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Baramati Sahakari Bank

INDAPUR BRANCH

+912111223277

IFSC CODE
BARA0000002
MICR Code 413606501
Branch Code 000002
City / District INDAPUR
State MAHARASHTRA
Office Address NEAR BHARGAVRAM UDYNA (TALYA SHEJARI), NEW KACHERI ROAD, INDAPUR, DIST-PUNE 413106
Phone +912111223277
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Baramati Sahakari Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the INDAPUR branch of Baramati Sahakari Bank, the code BARA0000002 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the BARA0000002 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"BARA" represents Baramati Sahakari Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for INDAPUR

Payment Systems Supported by BARA0000002

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—413606501—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Baramati Sahakari Bank in INDAPUR typically follows the RBI holiday calendar. Digital transfers via BARA0000002 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While BARA0000002 is the valid code for INDAPUR at INDAPUR, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • INDAPUR Contact
  • • Address of Baramati Sahakari Bank
  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

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  • • IFSC Finder v2.0

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