IFSC Code of Bank Of India, Bhagabandi, Bhagabandi Dist East Singhbhum, Jharkhand- BKID0004514

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Bhagabandi branch in Bhagabandi (Dist. East Singhbhum), Bhagabandi Dist East Singhbhum, or Jharkhand, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Bhagabandi (Dist. East Singhbhum) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004514. 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, Bhagabandi, Bhagabandi (Dist. East Singhbhum)

The table below shows the main details of the IFSC Code BKID0004514 for the Bank Of India branch in Bhagabandi (Dist. East Singhbhum), which falls under the Bhagabandi Dist East Singhbhum district in Jharkhand.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Bhagabandi (Dist. East Singhbhum) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004514 for the Bhagabandi 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, including Bank Of India located in Bhagabandi, Bhagabandi (Dist. East Singhbhum), Jharkhand, is provided with a unique IFSC like BKID0004514 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Bhagabandi (Dist. East Singhbhum).
• 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 Bhagabandi (Dist. East Singhbhum) and Bhagabandi Dist East Singhbhum.
• 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Bhagabandi do not get mixed with another location.

Format of the IFSC Code BKID0004514

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 Bhagabandi in Bhagabandi (Dist. East Singhbhum).

For example, the IFSC Code BKID0004514 of Bank Of India for the Bhagabandi branch includes these elements, identifying the bank and the branch location in Bhagabandi (Dist. East Singhbhum) and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0004514 of Bank Of India for its Bhagabandi branch located in Bhagabandi (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 Bhagabandi (Dist. East Singhbhum) and Bhagabandi Dist East 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 Bhagabandi or Bhagabandi (Dist. East Singhbhum) to get the exact IFSC Code BKID0004514.

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 Bhagabandi (Dist. East Singhbhum), then it will provide you proper information.

How to Use IFSC Code BKID0004514 for Online Transfers?

Once you have the IFSC Code BKID0004514 for the Bhagabandi branch of Bank Of India in Bhagabandi (Dist. East Singhbhum), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004514. 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 BKID0004514.

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 Bhagabandi in Bhagabandi (Dist. East Singhbhum) 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 Bhagabandi, 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 Bhagabandi (Dist. East Singhbhum) manage online transfers as well as cheque clearances with ease.