For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Parsa Dehriya branch in Banda, Bhinga, Uttar Pradesh, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Banda or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code BKID0AG1924. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Parsa Dehriya, Banda
Here are the key points that are associated with the IFSC Code BKID0AG1924 of Bank Of India for its branch located in Banda, within the district of Bhinga in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0AG1924 |
| Branch | Parsa Dehriya |
| City | Banda |
| District | Bhinga |
| State | Uttar Pradesh |
| Address | Vill Parsa Dehriya Blockjamunaha Poparsa Dehriya Tahsilbhinga Pin271831 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Banda for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0AG1924 for the Parsa Dehriya 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Parsa Dehriya, Banda, Uttar Pradesh, is provided a unique IFSC like BKID0AG1924 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Banda.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Banda and Bhinga.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Uttar Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Parsa Dehriya do not get misguided to another person.
Format of the IFSC Code BKID0AG1924
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 Parsa Dehriya in Banda.
For example, the IFSC Code BKID0AG1924 of Bank Of India for the Parsa Dehriya branch includes these elements, identifying the bank and the branch location in Banda and Uttar Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0AG1924 of Bank Of India for its Parsa Dehriya branch located in Banda, 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 Banda and Bhinga, 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 Parsa Dehriya or Banda to get the exact IFSC Code BKID0AG1924.
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 Banda that will provide accurate information.
How to Use IFSC Code BKID0AG1924 for Online Transfers?
Once you have the IFSC Code BKID0AG1924 for the Parsa Dehriya branch of Bank Of India in Banda, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0AG1924. 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 BKID0AG1924.
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 Parsa Dehriya in Banda, it can 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 Parsa Dehriya, 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 Banda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0AG1924.
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 Vill Parsa Dehriya Blockjamunaha Poparsa Dehriya Tahsilbhinga Pin271831 located in Banda, Bhinga, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.