IFSC Code of Bank Of India, Majith Mandi, Amritsar, Punjab- BKID0006302

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Majith Mandi branch in Amritsar, Amritsar, Punjab, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Amritsar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006302. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Majith Mandi, Amritsar

Here are the key points that are associated with the IFSC Code BKID0006302 of Bank Of India for its branch located in Amritsar, within the district of Amritsar in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Amritsar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006302 for the Majith Mandi branch of Bank Of India plays a vital 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 Majith Mandi, Amritsar, Punjab, are allotted a unique IFSC like BKID0006302 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Amritsar.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Amritsar and Amritsar.
• 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 Majith Mandi reaches the right place, even though there are thousands of branches in Punjab and across India.

Format of the IFSC Code BKID0006302

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Majith Mandi in Amritsar.

For example, the IFSC Code BKID0006302 of Bank Of India for the Majith Mandi branch has these elements, identifying the bank and the branch location in Amritsar and Punjab correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006302 of Bank Of India for its Majith Mandi branch located in Amritsar, 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 Amritsar and Amritsar, 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 Majith Mandi or Amritsar to get the exact IFSC Code BKID0006302.

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 Amritsar, you'll get the correct details.

How to Use IFSC Code BKID0006302 for Online Transfers?

If you have the IFSC Code BKID0006302 for the Majith Mandi branch of Bank Of India in Amritsar, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0006302. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0006302.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Majith Mandi in Amritsar, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Majith Mandi, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Amritsar manage online transfers as well as cheque clearances with ease.