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 Raisinghnagar branch in Ganganagar, Ganganagar, Rajasthan, 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 Ganganagar or anywhere in Rajasthan can easily transfer funds instantly by using the correct IFSC Code BKID0007469. 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, Raisinghnagar, Ganganagar
Here are some of the key details that come with the IFSC Code BKID0007469 of Bank Of India for its branch located in Ganganagar, within the district of Ganganagar in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0007469 |
| Branch | Raisinghnagar |
| City | Ganganagar |
| District | Ganganagar |
| State | Rajasthan |
| Address | Shop No 78Warehouse Roadraisinghnagardist Sri Ganaganagarrajasthan 335051 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Ganganagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0007469 for the Raisinghnagar branch of Bank Of India has an 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 Raisinghnagar, Ganganagar, Rajasthan, are given a unique IFSC like BKID0007469 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ganganagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Ganganagar and Ganganagar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Raisinghnagar goes to the correct branch. This is important because Bank Of India has thousands of branches in Rajasthan and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0007469
The format of the IFSC Code for banks, including Bank Of India, has 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 Raisinghnagar in Ganganagar.
For example, the IFSC Code BKID0007469 of Bank Of India for the Raisinghnagar branch includes these elements, identifying the bank and the branch location in Ganganagar and Rajasthan correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0007469 of Bank Of India for its Raisinghnagar branch located in Ganganagar, 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 Ganganagar and Ganganagar, 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 Raisinghnagar or Ganganagar to get the exact IFSC Code BKID0007469.
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 Ganganagar, you'll get the correct details.
How to Use IFSC Code BKID0007469 for Online Transfers?
Once you have the IFSC Code BKID0007469 for the Raisinghnagar branch of Bank Of India in Ganganagar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0007469. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0007469.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Raisinghnagar in Ganganagar, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Raisinghnagar, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Ganganagar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0007469.
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 Shop No 78Warehouse Roadraisinghnagardist Sri Ganaganagarrajasthan 335051 located in Ganganagar, Ganganagar, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.