Following are the IFSC Code Details of Ludhiana Branch Bank of Baroda Ludhiana BARB0VJMLUD

Which Bank IFSC Code is BARB0VJMLUD?

IFSC Code BARB0VJMLUD belongs to Branch Name: M S M E Ludhiana of Bank of Baroda located at No354, Bhagwati Towers , R K Machine Tools Road , Industrial Area A , Ludhiana , 141003

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-digit alphanumeric code that uniquely identifies every bank branch in India that participates in online money transfer systems. It works as a crucial address for ensuring smooth and accurate electronic fund transfers. It acts as a crucial address for ensuring accurate electronic fund transfers.

Structure of an IFSC Code:

First 4 characters: Bank’s name (e.g., HDFC, SBI, ICICI)
5th character: Always 0 (zero)
Last 6 characters: Specific branch of the bank

Uses of IFSC Codes:

Online money transfers: NEFT, RTGS, and IMPS all require IFSC codes to specify the recipient’s bank branch.
Cheque clearance: Used for faster cheque clearance processes.
Linking bank accounts: Linking accounts for mutual funds, loan repayments, etc., often involves IFSC codes.

How to Find Your IFSC Code:

Cheque book: Printed at the top of the cheque leaf.

Bank passbook: Printed on the front page.

Bank website/app: Available in your account information.

Third-party websites: Several websites offer IFSC code search features.

Bank branch: Visit your branch for assistance.

Common Questions:

Do all bank branches have IFSC codes?

No, only those participating in online money transfer systems have IFSC codes.

Can I use the same IFSC code for all transfer types?

Yes, the IFSC code remains constant for NEFT, RTGS, and IMPS.

What happens if I enter an incorrect IFSC code?

The transfer may be delayed or returned, so double-check the code before initiating a transaction.

Can I find IFSC codes for international banks?

No, IFSC codes are specific to Indian banks. For international transfers, you’ll need SWIFT codes.

Additional Information:

IFSC codes are issued by the Reserve Bank of India (RBI).
They are essential for smooth and secure electronic fund transfers in India.
Always verify the IFSC code with the recipient before initiating a transfer to avoid errors or delays.

About Bank of Baroda:

Founded in 1908 by the Maharaja of Baroda, Sayajirao Gaekwad III, Bank of Baroda (BoB) has grown into a major financial institution with a rich heritage and a global presence.

Here are some of the key features of Bank of Baroda:

• Humble Beginnings: The bank started in a small building in Baroda, Gujarat, and has since expanded to over 9,449 branches across India and 100 branches/offices subsidiaries spanning 21 countries.
• Merging for Growth: In 2019, BoB merged with Vijaya Bank and Dena Bank, solidifying its position as one of India’s largest banks.
• Financial Strength: With a total business of over US$218 billion and 153 million customers, BoB remains a trusted financial partner for millions across the globe.