IFSC Code of Bank Of India, Chawindadevi, Chawindadevi Amritsar, Punjab- BKID0006311

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Chawindadevi branch in Chawindadevi (Amritsar), Chawindadevi Amritsar, Punjab, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Chawindadevi (Amritsar) or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006311. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Chawindadevi, Chawindadevi (Amritsar)

Here are the key points that are associated with the IFSC Code BKID0006311 of Bank Of India for its branch located in Chawindadevi (Amritsar), within the district of Chawindadevi Amritsar in the state of Punjab.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Chawindadevi (Amritsar) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006311 for the Chawindadevi branch of Bank Of India has 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, including Bank Of India located in Chawindadevi, Chawindadevi (Amritsar), Punjab, is provided with a unique IFSC like BKID0006311 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Chawindadevi (Amritsar).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Chawindadevi (Amritsar) and Chawindadevi Amritsar.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Punjab and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Chawindadevi do not get mixed with another location.

Format of the IFSC Code BKID0006311

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 Chawindadevi in Chawindadevi (Amritsar).

For example, the IFSC Code BKID0006311 of Bank Of India for the Chawindadevi branch has these elements, identifying the bank and the branch location in Chawindadevi (Amritsar) and Punjab correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0006311 of Bank Of India for its Chawindadevi branch located in Chawindadevi (Amritsar), 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 Chawindadevi (Amritsar) and Chawindadevi Amritsar, 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 Chawindadevi or Chawindadevi (Amritsar) to get the exact IFSC Code BKID0006311.

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 Chawindadevi (Amritsar), then it will provide you proper information.

How to Use IFSC Code BKID0006311 for Online Transfers?

Once you have the IFSC Code BKID0006311 for the Chawindadevi branch of Bank Of India in Chawindadevi (Amritsar), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0006311. 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 BKID0006311.

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 Chawindadevi in Chawindadevi (Amritsar), it can 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 Chawindadevi, 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 Chawindadevi (Amritsar) manage online transfers as well as cheque clearances with ease.