Find Baroda Gujarat Gramin Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.
Before the digitalization of banking, people had very little or no access to banks. However, the scenario has completely changed now. As a result, you need the Baroda Gujarat Gramin Bank IFSC Code to process an online transfer from one bank to another.
Issued only by the Reserve Bank of India (RBI) to the banks and their branches, this IFSC code is a unique combination of alphabets and digits. It comprises a total of 11 individual numbers that are different for each bank and its branches in PAN India.
Hence, every bank across India, irrespective of its category, has a different IFSC code, and so does the Baroda Gujarat Gramin Bank. The primary use of the IFSC code is to process online money transfers from one bank to another using either NEFT, IMPS, or RTGS.
Since it's unique for each bank, it helps in locating the exact bank and its branch. Similar to the IFSC code, there is another code known as MICR code that comes in handy for online funds transfer. It helps with the identification of cheques and clearing payments.
As we advance, find more on Baroda Gujarat Gramin Bank IFSC Code, MICR code, and how they can help you.
The Baroda Gujarat Gramin Bank IFSC Code is a combination of 11 digits and alphabets. It stands for Indian Financial System Code and is only issued by the Reserve Bank of India to each bank and its various branches across India.
If you want to transfer money online from your bank account to another account, you need this IFSC code. Without it, you cannot process any online transaction using any service such as IMPS, NEFT, or RTGS. To sum up, your Baroda Gujarat Gramin Bank IFSC Code is important for secure paperless transactions.
Let's break down its structure for a better understanding:
Out of the 11 digits of the code, the first four digits represent the bank's name. The fifth digit is preserved for future use and is always zero. The last six digits of the Baroda Gujarat Gramin Bank IFSC Code stand for the bank's branch. Here's a quick example of an IFSC code.
The Baroda Gujarat Gramin Bank, Chandkheda branch Ahmedabad IFSC code is BKDNO700000. In this, the first four digits (BARB) represent the name of the bank. The fifth digit is zero (0). Lastly, the last six digits (BGGBXX) denote the branch code.
In a nutshell, an 11 digit alphanumeric code, the IFSC code, is a vital piece of information to process an online money transfer to any part of the country.
Similar to the IFSC code, there is another helpful code you can use to send money online through your Baroda Gujarat Gramin Bank. It's the MICR code and stands for "Magnetic Ink Character Recognition."
Unlike the IFSC code, which comprises 11 digits, the MICR code consists of nine numbers printed on the cheque books and bank statements using the magnetic ink character recognition technology.
The magnetic ink character recognition technology simplifies the process of money transfer through cheques. Another valuable aspect of the MICR code is that it is required for identifying and verifying cheques.
Let's consider an example of Baroda Gujarat Gramin Bank MICR code for better understanding.
The MICR code of the Bharuch branch of the Baroda Gujarat Gramin Bank is 392459001. In this, the first three digits (392) stand for the city code of Baroda Gujarat Gramin Bank. The next three digits (459) represent the bank's code, while the last three (001) denote the branch code.
To sum up, the MICR code holds as much value as the IFSC code when it comes to transferring money online. You can find your MICR code in your online bank statements and cheque leaves.
The Baroda Gujarat Gramin Bank offers multiple online money transfer services such as NEFT, RTGS, and IMPS to all its customers. All these services are cost-effective and time-saving.
However, you need the IFSC and MICR code of your and the receiver's account to use the above-mentioned services. In case you forgot them or don't know, no need to worry.
Here are the top and easiest ways to know these codes and other banking-related information for a smooth online money transfer in a few clicks from your home:
One of the easiest and quickest ways to find every minute information related to your bank account is the Find Your Bank website. This is an easy-to-use website, making it very easy to use and collect all required information in no time.
To use the site to find your IFSC and MICR code, you will need the following pieces of information:
On the site's home page, select the above details under their respective sections and press "Enter." If all the entries are correct and valid, the site will present you with all the available information based on your entries, including the IFSC and MICR code.
If you don't want to use their website, Find Your Bank has their mobile application. You just need to follow the above same procedure on the application.
Another easy way to know your Baroda Gujarat Gramin Bank IFSC code and MICR code is through your bank documents. These codes can easily be found on your bank statements, cheques, passbooks, and the like.
The Reserve Bank of India (RBI) website is another good location to find your Baroda Gujarat Gramin Bank IFSC code as well as MICR code in a few clicks.
If you have signed up for the mobile or net banking facilities of the Baroda Gujarat Gramin Bank, you can find your IFSC and MICR code from the online portal. To do so, you need to simply login into your net or mobile banking portal and head to your profile section to find your details, including your IFSC and MICR code.
