IFSC Code of Bank Of India, Alibag, Alibaug, Maharashtra — BKID0001200

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 Alibag branch in Alibaug, Alibaug, Maharashtra, 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 Alibaug or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001200. 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, Alibag, Alibaug

Here are the main details that are associated with the IFSC Code BKID0001200 of Bank Of India for its branch located in Alibaug, within the district of Alibaug in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Alibaug for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001200 for the Alibag branch of Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Alibag, Alibaug, Maharashtra, is provided a unique IFSC like BKID0001200 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Alibaug.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Alibaug and Alibaug.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Alibag do not get misguided to another person.

Format of the IFSC Code BKID0001200

The format of the IFSC Code for banks, including Bank Of India, has 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 Alibag in Alibaug.

For example, the IFSC Code BKID0001200 of Bank Of India for the Alibag branch includes these elements, identifying the bank and the branch location in Alibaug and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001200 of Bank Of India for its Alibag branch located in Alibaug, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Alibaug and Alibaug, print them 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 Alibag or Alibaug to get the exact IFSC Code BKID0001200.

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 Alibaug, you'll get the correct details.

How to Use IFSC Code BKID0001200 for Online Transfers?

Once you have the IFSC Code BKID0001200 for the Alibag branch of Bank Of India in Alibaug, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001200. Transfers are processed in batches. This is suitable for 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 BKID0001200.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Alibag in Alibaug may result in delayed or failed transactions.

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 Alibag, 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 Alibaug manage online transfers as well as cheque clearances with ease.