IFSC Code of Bank Of India, Jalgoan, Barwani, Madhya Pradesh- BKID0MG0217

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Jalgoan branch in Barwani, Barwani, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Barwani or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG0217. You should definitely 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, Jalgoan, Barwani

The table below shows the main details of the IFSC Code BKID0MG0217 for the Bank Of India branch in Barwani, which falls under the Barwani district in Madhya Pradesh.

These details help users in online banking and for businesses and individuals who use Bank Of India in Barwani for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG0217 for the Jalgoan 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 Jalgoan, Barwani, Madhya Pradesh, is provided with a unique IFSC like BKID0MG0217 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Barwani.
• 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 Barwani and Barwani.
• 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Jalgoan do not get mixed with another location.

Format of the IFSC Code BKID0MG0217

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 Jalgoan in Barwani.

For example, the IFSC Code BKID0MG0217 of Bank Of India for the Jalgoan branch has these elements, identifying the bank and the branch location in Barwani and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0MG0217 of Bank Of India for its Jalgoan branch located in Barwani, the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Barwani and Barwani, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and find the branch locator section. Search for Jalgoan or Barwani to get the exact IFSC Code BKID0MG0217.

Mobile Banking App

If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Barwani that will provide accurate information.

How to Use IFSC Code BKID0MG0217 for Online Transfers?

Once you have the IFSC Code BKID0MG0217 for the Jalgoan branch of Bank Of India in Barwani, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0MG0217. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0MG0217.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Jalgoan in Barwani, it can result in delayed or failed transactions.

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 Jalgoan, 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 Barwani manage their online transfers and cheque clearances easily.