IFSC Code of Bank Of India, Etapalli, Etapalli, Maharashtra- BKID0VG4045

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 Etapalli branch in Gadchiroli, Etapalli, Maharashtra, 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 Gadchiroli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0VG4045. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Etapalli, Gadchiroli

Below in the table are the key details related to IFSC Code BKID0VG4045 of Bank Of India for its branch located in Gadchiroli, within the district of Etapalli in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Gadchiroli for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0VG4045 for the Etapalli branch of Bank Of India is vital.

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 Etapalli, Gadchiroli, Maharashtra, is provided a unique IFSC like BKID0VG4045 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Gadchiroli.
• 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 Gadchiroli and Etapalli.
• 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Etapalli do not get misguided to another person.

Format of the IFSC Code BKID0VG4045

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 Etapalli in Gadchiroli.

For example, the IFSC Code BKID0VG4045 of Bank Of India for the Etapalli branch includes these elements, identifying the bank and the branch location in Gadchiroli and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0VG4045 of Bank Of India for its Etapalli branch located in Gadchiroli, the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Gadchiroli and Etapalli, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and find the branch locator section. Search for Etapalli or Gadchiroli to get the exact IFSC Code BKID0VG4045.

Mobile Banking App

If you use Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Bank Of India and Gadchiroli that will provide accurate information.

How to Use IFSC Code BKID0VG4045 for Online Transfers?

If you have the IFSC Code BKID0VG4045 for the Etapalli branch of Bank Of India in Gadchiroli, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0VG4045. 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 BKID0VG4045.

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 Etapalli in Gadchiroli, 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 Etapalli, 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 Gadchiroli to handle online money transfers and get their cheques cleared smoothly.