IFSC Code of Bank Of India, Maulaganj, Darbhanga, Bihar — BKID0005759

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 Maulaganj branch in Darbhanga, Darbhanga, Bihar, 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 Darbhanga or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code BKID0005759. 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, Maulaganj, Darbhanga

Here are some of the key details that come with the IFSC Code BKID0005759 of Bank Of India for its branch located in Darbhanga, within the district of Darbhanga in the state of Bihar.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Darbhanga for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005759 for the Maulaganj branch of Bank Of India plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0005759 is given to every bank branch, including Bank Of India located in Maulaganj, Darbhanga, Bihar, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Darbhanga.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Darbhanga and Darbhanga.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Maulaganj doesn't end up at another location.

Format of the IFSC Code BKID0005759

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Maulaganj in Darbhanga.

For example, the IFSC Code BKID0005759 of Bank Of India for the Maulaganj branch includes these elements, identifying the bank and the branch location in Darbhanga and Bihar accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005759 of Bank Of India for its Maulaganj branch located in Darbhanga, 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 Darbhanga and Darbhanga, 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 Maulaganj or Darbhanga to find the exact IFSC Code BKID0005759.

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 Darbhanga will provide accurate information.

How to Use IFSC Code BKID0005759 for Online Transfers?

Once you have the IFSC Code BKID0005759 for the Maulaganj branch of Bank Of India in Darbhanga, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005759. 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 BKID0005759.

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 Maulaganj in Darbhanga, 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 Maulaganj, 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 Darbhanga manage online transfers as well as cheque clearances with ease.