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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Bamhni branch in Bamhni (Dist. Chandrapur), Bamhni Dist Chandrapur, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Bamhni (Dist. Chandrapur) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009628. 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, Bamhni, Bamhni (Dist. Chandrapur)
Here are the main details that are associated with the IFSC Code BKID0009628 of Bank Of India for its branch located in Bamhni (Dist. Chandrapur), within the district of Bamhni Dist Chandrapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009628 |
| Branch | Bamhni |
| City | Bamhni (Dist. Chandrapur) |
| District | Bamhni Dist Chandrapur |
| State | Maharashtra |
| Address | At Post Bamhanidistrict Chandrapur |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bamhni (Dist. Chandrapur) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0009628 for the Bamhni 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 Bamhni, Bamhni (Dist. Chandrapur), Maharashtra, are allotted a unique IFSC like BKID0009628 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bamhni (Dist. Chandrapur).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bamhni (Dist. Chandrapur) and Bamhni Dist Chandrapur.
- 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 Bamhni reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BKID0009628
The format of the IFSC Code for banks, including Bank Of India, has 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 Bamhni in Bamhni (Dist. Chandrapur).
For example, the IFSC Code BKID0009628 of Bank Of India for the Bamhni branch includes these elements, identifying the bank and the branch location in Bamhni (Dist. Chandrapur) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0009628 of Bank Of India for its Bamhni branch located in Bamhni (Dist. Chandrapur), 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 Bamhni (Dist. Chandrapur) and Bamhni Dist Chandrapur, 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 Bamhni or Bamhni (Dist. Chandrapur) to get the exact IFSC Code BKID0009628.
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 Bamhni (Dist. Chandrapur), then it will provide you proper information.
How to Use IFSC Code BKID0009628 for Online Transfers?
Once you have the IFSC Code BKID0009628 for the Bamhni branch of Bank Of India in Bamhni (Dist. Chandrapur), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009628. 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 BKID0009628.
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 Bamhni in Bamhni (Dist. Chandrapur), 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 Bamhni, 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 Bamhni (Dist. Chandrapur) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009628.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Post Bamhanidistrict Chandrapur located in Bamhni (Dist. Chandrapur), Bamhni Dist Chandrapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.