IFSC Code of Bank Of India, Chimthane, Chimthane Dist Dhule, Maharashtra — BKID0000692

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Chimthane branch in Chimthane (Dist Dhule), Chimthane Dist Dhule, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Chimthane (Dist Dhule) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000692. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Chimthane, Chimthane (Dist Dhule)

Here are some of the key details that come with the IFSC Code BKID0000692 of Bank Of India for its branch located in Chimthane (Dist Dhule), within the district of Chimthane Dist Dhule in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Chimthane (Dist Dhule) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000692 for the Chimthane 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 Chimthane, Chimthane (Dist Dhule), Maharashtra, are allotted a unique IFSC like BKID0000692 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Chimthane (Dist Dhule).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Chimthane (Dist Dhule) and Chimthane Dist Dhule.
• 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 Chimthane reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code BKID0000692

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 Chimthane in Chimthane (Dist Dhule).

For example, the IFSC Code BKID0000692 of Bank Of India for the Chimthane branch includes these elements, identifying the bank and the branch location in Chimthane (Dist Dhule) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0000692 of Bank Of India for its Chimthane branch located in Chimthane (Dist Dhule), 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 Chimthane (Dist Dhule) and Chimthane Dist Dhule, 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 Chimthane or Chimthane (Dist Dhule) to find the exact IFSC Code BKID0000692.

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 Chimthane (Dist Dhule) will provide accurate information.

How to Use IFSC Code BKID0000692 for Online Transfers?

Once you have the IFSC Code BKID0000692 for the Chimthane branch of Bank Of India in Chimthane (Dist Dhule), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000692. 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 BKID0000692.

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 Chimthane in Chimthane (Dist Dhule) may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Chimthane, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Chimthane (Dist Dhule) manage their online transfers and cheque clearances easily.