IFSC Code of Bank Of India, Choundhi, Choundhi Dist Raigad, Maharashtra- BKID0001220

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Choundhi branch in Choundhi (Dist Raigad), Choundhi Dist Raigad, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Choundhi (Dist Raigad) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001220. 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, Choundhi, Choundhi (Dist Raigad)

Here are the main details that are associated with the IFSC Code BKID0001220 of Bank Of India for its branch located in Choundhi (Dist Raigad), within the district of Choundhi Dist Raigad in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Choundhi (Dist Raigad) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001220 for the Choundhi branch of Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Choundhi, Choundhi (Dist Raigad), Maharashtra, is provided a unique IFSC like BKID0001220 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Choundhi (Dist Raigad).
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Choundhi (Dist Raigad) and Choundhi Dist Raigad.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Choundhi do not get misguided to another person.

Format of the IFSC Code BKID0001220

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 Choundhi in Choundhi (Dist Raigad).

For example, the IFSC Code BKID0001220 of Bank Of India for the Choundhi branch includes these elements, identifying the bank and the branch location in Choundhi (Dist Raigad) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001220 of Bank Of India for its Choundhi branch located in Choundhi (Dist Raigad), 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 Choundhi (Dist Raigad) and Choundhi Dist Raigad, 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 Choundhi or Choundhi (Dist Raigad) to get the exact IFSC Code BKID0001220.

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

How to Use IFSC Code BKID0001220 for Online Transfers?

Once you have the IFSC Code BKID0001220 for the Choundhi branch of Bank Of India in Choundhi (Dist Raigad), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001220. 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 BKID0001220.

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 Choundhi in Choundhi (Dist Raigad) 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 Choundhi, 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 Choundhi (Dist Raigad) to handle online money transfers and get their cheques cleared smoothly.