearing process.
While Bank Of Baroda IFSC is an 11 digit code, MICR is a 9 digit code, and the basic difference between these two codes is that IFSC code is used for Bank Of Baroda online transactions, while MICR is used for Bank Of Baroda offline transactions, like Cheque.
These two aspects are of great importance for Bank Of Baroda financial transaction in both Bank Of Baroda online transactions and Bank Of Baroda offline transactions, and you can choose the one that works well for you.
Uses of ├╜rosarb IFSC Code:
NEFT - National Electronic Fund Transfer. Enables you to electronically transfer funds from your bank account to any other account of the same bank or different bank.
RTGS - Real Time Gross Settlement. Transfer a minimum limit of Rs. 2 lakh.
IMPS - Immediate payment service. Bank account holder can transfer funds 24 x 7 365 days
Online Fund Transfer via NEFT, RTGS and IMPS.