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 Chakulia branch in Chakulia (Purbi Singhbhum), Chakulia Purbi Singhbhum, Jharkhand, 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 Chakulia (Purbi Singhbhum) or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code BKID0004760. 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, Chakulia, Chakulia (Purbi Singhbhum)
Below in the table are the key details related to IFSC Code BKID0004760 of Bank Of India for its branch located in Chakulia (Purbi Singhbhum), within the district of Chakulia Purbi Singhbhum in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004760 |
| Branch | Chakulia |
| City | Chakulia (Purbi Singhbhum) |
| District | Chakulia Purbi Singhbhum |
| State | Jharkhand |
| Address | Purana Bazar Chakuliapost Chakulia Distt Purbi Singhbhum |
These details help users in online banking and for businesses and individuals who use Bank Of India in Chakulia (Purbi Singhbhum) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004760 for the Chakulia 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0004760 is given to every bank branch, including Bank Of India located in Chakulia, Chakulia (Purbi Singhbhum), Jharkhand, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Chakulia (Purbi Singhbhum).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Chakulia (Purbi Singhbhum) and Chakulia Purbi Singhbhum.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Chakulia doesn't end up at another location.
Format of the IFSC Code BKID0004760
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 Chakulia in Chakulia (Purbi Singhbhum).
For example, the IFSC Code BKID0004760 of Bank Of India for the Chakulia branch includes these elements, identifying the bank and the branch location in Chakulia (Purbi Singhbhum) and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004760 of Bank Of India for its Chakulia branch located in Chakulia (Purbi Singhbhum), 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
You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Chakulia (Purbi Singhbhum) and Chakulia Purbi Singhbhum, print them 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 Chakulia or Chakulia (Purbi Singhbhum) to get the exact IFSC Code BKID0004760.
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 Chakulia (Purbi Singhbhum), you'll get the correct details.
How to Use IFSC Code BKID0004760 for Online Transfers?
Once you have the IFSC Code BKID0004760 for the Chakulia branch of Bank Of India in Chakulia (Purbi Singhbhum), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004760. 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 BKID0004760.
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 Chakulia in Chakulia (Purbi Singhbhum), it can 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 Chakulia, 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 Chakulia (Purbi Singhbhum) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004760.
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 Purana Bazar Chakuliapost Chakulia Distt Purbi Singhbhum located in Chakulia (Purbi Singhbhum), Chakulia Purbi Singhbhum, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.