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 Khattali branch in Alirajpur, Alirajpur, or Madhya Pradesh, 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 Alirajpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG5010. 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, Khattali, Alirajpur
Here are the main details that are associated with the IFSC Code BKID0MG5010 of Bank Of India for its branch located in Alirajpur, within the district of Alirajpur in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0MG5010 |
| Branch | Khattali |
| City | Alirajpur |
| District | Alirajpur |
| State | Madhya Pradesh |
| Address | Tilak Marg,Khattali, |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Alirajpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG5010 for the Khattali branch of Bank Of India plays an 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 BKID0MG5010 is given to every bank branch, including Bank Of India located in Khattali, Alirajpur, Madhya Pradesh, 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 Alirajpur.
- 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 Alirajpur and Alirajpur.
- 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Khattali doesn't end up at another location.
Format of the IFSC Code BKID0MG5010
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 Khattali in Alirajpur.
For example, the IFSC Code BKID0MG5010 of Bank Of India for the Khattali branch includes these elements, identifying the bank and the branch location in Alirajpur and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0MG5010 of Bank Of India for its Khattali branch located in Alirajpur, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Alirajpur and Alirajpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and go to the branch locator section. Then search for Khattali or Alirajpur to find the exact IFSC Code BKID0MG5010.
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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Alirajpur will provide accurate information.
How to Use IFSC Code BKID0MG5010 for Online Transfers?
Once you have the IFSC Code BKID0MG5010 for the Khattali branch of Bank Of India in Alirajpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0MG5010. 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 BKID0MG5010.
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 Khattali in Alirajpur, 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 Khattali, 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 Alirajpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Khattali Alirajpur branch is BKID0MG5010.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Tilak Marg,Khattali,.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.