IFSC Code of Bank Of India, Maibong, Maibong, Assam — BKID0005054

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Maibong branch in Dima Hasao, Maibong, Assam, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Dima Hasao or anywhere in Assam can transfer funds instantly by using the correct IFSC Code BKID0005054. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Maibong, Dima Hasao

Here are the main details that are associated with the IFSC Code BKID0005054 of Bank Of India for its branch located in Dima Hasao, within the district of Maibong in the state of Assam.

These details help users in online banking and for businesses and individuals who use Bank Of India in Dima Hasao for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005054 for the Maibong branch of Bank Of India has a very 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 Maibong, Dima Hasao, Assam, are given a unique IFSC like BKID0005054 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Dima Hasao.
• 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 Dima Hasao and Maibong.
• 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 Maibong goes to the correct branch. This is important because Bank Of India has thousands of branches in Assam and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005054

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 Maibong in Dima Hasao.

For example, the IFSC Code BKID0005054 of Bank Of India for the Maibong branch includes these elements, identifying the bank and the branch location in Dima Hasao and Assam accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005054 of Bank Of India for its Maibong branch located in Dima Hasao, 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 Dima Hasao and Maibong, 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 Maibong or Dima Hasao to get the exact IFSC Code BKID0005054.

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 Dima Hasao, you'll get the correct details.

How to Use IFSC Code BKID0005054 for Online Transfers?

Once you have the IFSC Code BKID0005054 for the Maibong branch of Bank Of India in Dima Hasao, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005054. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0005054.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Maibong in Dima Hasao, it can 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 Maibong, 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 Dima Hasao to handle online money transfers and get their cheques cleared smoothly.