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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Deorukh branch in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), Deorukh Tal Sangameshwar Distratnagiri, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001440. 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, Deorukh, Deorukh (Tal. Sangameshwar, Dist.Ratnagiri)

Below in the table are the key details related to IFSC Code BKID0001440 of Bank Of India for its branch located in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), within the district of Deorukh Tal Sangameshwar Distratnagiri in the state of Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0001440
Branch Deorukh
City Deorukh (Tal. Sangameshwar, Dist.Ratnagiri)
District Deorukh Tal Sangameshwar Distratnagiri
State Maharashtra
Address Bazar Peth At Post Deogukhtal Sangameshwar Distratnagiri

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001440 for the Deorukh branch of Bank Of India is vital.

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 Deorukh, Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), Maharashtra, is provided with a unique IFSC like BKID0001440 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of India branch in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri).
  • 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 Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) and Deorukh Tal Sangameshwar Distratnagiri.
  • 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Deorukh do not get mixed with another location.

Format of the IFSC Code BKID0001440

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 Deorukh in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri).

For example, the IFSC Code BKID0001440 of Bank Of India for the Deorukh branch includes these elements, identifying the bank and the branch location in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001440 of Bank Of India for its Deorukh branch located in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), 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 Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) and Deorukh Tal Sangameshwar Distratnagiri, 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 Deorukh or Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) to get the exact IFSC Code BKID0001440.

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 Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), you'll get the correct details.

How to Use IFSC Code BKID0001440 for Online Transfers?

Once you have the IFSC Code BKID0001440 for the Deorukh branch of Bank Of India in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0001440. 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 BKID0001440.

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 Deorukh in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri), your payment can get delayed or might not go through at all.

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 Deorukh, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Deorukh Deorukh (Tal. Sangameshwar, Dist.Ratnagiri)?

The IFSC Code of the Deorukh Deorukh (Tal. Sangameshwar, Dist.Ratnagiri) branch is BKID0001440.

Is IFSC Code BKID0001440 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Deorukh branch?

The branch is located at Bazar Peth At Post Deogukhtal Sangameshwar Distratnagiri.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.