ACH is an electronic network for processing payments between financial institutions. Managed by NACHA, connected to 11,000 financial institutions. Enables fast, secure, and cost-effective online payments
Bank of Baroda offers 24/7 internet banking for both retail and corporate customers. Registration requires downloading appropriate form from home page or branch. Users receive User ID via email after completing form. Retail customers can register online using active debit card
SWIFT codes enable international payments through SWIFT network. SWIFT codes consist of 8-11 characters for secure international transfers
Bank draft is a guaranteed payment similar to a check. Funds are withdrawn from payer's account and placed in bank's reserve. Banks typically charge fees for bank drafts
IBAN and SWIFT are internationally recognized bank account identification methods. IBAN identifies individual accounts, SWIFT identifies specific banks. Both are essential for international money transfers
Visa cards use the Visa network and are issued by partner financial institutions. Cards come with 16-digit numbers, microchip, magnetic stripe, and signature panel. Visa cards are accepted in over 200 countries worldwide