There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Balsi branch in Bankura, Bankura, West Bengal, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Bankura or anywhere in West Bengal can easily transfer funds instantly by using the correct IFSC Code BKID0004395. You should 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, Balsi, Bankura
Below in the table are the key details related to IFSC Code BKID0004395 of Bank Of India for its branch located in Bankura, within the district of Bankura in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004395 |
| Branch | Balsi |
| City | Bankura |
| District | Bankura |
| State | West Bengal |
| Address | Balsi Bank Moredistt Bankura |
These details help users in online banking and for businesses and individuals who use Bank Of India in Bankura for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004395 for the Balsi branch of Bank Of India has a very 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, including Bank Of India located in Balsi, Bankura, West Bengal, is provided with a unique IFSC like BKID0004395 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Bankura.
- 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 Bankura and Bankura.
- 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 West Bengal and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Balsi do not get mixed with another location.
Format of the IFSC Code BKID0004395
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 Balsi in Bankura.
For example, the IFSC Code BKID0004395 of Bank Of India for the Balsi branch includes these elements, identifying the bank and the branch location in Bankura and West Bengal correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0004395 of Bank Of India for its Balsi branch located in Bankura, 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 Bankura and Bankura, 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 Balsi or Bankura to find the exact IFSC Code BKID0004395.
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 Bankura will provide accurate information.
How to Use IFSC Code BKID0004395 for Online Transfers?
Once you have the IFSC Code BKID0004395 for the Balsi branch of Bank Of India in Bankura, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0004395. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0004395.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Balsi in Bankura, your payment can get delayed or might not go through at all.
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 Balsi, 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 Bankura manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004395.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Balsi Bank Moredistt Bankura located in Bankura, Bankura, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.