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 Gaya branch in Gaya, Gaya, Bihar, 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 Gaya or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID000ZO86. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Gaya, Gaya
Below in the table are the key details related to IFSC Code BKID000ZO86 of Bank Of India for its branch located in Gaya, within the district of Gaya in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID000ZO86 |
| Branch | Gaya |
| City | Gaya |
| District | Gaya |
| State | Bihar |
| Address | Rajlaxmi Complex Opp Vishal Mega Mart Bank Of India Zonal Office Gaya 823001 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Gaya for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID000ZO86 for the Gaya 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Gaya, Gaya, Bihar, is provided a unique IFSC like BKID000ZO86 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Gaya.
- 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 Gaya and Gaya.
- 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 Bihar and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Gaya do not get misguided to another person.
Format of the IFSC Code BKID000ZO86
The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Gaya in Gaya.
For example, the IFSC Code BKID000ZO86 of Bank Of India for the Gaya branch has these elements, identifying the bank and the branch location in Gaya and Bihar correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID000ZO86 of Bank Of India for its Gaya branch located in Gaya, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Gaya and Gaya, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and go to the branch locator section. Then search for Gaya or Gaya to find the exact IFSC Code BKID000ZO86.
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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Gaya will provide accurate information.
How to Use IFSC Code BKID000ZO86 for Online Transfers?
Once you have the IFSC Code BKID000ZO86 for the Gaya branch of Bank Of India in Gaya, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID000ZO86. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Bank Of India IFSC Code BKID000ZO86.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Gaya in Gaya, your payment can get delayed or might not go through at all.
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 Gaya, 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 Gaya manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gaya Gaya branch is BKID000ZO86.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Rajlaxmi Complex Opp Vishal Mega Mart Bank Of India Zonal Office Gaya 823001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.