IFSC Code of Bank Of India, Barabila Draupadi Hill, Barabila Distkeonjhar, Odisha — BKID0005420

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 Barabila Draupadi Hill branch in Barabila (Dist.Keonjhar), Barabila Distkeonjhar, Odisha, 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 Barabila (Dist.Keonjhar) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005420. 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, Barabila Draupadi Hill, Barabila (Dist.Keonjhar)

Here are some of the key details that come with the IFSC Code BKID0005420 of Bank Of India for its branch located in Barabila (Dist.Keonjhar), within the district of Barabila Distkeonjhar in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Barabila (Dist.Keonjhar) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005420 for the Barabila Draupadi Hill branch of Bank Of India has an 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, along with Bank Of India located in Barabila Draupadi Hill, Barabila (Dist.Keonjhar), Odisha, are allotted a unique IFSC like BKID0005420 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Barabila (Dist.Keonjhar).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Barabila (Dist.Keonjhar) and Barabila Distkeonjhar.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of India in Barabila Draupadi Hill reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005420

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Barabila Draupadi Hill in Barabila (Dist.Keonjhar).

For example, the IFSC Code BKID0005420 of Bank Of India for the Barabila Draupadi Hill branch has these elements, identifying the bank and the branch location in Barabila (Dist.Keonjhar) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005420 of Bank Of India for its Barabila Draupadi Hill branch located in Barabila (Dist.Keonjhar), 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 Barabila (Dist.Keonjhar) and Barabila Distkeonjhar, 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 Barabila Draupadi Hill or Barabila (Dist.Keonjhar) to find the exact IFSC Code BKID0005420.

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 Barabila (Dist.Keonjhar) will provide accurate information.

How to Use IFSC Code BKID0005420 for Online Transfers?

Once you have the IFSC Code BKID0005420 for the Barabila Draupadi Hill branch of Bank Of India in Barabila (Dist.Keonjhar), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005420. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0005420.

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 Barabila Draupadi Hill in Barabila (Dist.Keonjhar), your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Barabila Draupadi Hill, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Barabila (Dist.Keonjhar) manage their online transfers and cheque clearances easily.