IFSC Code of Bank Of India, Kapila Prasad Market Complex, Bhubaneshwar, Odisha- BKID0005559

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 Kapila Prasad Market Complex branch in Bhubaneshwar, Bhubaneshwar, Odisha, 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 Bhubaneshwar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005559. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Kapila Prasad Market Complex, Bhubaneshwar

Here are some of the key details that come with the IFSC Code BKID0005559 of Bank Of India for its branch located in Bhubaneshwar, within the district of Bhubaneshwar in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bhubaneshwar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005559 for the Kapila Prasad Market Complex branch of Bank Of India is vital.

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 Kapila Prasad Market Complex, Bhubaneshwar, Odisha, is provided with a unique IFSC like BKID0005559 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Bhubaneshwar.
• 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 Bhubaneshwar and Bhubaneshwar.
• 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Kapila Prasad Market Complex do not get mixed with another location.

Format of the IFSC Code BKID0005559

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 Kapila Prasad Market Complex in Bhubaneshwar.

For example, the IFSC Code BKID0005559 of Bank Of India for the Kapila Prasad Market Complex branch includes these elements, identifying the bank and the branch location in Bhubaneshwar and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005559 of Bank Of India for its Kapila Prasad Market Complex branch located in Bhubaneshwar, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Bhubaneshwar and Bhubaneshwar, print them 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 Kapila Prasad Market Complex or Bhubaneshwar to get the exact IFSC Code BKID0005559.

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 Bhubaneshwar, you'll get the correct details.

How to Use IFSC Code BKID0005559 for Online Transfers?

Once you have the IFSC Code BKID0005559 for the Kapila Prasad Market Complex branch of Bank Of India in Bhubaneshwar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005559. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 BKID0005559.

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 Kapila Prasad Market Complex in Bhubaneshwar, your payment can get delayed or might not go through at all.

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 Kapila Prasad Market Complex, 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 Bhubaneshwar to handle online money transfers and get their cheques cleared smoothly.