IFSC Code of Bank Of India, Balsamud, Balsamud Dist Khargone, Madhya Pradesh- BKID0009923

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 Balsamud branch in Balsamud (Dist. Khargone), Balsamud Dist Khargone, Madhya Pradesh, 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 Balsamud (Dist. Khargone) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009923. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Balsamud, Balsamud (Dist. Khargone)

Below in the table are the key details related to IFSC Code BKID0009923 of Bank Of India for its branch located in Balsamud (Dist. Khargone), within the district of Balsamud Dist Khargone in the state of Madhya Pradesh.

These details help users in online banking and for businesses and individuals who use Bank Of India in Balsamud (Dist. Khargone) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009923 for the Balsamud branch of Bank Of India has a very 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 Balsamud, Balsamud (Dist. Khargone), Madhya Pradesh, are allotted a unique IFSC like BKID0009923 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Balsamud (Dist. Khargone).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Balsamud (Dist. Khargone) and Balsamud Dist Khargone.
• 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 Balsamud reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.

Format of the IFSC Code BKID0009923

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 Balsamud in Balsamud (Dist. Khargone).

For example, the IFSC Code BKID0009923 of Bank Of India for the Balsamud branch includes these elements, identifying the bank and the branch location in Balsamud (Dist. Khargone) and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0009923 of Bank Of India for its Balsamud branch located in Balsamud (Dist. Khargone), the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Bank Of India branches in Balsamud (Dist. Khargone) and Balsamud Dist Khargone, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of India and look for the branch locator section, then search for Balsamud or Balsamud (Dist. Khargone) to get the exact IFSC Code BKID0009923.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Balsamud (Dist. Khargone), then it will provide you proper information.

How to Use IFSC Code BKID0009923 for Online Transfers?

Once you have the IFSC Code BKID0009923 for the Balsamud branch of Bank Of India in Balsamud (Dist. Khargone), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009923. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0009923.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Balsamud in Balsamud (Dist. Khargone), it can 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 Balsamud, 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 Balsamud (Dist. Khargone) to handle online money transfers and get their cheques cleared smoothly.