The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Bhanvad branch in Bhanvad (Dist Jamnagar), Bhanvad Dist Jamnagar, Gujarat, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Bhanvad (Dist Jamnagar) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0003262. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Bhanvad, Bhanvad (Dist Jamnagar)

Here are the key points that are associated with the IFSC Code BKID0003262 of Bank Of India for its branch located in Bhanvad (Dist Jamnagar), within the district of Bhanvad Dist Jamnagar in the state of Gujarat.

Particulars Details
Bank Bank Of India
IFSC Code BKID0003262
Branch Bhanvad
City Bhanvad (Dist Jamnagar)
District Bhanvad Dist Jamnagar
State Gujarat
Address Near Post Office Gandhi Roadpost Box No 7 Bhanvad Dist Jamnagar

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Bhanvad (Dist Jamnagar) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0003262 for the Bhanvad branch of Bank Of India plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Bhanvad, Bhanvad (Dist Jamnagar), Gujarat, is provided a unique IFSC like BKID0003262 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of India branch in Bhanvad (Dist Jamnagar).
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Bhanvad (Dist Jamnagar) and Bhanvad Dist Jamnagar.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Bhanvad do not get misguided to another person.

Format of the IFSC Code BKID0003262

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bhanvad in Bhanvad (Dist Jamnagar).

For example, the IFSC Code BKID0003262 of Bank Of India for the Bhanvad branch includes these elements, identifying the bank and the branch location in Bhanvad (Dist Jamnagar) and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0003262 of Bank Of India for its Bhanvad branch located in Bhanvad (Dist Jamnagar), the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Bhanvad (Dist Jamnagar) and Bhanvad Dist Jamnagar, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Bhanvad or Bhanvad (Dist Jamnagar) to get the exact IFSC Code BKID0003262.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Bhanvad (Dist Jamnagar), you'll get the correct details.

How to Use IFSC Code BKID0003262 for Online Transfers?

If you have the IFSC Code BKID0003262 for the Bhanvad branch of Bank Of India in Bhanvad (Dist Jamnagar), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0003262. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0003262.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Bhanvad in Bhanvad (Dist Jamnagar), it 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 Bhanvad, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Bhanvad (Dist Jamnagar) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Bhanvad Bhanvad (Dist Jamnagar)?

The IFSC Code of the Bhanvad Bhanvad (Dist Jamnagar) branch is BKID0003262.

Is IFSC Code BKID0003262 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Bhanvad branch?

The branch is located at Near Post Office Gandhi Roadpost Box No 7 Bhanvad Dist Jamnagar.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.