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 Mukhed,mh Nanded Branch IFSC/MICR Code Details
Bank Name BANK OF BARODA
Address NAGESH NIWAR NARS ROAD,MUKHED,DIST NANDED,MAHARASHTRA 431712
State MAHARASHTRA
District NANDED
Branch MUKHED,MH
IFSC Code BARB0MUKHED
Branch Code MUKHED (Last six characters of IFSC code represent Branch code.)
MICR Code 431012506
Contact Phone 1800223344
via https://bankingzone.in/ifsc

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