IFSC code for Baramati Sahakari Bank, Phaltan, Satara, Maharashtra
Updated on: Friday, November 1, 2024
IFSC CODE
BARA0000009
Baramati Sahakari Bank
Phaltan, Phaltan, Maharashtra
Address
Prathmesh Heights, Laxminager, Phaltan,dist-satara 415523
Baramati Sahakari Bank
Phaltan, Phaltan, Maharashtra
Address
Prathmesh Heights, Laxminager, Phaltan,dist-satara 415523
Bank Details
IFSC Code
BARA0000009
MICR Code
415606151
Bank Code
(Based on IFSC)
BARA
Bank Code
(Based on MICR)
606
Contact
+912166222777
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IFSC Code of Baramati Sahakari Bank
Every Baramati Sahakari Bank branch in India has a unique Baramati Sahakari Bank IFSC Code. Baramati Sahakari Bank IFSC Code enables Baramati Sahakari Bank account holders to send and receive money electronically. Baramati Sahakari Bank 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 Baramati Sahakari Bank IFSC Code BARA0000009
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., BARA, denotes the name of the bank which is Baramati Sahakari Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000009, represents the branch which is Baramati Sahakari Bank
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MICR Code of Baramati Sahakari Bank
Every Baramati Sahakari Bank branch in India has a unique Baramati Sahakari Bank MICR Code. MICR code for Baramati Sahakari Bank 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 Baramati Sahakari Bank. 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.
