IFSC Code of Bank Of India, Bagh, Bagh Dist Dhar, Madhya Pradesh- BKID0009801

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Bagh branch in Bagh (Dist. Dhar), Bagh Dist Dhar, Madhya Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Bagh (Dist. Dhar) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009801. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Bagh, Bagh (Dist. Dhar)

Below in the table are the key details related to IFSC Code BKID0009801 of Bank Of India for its branch located in Bagh (Dist. Dhar), within the district of Bagh Dist Dhar in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Bagh (Dist. Dhar) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009801 for the Bagh 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 BKID0009801 is given to every bank branch, including Bank Of India located in Bagh, Bagh (Dist. Dhar), 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 Bagh (Dist. Dhar).
• 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 Bagh (Dist. Dhar) and Bagh Dist Dhar.
• 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 Bagh doesn't end up at another location.

Format of the IFSC Code BKID0009801

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 Bagh in Bagh (Dist. Dhar).

For example, the IFSC Code BKID0009801 of Bank Of India for the Bagh branch includes these elements, identifying the bank and the branch location in Bagh (Dist. Dhar) and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0009801 of Bank Of India for its Bagh branch located in Bagh (Dist. Dhar), 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 Bagh (Dist. Dhar) and Bagh Dist Dhar, 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 Bagh or Bagh (Dist. Dhar) to find the exact IFSC Code BKID0009801.

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 Bagh (Dist. Dhar) will provide accurate information.

How to Use IFSC Code BKID0009801 for Online Transfers?

If you have the IFSC Code BKID0009801 for the Bagh branch of Bank Of India in Bagh (Dist. Dhar), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009801. 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 BKID0009801.

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 Bagh in Bagh (Dist. Dhar), 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 Bagh, 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 Bagh (Dist. Dhar) manage online transfers as well as cheque clearances with ease.