Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Bamangam branch in Bamangam (Tal Borsad,Dist Anand), Bamangam Tal Borsaddist Anand, or Gujarat, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Bamangam (Tal Borsad,Dist Anand) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002821. You should definitely 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, Bamangam, Bamangam (Tal Borsad,Dist Anand)
Here are the key points that are associated with the IFSC Code BKID0002821 of Bank Of India for its branch located in Bamangam (Tal Borsad,Dist Anand), within the district of Bamangam Tal Borsaddist Anand in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002821 |
| Branch | Bamangam |
| City | Bamangam (Tal Borsad,Dist Anand) |
| District | Bamangam Tal Borsaddist Anand |
| State | Gujarat |
| Address | Moti Khadki Bamangamtaluka Borsad Dist Anand |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Bamangam (Tal Borsad,Dist Anand) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002821 for the Bamangam 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Bamangam, Bamangam (Tal Borsad,Dist Anand), Gujarat, is provided with a unique IFSC like BKID0002821 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Bamangam (Tal Borsad,Dist Anand).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bamangam (Tal Borsad,Dist Anand) and Bamangam Tal Borsaddist Anand.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Bamangam do not get mixed with another location.
Format of the IFSC Code BKID0002821
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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Bamangam in Bamangam (Tal Borsad,Dist Anand).
For example, the IFSC Code BKID0002821 of Bank Of India for the Bamangam branch has these elements, identifying the bank and the branch location in Bamangam (Tal Borsad,Dist Anand) and Gujarat correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0002821 of Bank Of India for its Bamangam branch located in Bamangam (Tal Borsad,Dist Anand), 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 Bamangam (Tal Borsad,Dist Anand) and Bamangam Tal Borsaddist Anand, 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 Bamangam or Bamangam (Tal Borsad,Dist Anand) to get the exact IFSC Code BKID0002821.
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 Bamangam (Tal Borsad,Dist Anand) that will provide accurate information.
How to Use IFSC Code BKID0002821 for Online Transfers?
Once you have the IFSC Code BKID0002821 for the Bamangam branch of Bank Of India in Bamangam (Tal Borsad,Dist Anand), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0002821. 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 BKID0002821.
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 Bamangam in Bamangam (Tal Borsad,Dist Anand), your payment can get delayed or might not go through at all.
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 Bamangam, 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 Bamangam (Tal Borsad,Dist Anand) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bamangam Bamangam (Tal Borsad,Dist Anand) branch is BKID0002821.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Moti Khadki Bamangamtaluka Borsad Dist Anand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.