In this article we will provide the information related to the BARODA UP GRAMIN BANK IFSC CODE is BARB0BUPGBX. Further we will explore the IFSC code associated with Bank of Baroda’s branch located in the Baroda Uttar Pradesh Gramin Bank, Head Office, A-1, Civil Lines, Raebareli: 229 001, Uttar Pradesh.
The Regional Rural Banks were created in India under the RRB Act 1976. By Government of India notification no 3837 dated 26.11.2019, Baroda Uttar Pradesh Gramin Bank, Purvanchal Bank, and Kashi Gomti Samyut Gramin Bank merged into Baroda U.P. Bank under Bank of Baroda’s sponsorship, effective April 1, 2020, headquartered in Gorakhpur.
In today’s digital age, financial transactions have become more convenient than ever, thanks to systems like Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and the National Electronic Fund Transfer (NEFT).
These systems rely on a unique identification code called the Indian Financial System Code (IFSC) to facilitate secure and efficient money transfers between banks.
UNDERSTANDING BARODA UP GRAMIN BANK IFSC CODE
The IFSC code is an 11-digit alphanumeric code assigned to each bank branch by the Reserve Bank of India (RBI).
It serves as a unique identifier for a specific bank branch and is essential for processing electronic funds transfer transactions within the country.
Each digit in the IFSC code represents specific information about the bank and its branch, making it easy to route payments accurately.
IFSC Code of Bank of Baroda, Baroda Uttar Pradesh Gramin Bank:
Branch Name: Baroda Uttar Pradesh Gramin Bank, Head Office
Location: A-1, Civil Lines, Raebareli – 229 001, Uttar Pradesh
IFSC Code: BARB0BUPGBX
MICR Code: NA
HOW TO USE THE IFSC CODE BARODA UP GRAMIN BANK IFSC CODE
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Money Transfer:
You can use the IFSC code BARB0BUPGBX to transfer funds electronically to or from Bank of Baroda’s branch located in Baroda Uttar Pradesh Gramin Bank, Raebareli.
Whether you are sending money through IMPS, RTGS, or NEFT, providing the correct IFSC code ensures that your transaction reaches the intended recipient without any delays.
Cheque Transactions
The IFSC code BARB0BUPGBX is printed on the chequebooks issued by Bank of Baroda for its branch in Raebareli.
When writing a cheque for making payments or withdrawals, ensure that you include the correct IFSC code along with the account number and other details.
This helps in processing the cheque accurately and crediting/debiting the respective accounts accordingly.
Online Banking
If you have an account with Bank of Baroda and use online banking services, you may need to enter the IFSC code BARB0BUPGBX when adding a new payee or beneficiary for fund transfers.
This ensures that your bank’s system identifies the correct branch for processing the transactions seamlessly.
ALSO READ: MADHYA BIHAR GRAMIN BANK IFSC CODE
IMPORTANCE OF THE IFSC CODE
The IFSC code plays a crucial role in maintaining the integrity and security of electronic financial transactions.
By providing a unique identification code for each bank branch, the RBI ensures that payments are routed accurately and efficiently between financial institutions.
This minimizes the risk of errors or misrouting of funds, thereby enhancing the reliability and speed of digital payments.
CONCLUSION ON BARODA UP GRAMIN BANK IFSC CODE
The IFSC code BARB0BUPGBX associated with Bank of Baroda’s branch in Baroda Uttar Pradesh Gramin Bank, Raebareli, Uttar Pradesh, is a vital component of the Indian banking system.
Whether you are transferring funds, writing cheques, or conducting online transactions, ensuring the accuracy of the IFSC code is essential for seamless financial transactions.
By understanding the significance of the IFSC code and using it correctly, customers can enjoy the benefits of safe, secure, and efficient electronic payments.