IFSC Code of Bank Of India, Aska, Ganjam, Odisha- BKID0005596

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 Aska branch in Ganjam, Ganjam, or Odisha, 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 Ganjam or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005596. 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, Aska, Ganjam

Here are the key points that are associated with the IFSC Code BKID0005596 of Bank Of India for its branch located in Ganjam, within the district of Ganjam in the state of Odisha.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Ganjam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005596 for the Aska branch of Bank Of India plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0005596 is given to every bank branch, including Bank Of India located in Aska, Ganjam, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Ganjam.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Ganjam and Ganjam.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Aska doesn't end up at another location.

Format of the IFSC Code BKID0005596

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 Aska in Ganjam.

For example, the IFSC Code BKID0005596 of Bank Of India for the Aska branch includes these elements, identifying the bank and the branch location in Ganjam and Odisha correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005596 of Bank Of India for its Aska branch located in Ganjam, 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 Ganjam and Ganjam, 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 Aska or Ganjam to get the exact IFSC Code BKID0005596.

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 Ganjam, you'll get the correct details.

How to Use IFSC Code BKID0005596 for Online Transfers?

If you have the IFSC Code BKID0005596 for the Aska branch of Bank Of India in Ganjam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005596. 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 BKID0005596.

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 Aska in Ganjam, 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 Aska, 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 Ganjam to handle online money transfers and get their cheques cleared smoothly.