IFSC code for Bank of Baroda, Valvod, Anand, Gujarat
Updated on: Friday, November 1, 2024
IFSC CODE
BARB0DBVALV
Bank of Baroda
Valvod, Anand, Gujarat
Address
Main Bazar Valvodtal Borsad Dist Anand Valvod Anand Gujarat 388530
Bank of Baroda
Valvod, Anand, Gujarat
Address
Main Bazar Valvodtal Borsad Dist Anand Valvod Anand Gujarat 388530
Bank Details
IFSC Code
BARB0DBVALV
MICR Code
388012547
Bank Code
(Based on IFSC)
BARB
Bank Code
(Based on MICR)
012
Contact
+910221800223344
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IFSC Code of Bank of Baroda
Every Bank of Baroda branch in India has a unique Bank of Baroda IFSC Code. Bank of Baroda IFSC Code enables Bank of Baroda account holders to send and receive money electronically. Bank of Baroda IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Bank of Baroda IFSC Code BARB0DBVALV
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., BARB, denotes the name of the bank which is Bank of Baroda.
The fifth character is 0.
The last six digits of the code, i.e., DBVALV, represents the branch which is Bank of Baroda
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MICR Code of Bank of Baroda
Every Bank of Baroda branch in India has a unique Bank of Baroda MICR Code. MICR code for Bank of Baroda can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Bank of Baroda. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
