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 Bend branch in Bend (Dist.East Singhbhum), Bend Disteast Singhbhum, Jharkhand, 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 Bend (Dist.East Singhbhum) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004529. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Bend, Bend (Dist.East Singhbhum)
Here are some of the key details that come with the IFSC Code BKID0004529 of Bank Of India for its branch located in Bend (Dist.East Singhbhum), within the district of Bend Disteast Singhbhum in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004529 |
| Branch | Bend |
| City | Bend (Dist.East Singhbhum) |
| District | Bend Disteast Singhbhum |
| State | Jharkhand |
| Address | At P O Bendvia Chakulia Dist East Singhbhum |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Bend (Dist.East Singhbhum) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004529 for the Bend branch of Bank Of India plays a vital 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 Bend, Bend (Dist.East Singhbhum), Jharkhand, are allotted a unique IFSC like BKID0004529 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bend (Dist.East Singhbhum).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bend (Dist.East Singhbhum) and Bend Disteast Singhbhum.
- 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 Bend reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID0004529
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): 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 Bend in Bend (Dist.East Singhbhum).
For example, the IFSC Code BKID0004529 of Bank Of India for the Bend branch includes these elements, identifying the bank and the branch location in Bend (Dist.East Singhbhum) and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0004529 of Bank Of India for its Bend branch located in Bend (Dist.East Singhbhum), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Bend (Dist.East Singhbhum) and Bend Disteast Singhbhum, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Bend or Bend (Dist.East Singhbhum) to get the exact IFSC Code BKID0004529.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Bend (Dist.East Singhbhum), then it will provide you proper information.
How to Use IFSC Code BKID0004529 for Online Transfers?
Once you have the IFSC Code BKID0004529 for the Bend branch of Bank Of India in Bend (Dist.East Singhbhum), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0004529. 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 BKID0004529.
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 Bend in Bend (Dist.East Singhbhum), your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Bend, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Bend (Dist.East Singhbhum) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004529.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At P O Bendvia Chakulia Dist East Singhbhum located in Bend (Dist.East Singhbhum), Bend Disteast Singhbhum, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.