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 Deoli branch in Deoli (Distt Wardha) Mh, Deoli Distt Wardha Mh, Maharashtra, 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 Deoli (Distt Wardha) Mh or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0009722. 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, Deoli, Deoli (Distt Wardha) Mh
Here are the main details that are associated with the IFSC Code BKID0009722 of Bank Of India for its branch located in Deoli (Distt Wardha) Mh, within the district of Deoli Distt Wardha Mh in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009722 |
| Branch | Deoli |
| City | Deoli (Distt Wardha) Mh |
| District | Deoli Distt Wardha Mh |
| State | Maharashtra |
| Address | House Of Shri Dp Dafre Ward No8Deoli At Po Deoli Distt Wardha |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Deoli (Distt Wardha) Mh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009722 for the Deoli 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Deoli, Deoli (Distt Wardha) Mh, Maharashtra, are allotted a unique IFSC like BKID0009722 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Deoli (Distt Wardha) Mh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Deoli (Distt Wardha) Mh and Deoli Distt Wardha Mh.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Deoli reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BKID0009722
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 Deoli in Deoli (Distt Wardha) Mh.
For example, the IFSC Code BKID0009722 of Bank Of India for the Deoli branch includes these elements, identifying the bank and the branch location in Deoli (Distt Wardha) Mh and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0009722 of Bank Of India for its Deoli branch located in Deoli (Distt Wardha) Mh, 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
Most banks, including Bank Of India branches in Deoli (Distt Wardha) Mh and Deoli Distt Wardha Mh, print the IFSC and MICR codes 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 Deoli or Deoli (Distt Wardha) Mh to get the exact IFSC Code BKID0009722.
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 Deoli (Distt Wardha) Mh, you'll get the correct details.
How to Use IFSC Code BKID0009722 for Online Transfers?
If you have the IFSC Code BKID0009722 for the Deoli branch of Bank Of India in Deoli (Distt Wardha) Mh, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009722. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0009722.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Deoli in Deoli (Distt Wardha) Mh, it 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 Deoli, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Deoli (Distt Wardha) Mh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009722.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is House Of Shri Dp Dafre Ward No8Deoli At Po Deoli Distt Wardha located in Deoli (Distt Wardha) Mh, Deoli Distt Wardha Mh, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.