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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Gurudwara Saheb branch in Chas (Jharkhand), Chas Jharkhand, or Jharkhand, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Chas (Jharkhand) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005856. 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, Gurudwara Saheb, Chas (Jharkhand)
Here are some of the key details that come with the IFSC Code BKID0005856 of Bank Of India for its branch located in Chas (Jharkhand), within the district of Chas Jharkhand in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005856 |
| Branch | Gurudwara Saheb |
| City | Chas (Jharkhand) |
| District | Chas Jharkhand |
| State | Jharkhand |
| Address | Gurudwara Road Chas Distt Bokaro |
These details help users in online banking and for businesses and individuals who use Bank Of India in Chas (Jharkhand) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005856 for the Gurudwara Saheb 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Gurudwara Saheb, Chas (Jharkhand), Jharkhand, are allotted a unique IFSC like BKID0005856 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chas (Jharkhand).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Chas (Jharkhand) and Chas Jharkhand.
- 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 Gurudwara Saheb reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID0005856
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): 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 Gurudwara Saheb in Chas (Jharkhand).
For example, the IFSC Code BKID0005856 of Bank Of India for the Gurudwara Saheb branch includes these elements, identifying the bank and the branch location in Chas (Jharkhand) and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0005856 of Bank Of India for its Gurudwara Saheb branch located in Chas (Jharkhand), 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 Chas (Jharkhand) and Chas Jharkhand, 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 Gurudwara Saheb or Chas (Jharkhand) to get the exact IFSC Code BKID0005856.
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 Chas (Jharkhand), then it will provide you proper information.
How to Use IFSC Code BKID0005856 for Online Transfers?
Once you have the IFSC Code BKID0005856 for the Gurudwara Saheb branch of Bank Of India in Chas (Jharkhand), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005856. 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 BKID0005856.
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 Gurudwara Saheb in Chas (Jharkhand) 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 Gurudwara Saheb, 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 Chas (Jharkhand) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gurudwara Saheb Chas (Jharkhand) branch is BKID0005856.
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 Gurudwara Road Chas Distt Bokaro.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.