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 Madhupur branch in Deoghar Dist. Deoghar - Jharkhand, Deoghar Dist Deoghar Jharkhand, Jharkhand, 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 Deoghar Dist. Deoghar - Jharkhand or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004499. 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, Madhupur, Deoghar Dist. Deoghar - Jharkhand
The table below shows the main details of the IFSC Code BKID0004499 for the Bank Of India branch in Deoghar Dist. Deoghar - Jharkhand, which falls under the Deoghar Dist Deoghar Jharkhand district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004499 |
| Branch | Madhupur |
| City | Deoghar Dist. Deoghar - Jharkhand |
| District | Deoghar Dist Deoghar Jharkhand |
| State | Jharkhand |
| Address | Gandhi Chowk T P Bose Road At And Postmadhupur Dist Deoghar |
These details help users in online banking and for businesses and individuals who use Bank Of India in Deoghar Dist. Deoghar - Jharkhand for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004499 for the Madhupur 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, including Bank Of India located in Madhupur, Deoghar Dist. Deoghar - Jharkhand, Jharkhand, is provided with a unique IFSC like BKID0004499 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Deoghar Dist. Deoghar - Jharkhand.
- 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 Deoghar Dist. Deoghar - Jharkhand and Deoghar Dist Deoghar Jharkhand.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Madhupur do not get mixed with another location.
Format of the IFSC Code BKID0004499
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 Madhupur in Deoghar Dist. Deoghar - Jharkhand.
For example, the IFSC Code BKID0004499 of Bank Of India for the Madhupur branch includes these elements, identifying the bank and the branch location in Deoghar Dist. Deoghar - Jharkhand and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004499 of Bank Of India for its Madhupur branch located in Deoghar Dist. Deoghar - Jharkhand, 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 Deoghar Dist. Deoghar - Jharkhand and Deoghar Dist Deoghar Jharkhand, 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 Madhupur or Deoghar Dist. Deoghar - Jharkhand to get the exact IFSC Code BKID0004499.
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 Deoghar Dist. Deoghar - Jharkhand, you'll get the correct details.
How to Use IFSC Code BKID0004499 for Online Transfers?
Once you have the IFSC Code BKID0004499 for the Madhupur branch of Bank Of India in Deoghar Dist. Deoghar - Jharkhand, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0004499. 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 BKID0004499.
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 Madhupur in Deoghar Dist. Deoghar - Jharkhand, your payment can get delayed or might not go through at all.
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 Madhupur, 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 Deoghar Dist. Deoghar - Jharkhand manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Madhupur Deoghar Dist. Deoghar - Jharkhand branch is BKID0004499.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Gandhi Chowk T P Bose Road At And Postmadhupur Dist Deoghar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.