Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Ahmedpur Khaigaon branch in Ahmedpur Khaigaon(Dist. Khandwa), Ahmedpur Khaigaon Dist Khandwa, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Ahmedpur Khaigaon(Dist. Khandwa) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009516. You should definitely 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, Ahmedpur Khaigaon, Ahmedpur Khaigaon(Dist. Khandwa)

Here are the main details that are associated with the IFSC Code BKID0009516 of Bank Of India for its branch located in Ahmedpur Khaigaon(Dist. Khandwa), within the district of Ahmedpur Khaigaon Dist Khandwa in the state of Madhya Pradesh.

Particulars Details
Bank Bank Of India
IFSC Code BKID0009516
Branch Ahmedpur Khaigaon
City Ahmedpur Khaigaon(Dist. Khandwa)
District Ahmedpur Khaigaon Dist Khandwa
State Madhya Pradesh
Address At Post Ahmedpur Khaigaontehsil Khandwa

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Ahmedpur Khaigaon(Dist. Khandwa) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0009516 for the Ahmedpur Khaigaon 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, including Bank Of India located in Ahmedpur Khaigaon, Ahmedpur Khaigaon(Dist. Khandwa), Madhya Pradesh, is provided with a unique IFSC like BKID0009516 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of India branch in Ahmedpur Khaigaon(Dist. Khandwa).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Ahmedpur Khaigaon(Dist. Khandwa) and Ahmedpur Khaigaon Dist Khandwa.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Ahmedpur Khaigaon do not get mixed with another location.

Format of the IFSC Code BKID0009516

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Bank Of India, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ahmedpur Khaigaon in Ahmedpur Khaigaon(Dist. Khandwa).

For example, the IFSC Code BKID0009516 of Bank Of India for the Ahmedpur Khaigaon branch includes these elements, identifying the bank and the branch location in Ahmedpur Khaigaon(Dist. Khandwa) and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0009516 of Bank Of India for its Ahmedpur Khaigaon branch located in Ahmedpur Khaigaon(Dist. Khandwa), 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 Ahmedpur Khaigaon(Dist. Khandwa) and Ahmedpur Khaigaon Dist Khandwa, 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 Ahmedpur Khaigaon or Ahmedpur Khaigaon(Dist. Khandwa) to get the exact IFSC Code BKID0009516.

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 Ahmedpur Khaigaon(Dist. Khandwa), you'll get the correct details.

How to Use IFSC Code BKID0009516 for Online Transfers?

Once you have the IFSC Code BKID0009516 for the Ahmedpur Khaigaon branch of Bank Of India in Ahmedpur Khaigaon(Dist. Khandwa), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0009516. 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 BKID0009516.

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 Ahmedpur Khaigaon in Ahmedpur Khaigaon(Dist. Khandwa), 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 Ahmedpur Khaigaon, 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 Ahmedpur Khaigaon(Dist. Khandwa) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Ahmedpur Khaigaon, Ahmedpur Khaigaon(Dist. Khandwa)?

The IFSC Code is BKID0009516.

Is the IFSC Code BKID0009516 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Ahmedpur Khaigaon?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Ahmedpur Khaigaon branch?

The address of the branch is At Post Ahmedpur Khaigaontehsil Khandwa located in Ahmedpur Khaigaon(Dist. Khandwa), Ahmedpur Khaigaon Dist Khandwa, Madhya Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.