IFSC Code of Bank Of India, Bagru, Bagru Dist Lohardaa, Jharkhand- BKID0004951

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 Bagru branch in Bagru (Dist. Lohardaa), Bagru Dist Lohardaa, Jharkhand, 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 Bagru (Dist. Lohardaa) or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code BKID0004951. 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, Bagru, Bagru (Dist. Lohardaa)

Below in the table are the key details related to IFSC Code BKID0004951 of Bank Of India for its branch located in Bagru (Dist. Lohardaa), within the district of Bagru Dist Lohardaa in the state of Jharkhand.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Bagru (Dist. Lohardaa) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004951 for the Bagru 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Bagru, Bagru (Dist. Lohardaa), Jharkhand, is provided a unique IFSC like BKID0004951 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Bagru (Dist. Lohardaa).
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Bagru (Dist. Lohardaa) and Bagru Dist Lohardaa.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Bagru do not get misguided to another person.

Format of the IFSC Code BKID0004951

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 Bagru in Bagru (Dist. Lohardaa).

For example, the IFSC Code BKID0004951 of Bank Of India for the Bagru branch includes these elements, identifying the bank and the branch location in Bagru (Dist. Lohardaa) and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004951 of Bank Of India for its Bagru branch located in Bagru (Dist. Lohardaa), 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 Bagru (Dist. Lohardaa) and Bagru Dist Lohardaa, 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 Bagru or Bagru (Dist. Lohardaa) to get the exact IFSC Code BKID0004951.

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 Bagru (Dist. Lohardaa), you'll get the correct details.

How to Use IFSC Code BKID0004951 for Online Transfers?

Once you have the IFSC Code BKID0004951 for the Bagru branch of Bank Of India in Bagru (Dist. Lohardaa), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004951. 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 BKID0004951.

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 Bagru in Bagru (Dist. Lohardaa), your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Bagru, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Bagru (Dist. Lohardaa) to handle online money transfers and get their cheques cleared smoothly.