Under rare circumstances, if none of the above methods works for you, leaving you still searching for your IFSC and MICR code, here is the last resort. You can contact your bank over their customer care for your query.
No matter whether you are sending or receiving money from another account, it used to take days to get credited with or without issues in the earlier times. Thanks to the evolution of the Indian banking sector, there is nothing of such kind people have to witness, especially in rural areas.
For example, the Baroda Gujarat Gramin Bank is one of those banks that provides quick money transfer services, namely, NEFT, IMPS, and RTGS. Let's discuss each of these services below.
The full form of NEFT is National Electronic Funds Transfer. It was initiated by the Reserve Bank of India to let people seamlessly transfer money online from one account to another. In the NEFT transfer, the money transfer takes place electronically.
Hence, it is one of the fastest methods of online transfers. Furthermore, it is cost-effective at the same time. In India, almost all banks have the NEFT facility. You can access the facility through your mobile as well. Below are the details of the Baroda Gujarat Gramin Bank NEFT transfer:
|Up to Rs. 10,000||Rs. 2.5 per transaction|
|Up to Rs. 1 lakh||Rs. 5 per transaction|
|Rs. 1 lakh to Rs. 2 lakh||Rs. 15 per transaction|
|Above Rs. 2 lakhs||Rs. 25 per transaction|
The Baroda Gujarat Gramin Bank's NEFT facility has no minimum or maximum limits. However, you should use the NEFT facility for low to medium range transfers due to security reasons, according to the RBI.
The NEFT service of the Baroda Gujarat Gramin Bank is available throughout the year. Also, all the transactions in NEFT are settled in batches. To use the NEFT service of Baroda Gujarat Gramin Bank, you will need the following information:
After NEFT, RTGS, or Real-Time Gross Settlement is another quick way to transfer money online. In RTGS, the money transfer takes place in real-time. Hence, it is the fastest possible interbank money transfer facility.
Below are the transfer details for using the RTGS service of Baroda Gujarat Gramin Bank.
|Time of settlement at the RBI||Transaction details||Charges|
|From 9 AM to 12 PM||Rs. 2 lakhs to Rs. 5 lakhs & Rs. 5 lakhs Above||Rs. 25 and Rs. 51 respectively|
|From 12 PM to 3:30 PM||Rs. 2 lakhs to Rs. 5 lakhs & Above Rs. 5 lakhs||Rs. 26 and Rs. 52 respectively|
|From 3:30 PM to 4:30 PM||Rs. 2 lakh to Rs. 5 lakh||Rs. 31|
In RTGS, there is a minimum limit of Rs. 2 lakh; however, there is no maximum limit. Hence, the RTGS service is only valid for bigger online transactions as they can't be undone.
You can use the RTGS facility of the Baroda Gujarat Gramin Bank from 9 AM to 4:30 PM on a weekday and on Saturdays from 9 AM to 2 PM. To use the RTGS service of Baroda Gujarat Gramin Bank, you will need the following information:
IMPS stands for Immediate Payment Service. It was launched by the National Payment Corporation of India. As the name suggests, it is the fastest method of money transfer where a transaction happens within a few seconds.
Below are the transfer details for using the IMPS service of Baroda Gujarat Gramin Bank:
|Up to Rs. 1 lakh||Rs. 5 per transaction|
|Rs. 1 lakh to Rs. 2 lakh||Rs. 15 per transaction|
The IMPS service of the bank is available 24/7 and 365 days for a minimum transfer of Re. 1 and a maximum transfer of Rs. 2 lakh. To use Baroda Gujarat Gramin Bank's IMPS service, you will need the following information:
Established with the mission of providing cheap and high-quality banking services to the rural people, the Baroda Gujarat Gramin Bank has a total of 488 branches across the 22 districts. It has its deep roots in North, South, and Central Gujarat.
Today, the Baroda Gujarat Gramin Bank offers a multitude of facilities such as NEFT, IMPS, RTGS, UPI, loans, business loans, and many more to its customers. Furthermore, it has provisions for various government schemes as well.
Yes, the Baroda Gujarat Gramin Bank is a government bank. It falls under the Ministry of Finance (MoF), Government of India. It was set up to provide cheap and high-quality banking services in the rural areas of North, South, and Central Gujarat.
You can check your balance in Baroda Gujarat Gramin through multiple ways, such as their official website, net banking, mobile banking, and their customer care number. Note that you will have to give all the required information for the same.
You can register your mobile number in Baroda Gujarat Gramin Bank through their website, by calling their customer care executive, or by net or mobile banking portal.