IFSC Code of Bank Of India, Dhamankar Naka Bhiwandi, Bhiwandi, Maharashtra — BKID0000251

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 Dhamankar Naka Bhiwandi branch in Bhiwandi, Bhiwandi, Maharashtra, 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 Bhiwandi or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000251. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Dhamankar Naka Bhiwandi, Bhiwandi

Here are some of the key details that come with the IFSC Code BKID0000251 of Bank Of India for its branch located in Bhiwandi, within the district of Bhiwandi in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Bhiwandi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000251 for the Dhamankar Naka Bhiwandi 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0000251 is given to every bank branch, including Bank Of India located in Dhamankar Naka Bhiwandi, Bhiwandi, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Bhiwandi.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Bhiwandi and Bhiwandi.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Dhamankar Naka Bhiwandi doesn't end up at another location.

Format of the IFSC Code BKID0000251

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 Dhamankar Naka Bhiwandi in Bhiwandi.

For example, the IFSC Code BKID0000251 of Bank Of India for the Dhamankar Naka Bhiwandi branch includes these elements, identifying the bank and the branch location in Bhiwandi and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000251 of Bank Of India for its Dhamankar Naka Bhiwandi branch located in Bhiwandi, 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 Bhiwandi and Bhiwandi, 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 Dhamankar Naka Bhiwandi or Bhiwandi to get the exact IFSC Code BKID0000251.

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 Bhiwandi, you'll get the correct details.

How to Use IFSC Code BKID0000251 for Online Transfers?

Once you have the IFSC Code BKID0000251 for the Dhamankar Naka Bhiwandi branch of Bank Of India in Bhiwandi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0000251. 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 BKID0000251.

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 Dhamankar Naka Bhiwandi in Bhiwandi, 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 Dhamankar Naka Bhiwandi, 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 Bhiwandi manage online transfers as well as cheque clearances with ease.