IFSC Code, MICR Codes for BANK OF BARODA in TAMIL NADU - CHENNAI - CHENNAI - IBB MADRAS BRANCH

BANK OF BARODA RTGS HO Branch in CHENNAI - Address, IFSC, MICR Code


IFSC Code

BARB0MADOVE

MICR Code

600012021

Branch

IBB MADRAS BRANCH

Contact

1800223344

Address

IBB MADRAS BRANCHP.B.NO.501845MOORE STREETCHENNAI600001

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of BANK OF BARODA situated at IBB MADRAS BRANCH- RTGS-HO?
IFSC Code of BANK OF BARODA situated at IBB MADRAS BRANCH - RTGS-HO is

BARB0MADOVE

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.