The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Desari branch in Desari, Desari, Bihar, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of India located in Desari or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0005784. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Desari, Desari
Here are some of the key details that come with the IFSC Code BKID0005784 of Bank Of India for its branch located in Desari, within the district of Desari in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005784 |
| Branch | Desari |
| City | Desari |
| District | Desari |
| State | Bihar |
| Address | Bank Of India Desari Patel Chowkdist Vaishali Bihar 844504 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Desari for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005784 for the Desari branch of Bank Of India has 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, including Bank Of India located in Desari, Desari, Bihar, is provided with a unique IFSC like BKID0005784 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Desari.
- 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 Desari and Desari.
- 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 Bihar and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Desari do not get mixed with another location.
Format of the IFSC Code BKID0005784
The format of the IFSC Code for banks, including Bank Of India, has 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 Desari in Desari.
For example, the IFSC Code BKID0005784 of Bank Of India for the Desari branch includes these elements, identifying the bank and the branch location in Desari and Bihar correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0005784 of Bank Of India for its Desari branch located in Desari, 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 Desari and Desari, 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 Desari or Desari to find the exact IFSC Code BKID0005784.
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 Desari will provide accurate information.
How to Use IFSC Code BKID0005784 for Online Transfers?
Once you have the IFSC Code BKID0005784 for the Desari branch of Bank Of India in Desari, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005784. 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 BKID0005784.
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 Desari in Desari, 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 Desari, 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 Desari to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005784.
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 Bank Of India Desari Patel Chowkdist Vaishali Bihar 844504 located in Desari, Desari, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.