Bank of Baroda (BOB) IFSC Code is an 11 digit code assigned to each of its branch by the Reserve Bank of India (RBI). This code helps in electronically transfers funds to another individual, corporate or firm.
Below-mentioned are some of the features of BOB IFSC Code:
- It helps in transferring online funds easily
- It helps in identifying transactions of a specific branch
- It ensures there are no errors in the fund transfer process
- It is used for all electronic payment options such as NEFT, RTGS, and IMPS
Bank of Baroda (BOB) IFSC Code Format
|BOB Bank code||Zero||BOB's Branch Code|
The first 4 alphabets of Bank of Baroda IFSC Code i.e. ‘BARB’ represents the ‘Bank Code’ followed by ‘0’ which is same for all the banks. And the last 6 alphabets represent the unique ‘Bank Branch’ as can be seen in the above example ‘BARB0KAROLB’ which is an IFSC Code of Bank of Baroda Karol Bagh branch.
How does Bank of Baroda IFSC Code work?
At the time of making an online transaction, details like account number of the payee, name, IFSC code are required. Once the remitter provides all these details, the funds can be transferred as this IFSC code helps in identifying the correct BOB branch of the beneficiary account.
How to search Bank of Baroda (BOB) IFSC Code & MICR Code?
BOB customers can search for the IFSC & MICR Code for any branch by any of the below-mentioned ways -
1. Bank of Baroda account holders can make use of the online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
- Find the IFSC search tool at the top of this page.
- The default selected bank is Bank of Baroda (BOB), it can be changed to another bank name if required.
- Select the essential information like state and city.
- Now, select the bank branch to check its IFSC code and MICR code.
Alternatively, IFSC and MICR codes for any BOB branch can be found on the following platforms also:
2. Bank account holders can find these details on their bank cheque as shown in the picture below:
- IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code is present at the bottom of the cheque
3. Bank account holders can also check these financial codes on their account passbook issued by the bank.
4. The Reserve Bank of India’s website also provides BOB IFSC Code.
5. Bank customers can also know these codes in the bank’s mobile application or through internet banking after login using the credentials.
How to make fund transfer using Bank of Baroda IFSC Code?
BOB customers can use IFSC code to send money to another person who holds an account in any branch of the same or different bank via a number of ways:
National Electronic Funds Transfer (NEFT) is a fund transfer mode that works on a deferred settlement basis which means the transactions are carried out in batches.
Fund transactions can be carried out via NEFT for which the sender has to provide the following details –
- Beneficiary’s Name
- IFSC code of the Beneficiary Bank Branch
- Account Type
- Account Number
Fund transfers through the Real Time Gross Settlement (RTGS) system occurs on a real-time basis. Customers can make a transaction using RTGS the sender needs to provide the following details –
- Name of the Payee
- Account number
- IFSC Code of the Beneficiary’s Bank Branch
- Amount to be paid
Immediate Payment Services (IMPS) is a real-time instant inter-bank fund transfer system. This service is available 24x7, throughout the year. In order to send money, the sender needs to provide the following details
- Beneficiary’s Account Number
- Account Type
- Bank of Baroda IFSC Code or other bank IFSC Code (Beneficiary’s Bank Branch)
- Beneficiary’s Name
About Bank of Baroda
Founded on July 20th, 1908 Bank of Baroda was founded on July 20th, 1908 and is currently headquartered in Vadodara, Gujarat. It serves over 127 million customers across 21 countries and offers banking products to meet the banking needs of its customers.