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 Dakor branch in Dakor (Dist.Kheda), Dakor Distkheda, Gujarat, 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 Dakor (Dist.Kheda) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002809. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Dakor, Dakor (Dist.Kheda)
Here are the main details that are associated with the IFSC Code BKID0002809 of Bank Of India for its branch located in Dakor (Dist.Kheda), within the district of Dakor Distkheda in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002809 |
| Branch | Dakor |
| City | Dakor (Dist.Kheda) |
| District | Dakor Distkheda |
| State | Gujarat |
| Address | Sunder Bazardakor Dist Khedadakor |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Dakor (Dist.Kheda) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002809 for the Dakor 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, including Bank Of India located in Dakor, Dakor (Dist.Kheda), Gujarat, is provided with a unique IFSC like BKID0002809 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Dakor (Dist.Kheda).
- 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 Dakor (Dist.Kheda) and Dakor Distkheda.
- 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Dakor do not get mixed with another location.
Format of the IFSC Code BKID0002809
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 Dakor in Dakor (Dist.Kheda).
For example, the IFSC Code BKID0002809 of Bank Of India for the Dakor branch includes these elements, identifying the bank and the branch location in Dakor (Dist.Kheda) and Gujarat accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0002809 of Bank Of India for its Dakor branch located in Dakor (Dist.Kheda), 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 Dakor (Dist.Kheda) and Dakor Distkheda, 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 Dakor or Dakor (Dist.Kheda) to find the exact IFSC Code BKID0002809.
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 Dakor (Dist.Kheda) will provide accurate information.
How to Use IFSC Code BKID0002809 for Online Transfers?
Once you have the IFSC Code BKID0002809 for the Dakor branch of Bank Of India in Dakor (Dist.Kheda), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0002809. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0002809.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Dakor in Dakor (Dist.Kheda), your payment can get delayed or might not go through at all.
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 Dakor, 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 Dakor (Dist.Kheda) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0002809.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Sunder Bazardakor Dist Khedadakor located in Dakor (Dist.Kheda), Dakor Distkheda, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.