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 U C College branch in Ernakulam, Ernakulam, Kerala, 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 Ernakulam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code BKID0008566. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, U C College, Ernakulam
The table below shows the main details of the IFSC Code BKID0008566 for the Bank Of India branch in Ernakulam, which falls under the Ernakulam district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008566 |
| Branch | U C College |
| City | Ernakulam |
| District | Ernakulam |
| State | Kerala |
| Address | 1193 A Near Rural Medical Miuccollege Po Alengad |
These details help users in online banking and for businesses and individuals who use Bank Of India in Ernakulam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008566 for the U C College 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, including Bank Of India located in U C College, Ernakulam, Kerala, is provided with a unique IFSC like BKID0008566 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Ernakulam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Ernakulam and Ernakulam.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Kerala and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in U C College do not get mixed with another location.
Format of the IFSC Code BKID0008566
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 U C College in Ernakulam.
For example, the IFSC Code BKID0008566 of Bank Of India for the U C College branch includes these elements, identifying the bank and the branch location in Ernakulam and Kerala accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008566 of Bank Of India for its U C College branch located in Ernakulam, 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 Ernakulam and Ernakulam, 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 U C College or Ernakulam to get the exact IFSC Code BKID0008566.
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 Ernakulam, you'll get the correct details.
How to Use IFSC Code BKID0008566 for Online Transfers?
If you have the IFSC Code BKID0008566 for the U C College branch of Bank Of India in Ernakulam, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008566. 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 BKID0008566.
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 U C College in Ernakulam, 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 U C College, 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 Ernakulam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008566.
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 1193 A Near Rural Medical Miuccollege Po Alengad located in Ernakulam, Ernakulam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.