Up Baroda Gramin Bank Ifsc Code

Up Baroda Gramin Bank Ifsc Code

UP Baroda Gramin Bank is a trusted regional rural bank in Uttar Pradesh, providing essential banking services to customers across the state. Whether you’re conducting a fund transfer, making an online payment, or completing other banking transactions, understanding the importance of the IFSC code is crucial. In this topic, we’ll cover all you need to know about the UP Baroda Gramin Bank IFSC code, its significance, and how to use it effectively.

What is an IFSC Code?

The IFSC code, short for Indian Financial System Code, is an alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch in the country. This unique code is essential for electronic fund transfers such as NEFT, RTGS, and IMPS.

  • Format of an IFSC Code:
    An IFSC code consists of 11 characters:

    • The first four characters represent the bank.

    • The fifth character is always ‘0’ (reserved for future use).

    • The last six characters indicate the specific branch.

For example, in the IFSC code BARB0BUPGBX, “BARB” represents Bank of Baroda (the sponsor bank), “0” is a reserved character, and “BUPGBX” identifies the specific UP Baroda Gramin Bank branch.

Significance of the IFSC Code

The IFSC code plays a vital role in ensuring secure and accurate fund transfers. Here’s why it’s important:

  1. Facilitates Electronic Fund Transfers:
    The IFSC code is mandatory for NEFT, RTGS, and IMPS transactions, ensuring the funds reach the intended recipient’s account.

  2. Identifies Specific Branches:
    The code helps identify the exact branch of the bank, reducing the chances of errors during transactions.

  3. Streamlines Digital Payments:
    Online payments, including UPI and third-party transactions, require the IFSC code for smooth processing.

  4. Ensures Secure Transactions:
    Using the correct IFSC code minimizes the risk of fraud and ensures funds are transferred safely.

How to Find the UP Baroda Gramin Bank IFSC Code

Finding the IFSC code for a specific branch of UP Baroda Gramin Bank is simple. Below are the most common ways to locate the code:

1. Check Your Passbook or Cheque Book

The IFSC code is usually printed on the front page of your passbook or on the top of your cheque leaves.

2. Visit the Official Bank Website

UP Baroda Gramin Bank’s official website provides details about branch locations and their respective IFSC codes.

3. Use Online Banking Platforms

Most internet banking portals and mobile banking apps display the IFSC code when you select a specific branch for transactions.

4. Contact Customer Care

If you’re unable to find the IFSC code through the above methods, you can contact UP Baroda Gramin Bank’s customer care for assistance.

How to Use the IFSC Code for Fund Transfers

When transferring money to a UP Baroda Gramin Bank account, you need the following details:

  • Beneficiary’s name

  • Account number

  • IFSC code of the beneficiary’s branch

Here’s how you can use the IFSC code for different types of electronic fund transfers:

1. NEFT (National Electronic Funds Transfer)

NEFT is a secure and widely used method for transferring funds between banks.

  • Log in to your internet banking or mobile banking app.

  • Select "Fund Transfer" and choose the NEFT option.

  • Enter the beneficiary details, including the account number and IFSC code.

  • Confirm the transaction to complete the process.

2. RTGS (Real-Time Gross Settlement)

RTGS is ideal for high-value transactions that require immediate clearing.

  • Follow the same steps as NEFT but choose the RTGS option.

  • Ensure you have the correct IFSC code for instant and accurate processing.

3. IMPS (Immediate Payment Service)

IMPS enables real-time fund transfers 24/7, including holidays.

  • Use the mobile banking app or UPI platform to initiate an IMPS transfer.

  • Provide the IFSC code and other details to complete the transaction.

Common Queries About UP Baroda Gramin Bank IFSC Code

1. Can I Use the Same IFSC Code for Multiple Branches?

No, each branch of UP Baroda Gramin Bank has a unique IFSC code. Make sure to use the correct code for the branch associated with the beneficiary’s account.

2. Is the IFSC Code Required for UPI Transactions?

In most cases, UPI transactions only require the beneficiary’s UPI ID. However, if you’re using UPI to transfer funds to a bank account directly, the IFSC code is needed.

3. What Happens if I Enter the Wrong IFSC Code?

Entering the wrong IFSC code may result in the transaction being declined or funds being sent to the wrong account. Always double-check the code before confirming a transfer.

Benefits of Knowing the UP Baroda Gramin Bank IFSC Code

  1. Faster Transactions:
    Using the correct IFSC code ensures faster processing of fund transfers.

  2. Enhanced Security:
    The unique identification of branches through IFSC codes reduces the risk of errors and fraud.

  3. Simplifies Online Banking:
    Knowing the IFSC code makes online banking and digital payments easier and more efficient.

  4. Essential for Business Transactions:
    Businesses relying on frequent fund transfers benefit from the accuracy provided by IFSC codes.

Examples of UP Baroda Gramin Bank IFSC Codes

Here are some examples of IFSC codes for different branches of UP Baroda Gramin Bank:

  • Barabanki Branch: BARB0BUPGBX

  • Gonda Branch: BARB0BUPGBY

  • Faizabad Branch: BARB0BUPGBZ

(Note: The above codes are hypothetical and for illustrative purposes only.)

Steps to Verify an IFSC Code

To ensure the IFSC code you’re using is accurate, follow these steps:

  1. Cross-Check with the Bank:
    Contact UP Baroda Gramin Bank’s branch or customer care to verify the IFSC code.

  2. Use Online Tools:
    Various online platforms allow you to search for and verify IFSC codes by entering the branch name.

  3. Double-Check Details Before Transactions:
    Always review the beneficiary’s account number and IFSC code before initiating a fund transfer.

The IFSC code is a critical element of modern banking, especially for electronic fund transfers. UP Baroda Gramin Bank ensures each branch has a unique code, making transactions secure and efficient. Whether you’re transferring money via NEFT, RTGS, or IMPS, having the correct IFSC code ensures your funds reach the right destination.

By understanding how to find, use, and verify the UP Baroda Gramin Bank IFSC code, you can confidently perform financial transactions without any hassle. Take advantage of the bank’s customer-centric services and manage your finances with ease.