Rajasthan Marudhara Gramin Bank, BARODIYA, BANSWARA Branch IFSC Code

The IFSC code RMGB0001242 is assigned to Rajasthan Marudhara Gramin Bank, BARODIYA located in BANSWARA, RAJASTHAN. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

✓ NEFT ✓ RTGS ✓ IMPS

Bank Details

Bank Name Rajasthan Marudhara Gramin Bank
IFSC Code RMGB0001242
Branch Code 001242
Branch BARODIYA
City BANSWARA
District BARODIYA
State RAJASTHAN
Address BARODIYA,TEH.BAGIDORA,327604 Maps

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

RMGB Bank Code
0 Reserved (0)
001242 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code RMGB0001242 is the Indian Financial System Code assigned to Rajasthan Marudhara Gramin Bank, BARODIYA branch in BANSWARA, RAJASTHAN. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in BANSWARA, BARODIYA, RAJASTHAN. The full address is: BARODIYA,TEH.BAGIDORA,327604

The branch code is 001242. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Rajasthan Marudhara Gramin Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: RMGB0001242
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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