IFSC Code of Bank Of India, Chhapi, Banaskantha Gj, Gujarat- BKID0002302

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 Chhapi branch in Banaskantha (Gj), Banaskantha Gj, 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 Banaskantha (Gj) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002302. 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, Chhapi, Banaskantha (Gj)

The table below shows the main details of the IFSC Code BKID0002302 for the Bank Of India branch in Banaskantha (Gj), which falls under the Banaskantha Gj district in Gujarat.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Banaskantha (Gj) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002302 for the Chhapi branch of Bank Of India plays 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, along with Bank Of India located in Chhapi, Banaskantha (Gj), Gujarat, are allotted a unique IFSC like BKID0002302 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code BKID0002302

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 Chhapi in Banaskantha (Gj).

For example, the IFSC Code BKID0002302 of Bank Of India for the Chhapi branch includes these elements, identifying the bank and the branch location in Banaskantha (Gj) and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0002302 of Bank Of India for its Chhapi branch located in Banaskantha (Gj), 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 Banaskantha (Gj) and Banaskantha Gj, 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 Chhapi or Banaskantha (Gj) to find the exact IFSC Code BKID0002302.

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 Banaskantha (Gj) will provide accurate information.

How to Use IFSC Code BKID0002302 for Online Transfers?

If you have the IFSC Code BKID0002302 for the Chhapi branch of Bank Of India in Banaskantha (Gj), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0002302. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0002302.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Chhapi in Banaskantha (Gj), it may result in delayed or failed transactions.

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 Chhapi, 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 Banaskantha (Gj) manage online transfers as well as cheque clearances with ease.