IFSC Code of Bank Of India, Bankatta Chowk, Bankatta Chowk Dist Madhubani, Bihar — BKID0004542

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 Bankatta Chowk branch in Bankatta Chowk (Dist. Madhubani), Bankatta Chowk Dist Madhubani, Bihar, 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 Bankatta Chowk (Dist. Madhubani) or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0004542. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Bankatta Chowk, Bankatta Chowk (Dist. Madhubani)

The table below shows the main details of the IFSC Code BKID0004542 for the Bank Of India branch in Bankatta Chowk (Dist. Madhubani), which falls under the Bankatta Chowk Dist Madhubani district in Bihar.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bankatta Chowk (Dist. Madhubani) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004542 for the Bankatta Chowk 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0004542 is given to every bank branch, including Bank Of India located in Bankatta Chowk, Bankatta Chowk (Dist. Madhubani), Bihar, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Bankatta Chowk (Dist. Madhubani).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Bankatta Chowk (Dist. Madhubani) and Bankatta Chowk Dist Madhubani.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Bankatta Chowk doesn't end up at another location.

Format of the IFSC Code BKID0004542

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 Bankatta Chowk in Bankatta Chowk (Dist. Madhubani).

For example, the IFSC Code BKID0004542 of Bank Of India for the Bankatta Chowk branch includes these elements, identifying the bank and the branch location in Bankatta Chowk (Dist. Madhubani) and Bihar accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0004542 of Bank Of India for its Bankatta Chowk branch located in Bankatta Chowk (Dist. Madhubani), 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 Bankatta Chowk (Dist. Madhubani) and Bankatta Chowk Dist Madhubani, 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 Bankatta Chowk or Bankatta Chowk (Dist. Madhubani) to find the exact IFSC Code BKID0004542.

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 Bankatta Chowk (Dist. Madhubani) will provide accurate information.

How to Use IFSC Code BKID0004542 for Online Transfers?

If you have the IFSC Code BKID0004542 for the Bankatta Chowk branch of Bank Of India in Bankatta Chowk (Dist. Madhubani), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004542. 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 BKID0004542.

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 Bankatta Chowk in Bankatta Chowk (Dist. Madhubani), it 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 Bankatta Chowk, 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 Bankatta Chowk (Dist. Madhubani) to handle online money transfers and get their cheques cleared smoothly.