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 Tankapani Road branch in Bhubaneshwar, Bhubaneshwar, or Odisha, 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 Bhubaneshwar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005571. 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, Tankapani Road, Bhubaneshwar
Here are the main details that are associated with the IFSC Code BKID0005571 of Bank Of India for its branch located in Bhubaneshwar, within the district of Bhubaneshwar in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005571 |
| Branch | Tankapani Road |
| City | Bhubaneshwar |
| District | Bhubaneshwar |
| State | Odisha |
| Address | Plot No 1298 P Brahmeswarpatnatankpani Roadd Bhubaneswar |
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 BKID0005571 for the Tankapani Road 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, along with Bank Of India located in Tankapani Road, Bhubaneshwar, Odisha, are allotted a unique IFSC like BKID0005571 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhubaneshwar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhubaneshwar and Bhubaneshwar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Tankapani Road reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code BKID0005571
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 Tankapani Road in Bhubaneshwar.
For example, the IFSC Code BKID0005571 of Bank Of India for the Tankapani Road 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?
To find the IFSC Code BKID0005571 of Bank Of India for its Tankapani Road branch located in Bhubaneshwar, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Bhubaneshwar and Bhubaneshwar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and go to the branch locator section. Then search for Tankapani Road or Bhubaneshwar to find the exact IFSC Code BKID0005571.
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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Bhubaneshwar will provide accurate information.
How to Use IFSC Code BKID0005571 for Online Transfers?
Once you have the IFSC Code BKID0005571 for the Tankapani Road branch of Bank Of India in Bhubaneshwar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005571. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0005571.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Tankapani Road in Bhubaneshwar, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Tankapani Road, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Bhubaneshwar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005571.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Plot No 1298 P Brahmeswarpatnatankpani Roadd Bhubaneswar located in Bhubaneshwar, Bhubaneshwar, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.