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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Aizawl branch in Aizawl, Aizawl, or Mizoram, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Aizawl or anywhere in Mizoram can transfer funds instantly by using the correct IFSC Code BKID0005102. 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, Aizawl, Aizawl
Below in the table are the key details related to IFSC Code BKID0005102 of Bank Of India for its branch located in Aizawl, within the district of Aizawl in the state of Mizoram.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005102 |
| Branch | Aizawl |
| City | Aizawl |
| District | Aizawl |
| State | Mizoram |
| Address | Bank Of India, Aizawl Branch, Bawngkawn Main Road, Aizawl, Mizoram-796014 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Aizawl for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005102 for the Aizawl branch of Bank Of India has an important role.
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 Aizawl, Aizawl, Mizoram, are allotted a unique IFSC like BKID0005102 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Aizawl.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Aizawl and Aizawl.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Aizawl reaches the right place, even though there are thousands of branches in Mizoram and across India.
Format of the IFSC Code BKID0005102
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 Aizawl in Aizawl.
For example, the IFSC Code BKID0005102 of Bank Of India for the Aizawl branch includes these elements, identifying the bank and the branch location in Aizawl and Mizoram accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005102 of Bank Of India for its Aizawl branch located in Aizawl, 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 Aizawl and Aizawl, 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 Aizawl or Aizawl to get the exact IFSC Code BKID0005102.
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 Aizawl, you'll get the correct details.
How to Use IFSC Code BKID0005102 for Online Transfers?
Once you have the IFSC Code BKID0005102 for the Aizawl branch of Bank Of India in Aizawl, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005102. 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 BKID0005102.
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 Aizawl in Aizawl, 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 Aizawl, 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 Aizawl manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005102.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Bank Of India, Aizawl Branch, Bawngkawn Main Road, Aizawl, Mizoram-796014 located in Aizawl, Aizawl, Mizoram.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
