IFSC Code of Bank Of India, Tekadi, Balaghat, Madhya Pradesh- BKID0MG1317

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 Tekadi branch in Balaghat, Balaghat, Madhya Pradesh, 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 Balaghat or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0MG1317. 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, Tekadi, Balaghat

Here are the main details that are associated with the IFSC Code BKID0MG1317 of Bank Of India for its branch located in Balaghat, within the district of Balaghat in the state of Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Balaghat for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG1317 for the Tekadi 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0MG1317 is given to every bank branch, including Bank Of India located in Tekadi, Balaghat, 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 Balaghat.
• 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 Balaghat and Balaghat.
• 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 Tekadi doesn't end up at another location.

Format of the IFSC Code BKID0MG1317

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 Tekadi in Balaghat.

For example, the IFSC Code BKID0MG1317 of Bank Of India for the Tekadi branch includes these elements, identifying the bank and the branch location in Balaghat and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0MG1317 of Bank Of India for its Tekadi branch located in Balaghat, 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 Balaghat and Balaghat, 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 Tekadi or Balaghat to find the exact IFSC Code BKID0MG1317.

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 Balaghat will provide accurate information.

How to Use IFSC Code BKID0MG1317 for Online Transfers?

Once you have the IFSC Code BKID0MG1317 for the Tekadi branch of Bank Of India in Balaghat, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0MG1317. 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 BKID0MG1317.

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 Tekadi in Balaghat, 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 Tekadi, 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 Balaghat to handle online money transfers and get their cheques cleared smoothly.