IFSC Code of Bank Of India, Vatva, Ahmedabad, Gujarat- BKID0002103

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Vatva branch in Ahmedabad, Ahmedabad, Gujarat, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Ahmedabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002103. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Vatva, Ahmedabad

Here are the main details that are associated with the IFSC Code BKID0002103 of Bank Of India for its branch located in Ahmedabad, within the district of Ahmedabad in the state of Gujarat.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Ahmedabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0002103 for the Vatva branch of Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Vatva, Ahmedabad, Gujarat, are given a unique IFSC like BKID0002103 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ahmedabad.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Ahmedabad and Ahmedabad.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Vatva goes to the correct branch. This is important because Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0002103

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 Vatva in Ahmedabad.

For example, the IFSC Code BKID0002103 of Bank Of India for the Vatva 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 looking for the IFSC Code BKID0002103 of Bank Of India for its Vatva branch located in Ahmedabad, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of Bank Of India and look for the branch locator section, then search for Vatva or Ahmedabad to get the exact IFSC Code BKID0002103.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Ahmedabad, then it will provide you proper information.

How to Use IFSC Code BKID0002103 for Online Transfers?

Once you have the IFSC Code BKID0002103 for the Vatva 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 BKID0002103. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹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 BKID0002103.

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 Vatva 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 are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Vatva, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Ahmedabad manage their online transfers and cheque clearances easily.