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 Bellary branch in Bellary, Bellary, Karnataka, 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 Bellary or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008467. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Bellary, Bellary
Below in the table are the key details related to IFSC Code BKID0008467 of Bank Of India for its branch located in Bellary, within the district of Bellary in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008467 |
| Branch | Bellary |
| City | Bellary |
| District | Bellary |
| State | Karnataka |
| Address | V V S Building Opp New Ksrtc Busstand Gandhi Nagar |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Bellary for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008467 for the Bellary 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 Bellary, Bellary, Karnataka, are allotted a unique IFSC like BKID0008467 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bellary.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bellary and Bellary.
- 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 Bellary reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code BKID0008467
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 Bellary in Bellary.
For example, the IFSC Code BKID0008467 of Bank Of India for the Bellary branch includes these elements, identifying the bank and the branch location in Bellary and Karnataka correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008467 of Bank Of India for its Bellary branch located in Bellary, 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 Bellary and Bellary, 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 Bellary or Bellary to get the exact IFSC Code BKID0008467.
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 Bellary that will provide accurate information.
How to Use IFSC Code BKID0008467 for Online Transfers?
Once you have the IFSC Code BKID0008467 for the Bellary branch of Bank Of India in Bellary, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008467. 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 BKID0008467.
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 Bellary in Bellary, 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 Bellary, 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 Bellary manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008467.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is V V S Building Opp New Ksrtc Busstand Gandhi Nagar located in Bellary, Bellary, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.