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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Sector Twelve Bs City branch in Bokaro, Bokaro, Jharkhand, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Bokaro or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005867. 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, Sector Twelve Bs City, Bokaro
Below in the table are the key details related to IFSC Code BKID0005867 of Bank Of India for its branch located in Bokaro, within the district of Bokaro in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005867 |
| Branch | Sector Twelve Bs City |
| City | Bokaro |
| District | Bokaro |
| State | Jharkhand |
| Address | Mount Sion School Sector 12 D Bs Citydist Bokarojharkhand Pin Code 827012 |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Bokaro for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005867 for the Sector Twelve Bs City 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Sector Twelve Bs City, Bokaro, Jharkhand, are allotted a unique IFSC like BKID0005867 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bokaro.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bokaro and Bokaro.
- 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 Sector Twelve Bs City reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID0005867
The format of the IFSC Code for banks, including Bank Of India, has 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 Sector Twelve Bs City in Bokaro.
For example, the IFSC Code BKID0005867 of Bank Of India for the Sector Twelve Bs City branch includes these elements, identifying the bank and the branch location in Bokaro and Jharkhand correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005867 of Bank Of India for its Sector Twelve Bs City branch located in Bokaro, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Bokaro and Bokaro, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Sector Twelve Bs City or Bokaro to get the exact IFSC Code BKID0005867.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Bokaro that will provide accurate information.
How to Use IFSC Code BKID0005867 for Online Transfers?
Once you have the IFSC Code BKID0005867 for the Sector Twelve Bs City branch of Bank Of India in Bokaro, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005867. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0005867.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Sector Twelve Bs City in Bokaro 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 Sector Twelve Bs City, 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 Bokaro to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005867.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Mount Sion School Sector 12 D Bs Citydist Bokarojharkhand Pin Code 827012 located in Bokaro, Bokaro, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.