IFSC Code of Bank Of India, Ahmedabad Asset Recovery, Ahmedabad, Gujarat- BKID0002054

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Ahmedabad Asset Recovery branch in Ahmedabad, Ahmedabad, Gujarat, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Ahmedabad or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code BKID0002054. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Ahmedabad Asset Recovery, Ahmedabad

Here are some of the key details that come with the IFSC Code BKID0002054 of Bank Of India for its branch located in Ahmedabad, within the district of Ahmedabad in the state of Gujarat.

These details help users in online banking and for businesses and individuals who use Bank Of India in Ahmedabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002054 for the Ahmedabad Asset Recovery branch of Bank Of India has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0002054 is given to every bank branch, including Bank Of India located in Ahmedabad Asset Recovery, Ahmedabad, Gujarat, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Ahmedabad.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Ahmedabad and Ahmedabad.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Ahmedabad Asset Recovery doesn't end up at another location.

Format of the IFSC Code BKID0002054

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmedabad Asset Recovery in Ahmedabad.

For example, the IFSC Code BKID0002054 of Bank Of India for the Ahmedabad Asset Recovery branch includes these elements, identifying the bank and the branch location in Ahmedabad and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0002054 of Bank Of India for its Ahmedabad Asset Recovery branch located in Ahmedabad, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Ahmedabad and Ahmedabad, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Ahmedabad Asset Recovery or Ahmedabad to get the exact IFSC Code BKID0002054.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of India and Ahmedabad, you'll get the correct details.

How to Use IFSC Code BKID0002054 for Online Transfers?

Once you have the IFSC Code BKID0002054 for the Ahmedabad Asset Recovery branch of Bank Of India in Ahmedabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0002054. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of India IFSC Code BKID0002054.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Ahmedabad Asset Recovery in Ahmedabad, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Ahmedabad Asset Recovery, here are some ways that you can get it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Ahmedabad manage online transfers as well as cheque clearances with ease.