There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Sohsarai branch in Bihar Sharif, Bihar Sharif, Bihar, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Bihar Sharif or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code BKID0004862. You should 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, Sohsarai, Bihar Sharif
The table below shows the main details of the IFSC Code BKID0004862 for the Bank Of India branch in Bihar Sharif, which falls under the Bihar Sharif district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004862 |
| Branch | Sohsarai |
| City | Bihar Sharif |
| District | Bihar Sharif |
| State | Bihar |
| Address | Ramchanderpurbazar Samitibiharsharif Dist Nalanda |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Bihar Sharif for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004862 for the Sohsarai 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 Sohsarai, Bihar Sharif, Bihar, is provided with a unique IFSC like BKID0004862 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Bihar Sharif.
- 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 Bihar Sharif and Bihar Sharif.
- 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 Bihar and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Sohsarai do not get mixed with another location.
Format of the IFSC Code BKID0004862
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 Sohsarai in Bihar Sharif.
For example, the IFSC Code BKID0004862 of Bank Of India for the Sohsarai branch includes these elements, identifying the bank and the branch location in Bihar Sharif and Bihar accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004862 of Bank Of India for its Sohsarai branch located in Bihar Sharif, 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 Bihar Sharif and Bihar Sharif, 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 Sohsarai or Bihar Sharif to get the exact IFSC Code BKID0004862.
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 Bihar Sharif, you'll get the correct details.
How to Use IFSC Code BKID0004862 for Online Transfers?
If you have the IFSC Code BKID0004862 for the Sohsarai branch of Bank Of India in Bihar Sharif, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004862. 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 BKID0004862.
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 Sohsarai in Bihar Sharif, 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 Sohsarai, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Bihar Sharif manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sohsarai Bihar Sharif branch is BKID0004862.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ramchanderpurbazar Samitibiharsharif Dist Nalanda.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.