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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The Baramati Sahakari Bank Ltd Phaltan Satara Branch IFSC/MICR Code Details
Bank Name THE BARAMATI SAHAKARI BANK LTD
Address PRATHMESH HEIGHTS, LAXMINAGER, PHALTAN,DIST-SATARA 415523
State MAHARASHTRA
District SATARA
Branch PHALTAN
IFSC Code BARA0000009
Branch Code 000009 (Last six characters of IFSC code represent Branch code.)
MICR Code 415606151
Contact Phone 222777
via https://bankingzone.in/ifsc

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