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 Athamalik branch in Angul, Athamalik, Odisha, 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 Angul or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005700. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Athamalik, Angul
The table below shows the main details of the IFSC Code BKID0005700 for the Bank Of India branch in Angul, which falls under the Athamalik district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005700 |
| Branch | Athamalik |
| City | Angul |
| District | Athamalik |
| State | Odisha |
| Address | Near Sunita Enterprises, Gandhichhak, Athamalik, Ward No-2, Po-Athamalik, Dist-Angul, Pin-759125 Odisha |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Angul for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005700 for the Athamalik 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Athamalik, Angul, Odisha, are allotted a unique IFSC like BKID0005700 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Angul.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Angul and Athamalik.
- 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 Athamalik reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code BKID0005700
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Athamalik in Angul.
For example, the IFSC Code BKID0005700 of Bank Of India for the Athamalik branch includes these elements, identifying the bank and the branch location in Angul and Odisha accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005700 of Bank Of India for its Athamalik branch located in Angul, 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 Angul and Athamalik, 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 Athamalik or Angul to get the exact IFSC Code BKID0005700.
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 Angul that will provide accurate information.
How to Use IFSC Code BKID0005700 for Online Transfers?
Once you have the IFSC Code BKID0005700 for the Athamalik branch of Bank Of India in Angul, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005700. 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 BKID0005700.
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 Athamalik in Angul, 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 Athamalik, 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 Angul manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Athamalik Angul branch is BKID0005700.
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 Near Sunita Enterprises, Gandhichhak, Athamalik, Ward No-2, Po-Athamalik, Dist-Angul, Pin-759125 Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.