There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Boudh branch in Dist. Boudh (Orissa), Dist Boudh Orissa, Odisha, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Dist. Boudh (Orissa) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005159. You should 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, Boudh, Dist. Boudh (Orissa)
The table below shows the main details of the IFSC Code BKID0005159 for the Bank Of India branch in Dist. Boudh (Orissa), which falls under the Dist Boudh Orissa district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005159 |
| Branch | Boudh |
| City | Dist. Boudh (Orissa) |
| District | Dist Boudh Orissa |
| State | Odisha |
| Address | Plot No1659 Ward No7 Atboudhmarket Sahi Podistboudh Odisha 762014 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Dist. Boudh (Orissa) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005159 for the Boudh 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 Boudh, Dist. Boudh (Orissa), Odisha, are allotted a unique IFSC like BKID0005159 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dist. Boudh (Orissa).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dist. Boudh (Orissa) and Dist Boudh Orissa.
- 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 Boudh reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code BKID0005159
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Boudh in Dist. Boudh (Orissa).
For example, the IFSC Code BKID0005159 of Bank Of India for the Boudh branch includes these elements, identifying the bank and the branch location in Dist. Boudh (Orissa) and Odisha accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005159 of Bank Of India for its Boudh branch located in Dist. Boudh (Orissa), 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 Dist. Boudh (Orissa) and Dist Boudh Orissa, 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 Boudh or Dist. Boudh (Orissa) to get the exact IFSC Code BKID0005159.
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 Dist. Boudh (Orissa), you'll get the correct details.
How to Use IFSC Code BKID0005159 for Online Transfers?
If you have the IFSC Code BKID0005159 for the Boudh branch of Bank Of India in Dist. Boudh (Orissa), you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005159. 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 BKID0005159.
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 Boudh in Dist. Boudh (Orissa), it may 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 Boudh, 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 Dist. Boudh (Orissa) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005159.
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 Plot No1659 Ward No7 Atboudhmarket Sahi Podistboudh Odisha 762014 located in Dist. Boudh (Orissa), Dist Boudh Orissa, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.