IFSC Code of Bank Of India, Phoop, Bhind, Madhya Pradesh- BKID0MG9015

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 Phoop branch in Bhind, Bhind, Madhya Pradesh, 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 Bhind or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG9015. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Phoop, Bhind

Here are the key points that are associated with the IFSC Code BKID0MG9015 of Bank Of India for its branch located in Bhind, within the district of Bhind in the state of Madhya Pradesh.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Bhind for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG9015 for the Phoop 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Phoop, Bhind, Madhya Pradesh, is provided a unique IFSC like BKID0MG9015 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Bhind.
• 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 Bhind and Bhind.
• 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Phoop do not get misguided to another person.

Format of the IFSC Code BKID0MG9015

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 Phoop in Bhind.

For example, the IFSC Code BKID0MG9015 of Bank Of India for the Phoop branch includes these elements, identifying the bank and the branch location in Bhind and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0MG9015 of Bank Of India for its Phoop branch located in Bhind, 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 Bhind and Bhind, 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 Phoop or Bhind to get the exact IFSC Code BKID0MG9015.

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 Bhind, then it will provide you proper information.

How to Use IFSC Code BKID0MG9015 for Online Transfers?

Once you have the IFSC Code BKID0MG9015 for the Phoop branch of Bank Of India in Bhind, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0MG9015. 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 BKID0MG9015.

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 Phoop in Bhind, 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 Phoop, 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 Bhind manage online transfers as well as cheque clearances with ease.