What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Bank Of Baroda Santoshi Nagar,raipur Raipur Branch IFSC/MICR Code Details
Bank Name BANK OF BARODA
Address ORBIT COMPLEX,SUNDER NAGAR CHOUWK,RAIPUR,DIST RAIPUR,CHHATTISGARH 492001.
State CHANDIGARH
District RAIPUR
Branch SANTOSHI NAGAR,RAIPUR
IFSC Code BARB0SANRAI
Branch Code SANRAI (Last six characters of IFSC code represent Branch code.)
MICR Code 492012013
Contact Phone 1800223344
via https://bankingzone.in/ifsc

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