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 Dhaiya branch in Dhanbad, Dhanbad, or Jharkhand, 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 Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004771. 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, Dhaiya, Dhanbad
Here are the key points that are associated with the IFSC Code BKID0004771 of Bank Of India for its branch located in Dhanbad, within the district of Dhanbad in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004771 |
| Branch | Dhaiya |
| City | Dhanbad |
| District | Dhanbad |
| State | Jharkhand |
| Address | Dhanbad Barwaadda Road Po Ism Dhanbad |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Dhanbad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004771 for the Dhaiya 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, along with Bank Of India located in Dhaiya, Dhanbad, Jharkhand, are allotted a unique IFSC like BKID0004771 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dhanbad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dhanbad and Dhanbad.
- 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 Dhaiya reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID0004771
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 Dhaiya in Dhanbad.
For example, the IFSC Code BKID0004771 of Bank Of India for the Dhaiya branch includes these elements, identifying the bank and the branch location in Dhanbad and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0004771 of Bank Of India for its Dhaiya branch located in Dhanbad, the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Dhanbad and Dhanbad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Dhaiya or Dhanbad to get the exact IFSC Code BKID0004771.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Dhanbad, then it will provide you proper information.
How to Use IFSC Code BKID0004771 for Online Transfers?
If you have the IFSC Code BKID0004771 for the Dhaiya branch of Bank Of India in Dhanbad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004771. 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 BKID0004771.
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 Dhaiya in Dhanbad, it may result in delayed or failed transactions.
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 Dhaiya, 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 Dhanbad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Dhaiya Dhanbad branch is BKID0004771.
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 Dhanbad Barwaadda Road Po Ism Dhanbad.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.