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 Dodwa branch in Dodwa (Dist.Khargone), Dodwa Distkhargone, Madhya Pradesh, 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 Dodwa (Dist.Khargone) or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0009929. 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, Dodwa, Dodwa (Dist.Khargone)
Below in the table are the key details related to IFSC Code BKID0009929 of Bank Of India for its branch located in Dodwa (Dist.Khargone), within the district of Dodwa Distkhargone in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009929 |
| Branch | Dodwa |
| City | Dodwa (Dist.Khargone) |
| District | Dodwa Distkhargone |
| State | Madhya Pradesh |
| Address | Village P O Dodwaindore Khandwa Statehighway Dist Khargone |
These details help users in online banking and for businesses and individuals who use Bank Of India in Dodwa (Dist.Khargone) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009929 for the Dodwa 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Dodwa, Dodwa (Dist.Khargone), Madhya Pradesh, is provided a unique IFSC like BKID0009929 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Dodwa (Dist.Khargone).
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Dodwa (Dist.Khargone) and Dodwa Distkhargone.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Dodwa do not get misguided to another person.
Format of the IFSC Code BKID0009929
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 Dodwa in Dodwa (Dist.Khargone).
For example, the IFSC Code BKID0009929 of Bank Of India for the Dodwa branch includes these elements, identifying the bank and the branch location in Dodwa (Dist.Khargone) and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0009929 of Bank Of India for its Dodwa branch located in Dodwa (Dist.Khargone), 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 Dodwa (Dist.Khargone) and Dodwa Distkhargone, 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 Dodwa or Dodwa (Dist.Khargone) to get the exact IFSC Code BKID0009929.
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 Dodwa (Dist.Khargone), then it will provide you proper information.
How to Use IFSC Code BKID0009929 for Online Transfers?
Once you have the IFSC Code BKID0009929 for the Dodwa branch of Bank Of India in Dodwa (Dist.Khargone), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009929. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0009929.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Dodwa in Dodwa (Dist.Khargone) 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 Dodwa, 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 Dodwa (Dist.Khargone) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009929.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Village P O Dodwaindore Khandwa Statehighway Dist Khargone located in Dodwa (Dist.Khargone), Dodwa Distkhargone, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.