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 Chauparan branch in Chauparan (Dist.Hazaribagh), Chauparan Disthazaribagh, 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 Chauparan (Dist.Hazaribagh) or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code BKID0004803. 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, Chauparan, Chauparan (Dist.Hazaribagh)

Here are the key points that are associated with the IFSC Code BKID0004803 of Bank Of India for its branch located in Chauparan (Dist.Hazaribagh), within the district of Chauparan Disthazaribagh in the state of Jharkhand.

Particulars Details
Bank Bank Of India
IFSC Code BKID0004803
Branch Chauparan
City Chauparan (Dist.Hazaribagh)
District Chauparan Disthazaribagh
State Jharkhand
Address G T Roadp O Chauparan Dist Hazaribagh

These details helps users in online banking and for businesses and individuals who use Bank Of India in Chauparan (Dist.Hazaribagh) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004803 for the Chauparan branch of Bank Of India plays a vital 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 Chauparan, Chauparan (Dist.Hazaribagh), Jharkhand, are given a unique IFSC like BKID0004803 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Chauparan (Dist.Hazaribagh).
  • 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 Chauparan (Dist.Hazaribagh) and Chauparan Disthazaribagh.
  • 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 Chauparan 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 BKID0004803

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 Chauparan in Chauparan (Dist.Hazaribagh).

For example, the IFSC Code BKID0004803 of Bank Of India for the Chauparan branch includes these elements, identifying the bank and the branch location in Chauparan (Dist.Hazaribagh) and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0004803 of Bank Of India for its Chauparan branch located in Chauparan (Dist.Hazaribagh), 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 Chauparan (Dist.Hazaribagh) and Chauparan Disthazaribagh, 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 Chauparan or Chauparan (Dist.Hazaribagh) to find the exact IFSC Code BKID0004803.

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 Chauparan (Dist.Hazaribagh) will provide accurate information.

How to Use IFSC Code BKID0004803 for Online Transfers?

Once you have the IFSC Code BKID0004803 for the Chauparan branch of Bank Of India in Chauparan (Dist.Hazaribagh), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004803. 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 BKID0004803.

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 Chauparan in Chauparan (Dist.Hazaribagh) may 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 Chauparan, 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 Chauparan (Dist.Hazaribagh) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Chauparan, Chauparan (Dist.Hazaribagh)?

The IFSC Code is BKID0004803.

Is the IFSC Code BKID0004803 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Chauparan?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Chauparan branch?

The address of the branch is G T Roadp O Chauparan Dist Hazaribagh located in Chauparan (Dist.Hazaribagh), Chauparan Disthazaribagh, Jharkhand.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.