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 Chitradurga branch in Chitradurga, Chitradurga, Karnataka, 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 Chitradurga or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008967. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Chitradurga, Chitradurga

Below in the table are the key details related to IFSC Code BKID0008967 of Bank Of India for its branch located in Chitradurga, within the district of Chitradurga in the state of Karnataka.

Particulars Details
Bank Bank Of India
IFSC Code BKID0008967
Branch Chitradurga
City Chitradurga
District Chitradurga
State Karnataka
Address Ward No 28 5Th Block Jcr Extension Main Road Chitradurga 577501 Ka

These details help users in online banking and for businesses and individuals who use Bank Of India in Chitradurga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008967 for the Chitradurga 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 Chitradurga, Chitradurga, Karnataka, are allotted a unique IFSC like BKID0008967 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code BKID0008967

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 Chitradurga in Chitradurga.

For example, the IFSC Code BKID0008967 of Bank Of India for the Chitradurga branch has these elements, identifying the bank and the branch location in Chitradurga and Karnataka correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0008967 of Bank Of India for its Chitradurga branch located in Chitradurga, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Chitradurga and Chitradurga, print them 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 Chitradurga or Chitradurga to get the exact IFSC Code BKID0008967.

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 Chitradurga, you'll get the correct details.

How to Use IFSC Code BKID0008967 for Online Transfers?

Once you have the IFSC Code BKID0008967 for the Chitradurga branch of Bank Of India in Chitradurga, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008967. 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 BKID0008967.

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 Chitradurga in Chitradurga 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 Chitradurga, 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 Chitradurga to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Chitradurga Chitradurga?

The IFSC Code of the Chitradurga Chitradurga branch is BKID0008967.

Is IFSC Code BKID0008967 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Chitradurga branch?

The branch is located at Ward No 28 5Th Block Jcr Extension Main Road Chitradurga 577501 Ka.

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.