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 Nandgaon Khandeshwar branch in Amaravati, Nandgaon Khandeshwar, Maharashtra, 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 Amaravati or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0VG7046. 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, Nandgaon Khandeshwar, Amaravati

The table below shows the main details of the IFSC Code BKID0VG7046 for the Bank Of India branch in Amaravati, which falls under the Nandgaon Khandeshwar district in Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0VG7046
Branch Nandgaon Khandeshwar
City Amaravati
District Nandgaon Khandeshwar
State Maharashtra
Address Main Road Nandgaon Khandeshwar Dist Amravati Pin 444805

These details help users in online banking and for businesses and individuals who use Bank Of India in Amaravati for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0VG7046 for the Nandgaon Khandeshwar branch of Bank Of India has a very 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 Nandgaon Khandeshwar, Amaravati, Maharashtra, are given a unique IFSC like BKID0VG7046 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Amaravati.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Amaravati and Nandgaon Khandeshwar.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Nandgaon Khandeshwar goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0VG7046

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 Nandgaon Khandeshwar in Amaravati.

For example, the IFSC Code BKID0VG7046 of Bank Of India for the Nandgaon Khandeshwar branch includes these elements, identifying the bank and the branch location in Amaravati and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0VG7046 of Bank Of India for its Nandgaon Khandeshwar branch located in Amaravati, 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 Amaravati and Nandgaon Khandeshwar, 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 Nandgaon Khandeshwar or Amaravati to get the exact IFSC Code BKID0VG7046.

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 Amaravati, you'll get the correct details.

How to Use IFSC Code BKID0VG7046 for Online Transfers?

Once you have the IFSC Code BKID0VG7046 for the Nandgaon Khandeshwar branch of Bank Of India in Amaravati, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0VG7046. 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 BKID0VG7046.

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 Nandgaon Khandeshwar in Amaravati, 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 Nandgaon Khandeshwar, 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 Amaravati manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Nandgaon Khandeshwar Amaravati?

The IFSC Code of the Nandgaon Khandeshwar Amaravati branch is BKID0VG7046.

Is IFSC Code BKID0VG7046 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Nandgaon Khandeshwar branch?

The branch is located at Main Road Nandgaon Khandeshwar Dist Amravati Pin 444805.

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.