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 Bodhwada branch in Dhar, Dhar, Madhya Pradesh, 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 Dhar or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG6035. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Bodhwada, Dhar
Here are the main details that are associated with the IFSC Code BKID0MG6035 of Bank Of India for its branch located in Dhar, within the district of Dhar in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0MG6035 |
| Branch | Bodhwada |
| City | Dhar |
| District | Dhar |
| State | Madhya Pradesh |
| Address | Bodhwada |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Dhar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG6035 for the Bodhwada 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, along with Bank Of India located in Bodhwada, Dhar, Madhya Pradesh, are given a unique IFSC like BKID0MG6035 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dhar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Dhar and Dhar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Bodhwada goes to the correct branch. This is important because Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0MG6035
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 Bodhwada in Dhar.
For example, the IFSC Code BKID0MG6035 of Bank Of India for the Bodhwada branch includes these elements, identifying the bank and the branch location in Dhar and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0MG6035 of Bank Of India for its Bodhwada branch located in Dhar, 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 Dhar and Dhar, 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 Bodhwada or Dhar to get the exact IFSC Code BKID0MG6035.
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 Dhar, then it will provide you proper information.
How to Use IFSC Code BKID0MG6035 for Online Transfers?
Once you have the IFSC Code BKID0MG6035 for the Bodhwada branch of Bank Of India in Dhar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0MG6035. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0MG6035.
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 Bodhwada in Dhar, 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 Bodhwada, 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 Dhar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bodhwada Dhar branch is BKID0MG6035.
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 Bodhwada.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.