IFSC Code of Bank Of India, Chatra, Chatra Dist Chatra, Jharkhand- BKID0004814

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 Chatra branch in Chatra (Dist Chatra), Chatra Dist Chatra, 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 Chatra (Dist Chatra) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004814. 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, Chatra, Chatra (Dist Chatra)

Here are some of the key details that come with the IFSC Code BKID0004814 of Bank Of India for its branch located in Chatra (Dist Chatra), within the district of Chatra Dist Chatra 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 Chatra (Dist Chatra) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004814 for the Chatra 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 Chatra, Chatra (Dist Chatra), Jharkhand, are given a unique IFSC like BKID0004814 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Chatra (Dist Chatra).
• 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 Chatra (Dist Chatra) and Chatra Dist Chatra.
• 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 Chatra 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 BKID0004814

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 Chatra in Chatra (Dist Chatra).

For example, the IFSC Code BKID0004814 of Bank Of India for the Chatra branch includes these elements, identifying the bank and the branch location in Chatra (Dist Chatra) and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004814 of Bank Of India for its Chatra branch located in Chatra (Dist Chatra), 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

Most banks, including Bank Of India branches in Chatra (Dist Chatra) and Chatra Dist Chatra, print the IFSC and MICR codes 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 Chatra or Chatra (Dist Chatra) to get the exact IFSC Code BKID0004814.

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 Chatra (Dist Chatra), you'll get the correct details.

How to Use IFSC Code BKID0004814 for Online Transfers?

Once you have the IFSC Code BKID0004814 for the Chatra branch of Bank Of India in Chatra (Dist Chatra), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004814. 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 BKID0004814.

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 Chatra in Chatra (Dist Chatra), your payment can get delayed or might not go through at all.

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 Chatra, 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 Chatra (Dist Chatra) manage online transfers as well as cheque clearances with ease.