IFSC Code of Bank Of India, Lonar Vkgb, Lonar Vkgb, Maharashtra- BKID0VG6035

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 Lonar Vkgb branch in Buldhana, Lonar Vkgb, Maharashtra, 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 Buldhana or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0VG6035. 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, Lonar Vkgb, Buldhana

The table below shows the main details of the IFSC Code BKID0VG6035 for the Bank Of India branch in Buldhana, which falls under the Lonar Vkgb district in Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Buldhana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0VG6035 for the Lonar Vkgb branch of Bank Of India has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Lonar Vkgb, Buldhana, Maharashtra, is provided a unique IFSC like BKID0VG6035 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Buldhana.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Buldhana and Lonar Vkgb.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Lonar Vkgb do not get misguided to another person.

Format of the IFSC Code BKID0VG6035

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Lonar Vkgb in Buldhana.

For example, the IFSC Code BKID0VG6035 of Bank Of India for the Lonar Vkgb branch has these elements, identifying the bank and the branch location in Buldhana and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0VG6035 of Bank Of India for its Lonar Vkgb branch located in Buldhana, 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 Buldhana and Lonar Vkgb, 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 Lonar Vkgb or Buldhana to find the exact IFSC Code BKID0VG6035.

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 Buldhana will provide accurate information.

How to Use IFSC Code BKID0VG6035 for Online Transfers?

Once you have the IFSC Code BKID0VG6035 for the Lonar Vkgb branch of Bank Of India in Buldhana, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0VG6035. 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 BKID0VG6035.

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 Lonar Vkgb in Buldhana, 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 Lonar Vkgb, 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 Buldhana to handle online money transfers and get their cheques cleared smoothly.