Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Fatepar Chanol branch in Fatepar-Chanol (Dist.Rajkot), Fatepar Chanol Distrajkot, or Gujarat, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Fatepar-Chanol (Dist.Rajkot) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0003122. You should definitely 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, Fatepar Chanol, Fatepar-Chanol (Dist.Rajkot)

Here are some of the key details that come with the IFSC Code BKID0003122 of Bank Of India for its branch located in Fatepar-Chanol (Dist.Rajkot), within the district of Fatepar Chanol Distrajkot in the state of Gujarat.

Particulars Details
Bank Bank Of India
IFSC Code BKID0003122
Branch Fatepar Chanol
City Fatepar-Chanol (Dist.Rajkot)
District Fatepar Chanol Distrajkot
State Gujarat
Address At Post Fatepar Chanoltaluka Paddhari Dist Rajkot

These details help users in online banking and for businesses and individuals who use Bank Of India in Fatepar-Chanol (Dist.Rajkot) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0003122 for the Fatepar Chanol 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 Fatepar Chanol, Fatepar-Chanol (Dist.Rajkot), Gujarat, are allotted a unique IFSC like BKID0003122 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Fatepar-Chanol (Dist.Rajkot).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Fatepar-Chanol (Dist.Rajkot) and Fatepar Chanol Distrajkot.
  • 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 Fatepar Chanol reaches the right place, even though there are thousands of branches in Gujarat and across India.

Format of the IFSC Code BKID0003122

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 Fatepar Chanol in Fatepar-Chanol (Dist.Rajkot).

For example, the IFSC Code BKID0003122 of Bank Of India for the Fatepar Chanol branch includes these elements, identifying the bank and the branch location in Fatepar-Chanol (Dist.Rajkot) and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0003122 of Bank Of India for its Fatepar Chanol branch located in Fatepar-Chanol (Dist.Rajkot), 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Fatepar-Chanol (Dist.Rajkot) and Fatepar Chanol Distrajkot, print them 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 Fatepar Chanol or Fatepar-Chanol (Dist.Rajkot) to get the exact IFSC Code BKID0003122.

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 Fatepar-Chanol (Dist.Rajkot), you'll get the correct details.

How to Use IFSC Code BKID0003122 for Online Transfers?

If you have the IFSC Code BKID0003122 for the Fatepar Chanol branch of Bank Of India in Fatepar-Chanol (Dist.Rajkot), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0003122. 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 BKID0003122.

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 Fatepar Chanol in Fatepar-Chanol (Dist.Rajkot), 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 Fatepar Chanol, 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 Fatepar-Chanol (Dist.Rajkot) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Fatepar Chanol, Fatepar-Chanol (Dist.Rajkot)?

The IFSC Code is BKID0003122.

Is the IFSC Code BKID0003122 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Fatepar Chanol?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Fatepar Chanol branch?

The address of the branch is At Post Fatepar Chanoltaluka Paddhari Dist Rajkot located in Fatepar-Chanol (Dist.Rajkot), Fatepar Chanol Distrajkot, Gujarat.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.