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 Sanjay Nagar Bangalore branch in Bangalore, Bangalore, Karnataka, 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 Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008493. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Sanjay Nagar Bangalore, Bangalore
The table below shows the main details of the IFSC Code BKID0008493 for the Bank Of India branch in Bangalore, which falls under the Bangalore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008493 |
| Branch | Sanjay Nagar Bangalore |
| City | Bangalore |
| District | Bangalore |
| State | Karnataka |
| Address | 1 24 Raghothaman Samarrms Colony |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bangalore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008493 for the Sanjay Nagar Bangalore 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, including Bank Of India located in Sanjay Nagar Bangalore, Bangalore, Karnataka, is provided with a unique IFSC like BKID0008493 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Bangalore.
- 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 Bangalore and Bangalore.
- 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Sanjay Nagar Bangalore do not get mixed with another location.
Format of the IFSC Code BKID0008493
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 Sanjay Nagar Bangalore in Bangalore.
For example, the IFSC Code BKID0008493 of Bank Of India for the Sanjay Nagar Bangalore branch includes these elements, identifying the bank and the branch location in Bangalore and Karnataka correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008493 of Bank Of India for its Sanjay Nagar Bangalore branch located in Bangalore, the following methods can help:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Bangalore and Bangalore, print them on the first page of your passbook.
Bank Website
Visit the official website of Bank Of India and navigate to the branch locator section. Search for Sanjay Nagar Bangalore or Bangalore to get the exact IFSC Code BKID0008493.
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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Bangalore, you'll get the correct details.
How to Use IFSC Code BKID0008493 for Online Transfers?
Once you have the IFSC Code BKID0008493 for the Sanjay Nagar Bangalore branch of Bank Of India in Bangalore, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008493. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0008493.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Sanjay Nagar Bangalore in Bangalore may 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 Sanjay Nagar Bangalore, 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 Bangalore to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sanjay Nagar Bangalore Bangalore branch is BKID0008493.
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 1 24 Raghothaman Samarrms Colony.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.