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 Alleppey branch in Alleppey, Alleppey, Kerala, 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 Alleppey or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code BKID0008540. 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, Alleppey, Alleppey
Here are the main details that are associated with the IFSC Code BKID0008540 of Bank Of India for its branch located in Alleppey, within the district of Alleppey in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008540 |
| Branch | Alleppey |
| City | Alleppey |
| District | Alleppey |
| State | Kerala |
| Address | Xiv21A Ccsbroadeast Of Iron Bridgepbno4201 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Alleppey for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008540 for the Alleppey 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0008540 is given to every bank branch, including Bank Of India located in Alleppey, Alleppey, Kerala, 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 Alleppey.
- 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 Alleppey and Alleppey.
- 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 Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Alleppey doesn't end up at another location.
Format of the IFSC Code BKID0008540
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 Alleppey in Alleppey.
For example, the IFSC Code BKID0008540 of Bank Of India for the Alleppey branch includes these elements, identifying the bank and the branch location in Alleppey and Kerala correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008540 of Bank Of India for its Alleppey branch located in Alleppey, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Alleppey and Alleppey, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Alleppey or Alleppey to get the exact IFSC Code BKID0008540.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Alleppey that will provide accurate information.
How to Use IFSC Code BKID0008540 for Online Transfers?
Once you have the IFSC Code BKID0008540 for the Alleppey branch of Bank Of India in Alleppey, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008540. 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 BKID0008540.
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 Alleppey in Alleppey, 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 Alleppey, 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 Alleppey manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Alleppey Alleppey branch is BKID0008540.
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 Xiv21A Ccsbroadeast Of Iron Bridgepbno4201.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.