IFSC Code of Bank Of India, St Xaviers School Bokaro, Bokaro, Jharkhand — BKID0004859

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 St Xaviers School Bokaro 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 BKID0004859. 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, St Xaviers School Bokaro, Bokaro

Here are some of the key details that come with the IFSC Code BKID0004859 of Bank Of India for its branch located in Bokaro, within the district of Bokaro in the state of Jharkhand.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Bokaro for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004859 for the St Xaviers School Bokaro branch of Bank Of India plays an important 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 St Xaviers School Bokaro, Bokaro, Jharkhand, are given a unique IFSC like BKID0004859 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 any kind of 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 helps ensure that any money sent to Bank Of India in St Xaviers School Bokaro goes to the correct branch. This is important because Bank Of India has thousands of branches in Jharkhand and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0004859

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 St Xaviers School Bokaro in Bokaro.

For example, the IFSC Code BKID0004859 of Bank Of India for the St Xaviers School Bokaro 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 looking for the IFSC Code BKID0004859 of Bank Of India for its St Xaviers School Bokaro branch located in Bokaro, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the 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

You can visit the official website of Bank Of India and look for the branch locator section, then search for St Xaviers School Bokaro or Bokaro to get the exact IFSC Code BKID0004859.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Bokaro, then it will provide you proper information.

How to Use IFSC Code BKID0004859 for Online Transfers?

Once you have the IFSC Code BKID0004859 for the St Xaviers School Bokaro 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 BKID0004859. 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 BKID0004859.

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 St Xaviers School Bokaro in Bokaro may result in delayed or failed transactions.

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 St Xaviers School Bokaro, 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 Bokaro manage online transfers as well as cheque clearances with ease.