IFSC Code of Bank Of India, Bahalda, Bahalda Dist Mayurbhanj, Odisha — BKID0005504

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 Bahalda branch in Bahalda (Dist. Mayurbhanj), Bahalda Dist Mayurbhanj, Odisha, 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 Bahalda (Dist. Mayurbhanj) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005504. 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, Bahalda, Bahalda (Dist. Mayurbhanj)

Below in the table are the key details related to IFSC Code BKID0005504 of Bank Of India for its branch located in Bahalda (Dist. Mayurbhanj), within the district of Bahalda Dist Mayurbhanj in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bahalda (Dist. Mayurbhanj) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005504 for the Bahalda branch of Bank Of India is vital.

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 Bahalda, Bahalda (Dist. Mayurbhanj), Odisha, are given a unique IFSC like BKID0005504 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Bahalda (Dist. Mayurbhanj).
• 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 Bahalda (Dist. Mayurbhanj) and Bahalda Dist Mayurbhanj.
• 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 Bahalda goes to the correct branch. This is important because Bank Of India has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005504

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 Bahalda in Bahalda (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005504 of Bank Of India for the Bahalda branch includes these elements, identifying the bank and the branch location in Bahalda (Dist. Mayurbhanj) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005504 of Bank Of India for its Bahalda branch located in Bahalda (Dist. Mayurbhanj), 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 Bahalda (Dist. Mayurbhanj) and Bahalda Dist Mayurbhanj, 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 Bahalda or Bahalda (Dist. Mayurbhanj) to get the exact IFSC Code BKID0005504.

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 Bahalda (Dist. Mayurbhanj) that will provide accurate information.

How to Use IFSC Code BKID0005504 for Online Transfers?

Once you have the IFSC Code BKID0005504 for the Bahalda branch of Bank Of India in Bahalda (Dist. Mayurbhanj), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005504. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0005504.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Bahalda in Bahalda (Dist. Mayurbhanj) may result in delayed or failed transactions.

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 Bahalda, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Bahalda (Dist. Mayurbhanj) manage online transfers as well as cheque clearances with ease.