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 Bankura 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 BKID0004260. 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, Bankura, Bankura
The table below shows the main details of the IFSC Code BKID0004260 for the Bank Of India branch in Bankura, which falls under the Bankura district in West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004260 |
| Branch | Bankura |
| City | Bankura |
| District | Bankura |
| State | West Bengal |
| Address | 521Lal Bazarpost Bankura Dist Bankura |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bankura for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004260 for the Bankura 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, along with Bank Of India located in Bankura, Bankura, West Bengal, are given a unique IFSC like BKID0004260 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bankura.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bankura and Bankura.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Bankura goes to the correct branch. This is important because Bank Of India has thousands of branches in West Bengal and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0004260
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 Bankura in Bankura.
For example, the IFSC Code BKID0004260 of Bank Of India for the Bankura branch includes these elements, identifying the bank and the branch location in Bankura and West Bengal accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0004260 of Bank Of India for its Bankura 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 Bankura or Bankura to find the exact IFSC Code BKID0004260.
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 BKID0004260 for Online Transfers?
Once you have the IFSC Code BKID0004260 for the Bankura branch of Bank Of India in Bankura, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004260. 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 BKID0004260.
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 Bankura in Bankura 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 Bankura, 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 Bankura to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bankura Bankura branch is BKID0004260.
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 521Lal Bazarpost Bankura Dist Bankura.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.