There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Dapora branch in Dapora (Dist. Burhanpur), Dapora Dist Burhanpur, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Dapora (Dist. Burhanpur) or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0009505. You should 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, Dapora, Dapora (Dist. Burhanpur)
Below in the table are the key details related to IFSC Code BKID0009505 of Bank Of India for its branch located in Dapora (Dist. Burhanpur), within the district of Dapora Dist Burhanpur in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009505 |
| Branch | Dapora |
| City | Dapora (Dist. Burhanpur) |
| District | Dapora Dist Burhanpur |
| State | Madhya Pradesh |
| Address | At Post Daporadistrict Burhanpur |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Dapora (Dist. Burhanpur) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009505 for the Dapora 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Dapora, Dapora (Dist. Burhanpur), Madhya Pradesh, is provided a unique IFSC like BKID0009505 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Dapora (Dist. Burhanpur).
- 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 Dapora (Dist. Burhanpur) and Dapora Dist Burhanpur.
- 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Dapora do not get misguided to another person.
Format of the IFSC Code BKID0009505
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Dapora in Dapora (Dist. Burhanpur).
For example, the IFSC Code BKID0009505 of Bank Of India for the Dapora branch includes these elements, identifying the bank and the branch location in Dapora (Dist. Burhanpur) and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0009505 of Bank Of India for its Dapora branch located in Dapora (Dist. Burhanpur), the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Dapora (Dist. Burhanpur) and Dapora Dist Burhanpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Dapora or Dapora (Dist. Burhanpur) to get the exact IFSC Code BKID0009505.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Dapora (Dist. Burhanpur) that will provide accurate information.
How to Use IFSC Code BKID0009505 for Online Transfers?
Once you have the IFSC Code BKID0009505 for the Dapora branch of Bank Of India in Dapora (Dist. Burhanpur), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009505. 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 BKID0009505.
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 Dapora in Dapora (Dist. Burhanpur), it can 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 Dapora, 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 Dapora (Dist. Burhanpur) manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009505.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Post Daporadistrict Burhanpur located in Dapora (Dist. Burhanpur), Dapora Dist Burhanpur, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.