IFSC Code of Bank Of India, Ghasipura, Ghasipura District Keonjhar, Odisha — BKID0005402

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Ghasipura branch in Ghasipura (District Keonjhar), Ghasipura District Keonjhar, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Ghasipura (District Keonjhar) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005402. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Ghasipura, Ghasipura (District Keonjhar)

Here are some of the key details that come with the IFSC Code BKID0005402 of Bank Of India for its branch located in Ghasipura (District Keonjhar), within the district of Ghasipura District Keonjhar in the state of Odisha.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Ghasipura (District Keonjhar) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005402 for the Ghasipura branch of Bank Of India plays a vital 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 Ghasipura, Ghasipura (District Keonjhar), Odisha, are given a unique IFSC like BKID0005402 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ghasipura (District Keonjhar).
• 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 Ghasipura (District Keonjhar) and Ghasipura District Keonjhar.
• 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 Ghasipura goes to the correct branch. This is important because Bank Of India has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005402

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): 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 Ghasipura in Ghasipura (District Keonjhar).

For example, the IFSC Code BKID0005402 of Bank Of India for the Ghasipura branch includes these elements, identifying the bank and the branch location in Ghasipura (District Keonjhar) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005402 of Bank Of India for its Ghasipura branch located in Ghasipura (District Keonjhar), 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 Ghasipura (District Keonjhar) and Ghasipura District Keonjhar, 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 Ghasipura or Ghasipura (District Keonjhar) to get the exact IFSC Code BKID0005402.

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 Ghasipura (District Keonjhar) that will provide accurate information.

How to Use IFSC Code BKID0005402 for Online Transfers?

Once you have the IFSC Code BKID0005402 for the Ghasipura branch of Bank Of India in Ghasipura (District Keonjhar), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005402. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0005402.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Ghasipura in Ghasipura (District Keonjhar) 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 Ghasipura, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Ghasipura (District Keonjhar) manage online transfers as well as cheque clearances with ease.