IFSC Code of Bank Of India, Drupad, Godda Jarkhand, Jharkhand- BKID0005917

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 Drupad branch in Godda, Jarkhand, Godda Jarkhand, Jharkhand, 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 Godda, Jarkhand or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code BKID0005917. 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, Drupad, Godda, Jarkhand

Here are the main details that are associated with the IFSC Code BKID0005917 of Bank Of India for its branch located in Godda, Jarkhand, within the district of Godda Jarkhand in the state of Jharkhand.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Godda, Jarkhand for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005917 for the Drupad 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, including Bank Of India located in Drupad, Godda, Jarkhand, Jharkhand, is provided with a unique IFSC like BKID0005917 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Godda, Jarkhand.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Godda, Jarkhand and Godda Jarkhand.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Drupad do not get mixed with another location.

Format of the IFSC Code BKID0005917

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 Drupad in Godda, Jarkhand.

For example, the IFSC Code BKID0005917 of Bank Of India for the Drupad branch has these elements, identifying the bank and the branch location in Godda, Jarkhand and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005917 of Bank Of India for its Drupad branch located in Godda, Jarkhand, 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 Godda, Jarkhand and Godda Jarkhand, 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 Drupad or Godda, Jarkhand to find the exact IFSC Code BKID0005917.

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 Godda, Jarkhand will provide accurate information.

How to Use IFSC Code BKID0005917 for Online Transfers?

Once you have the IFSC Code BKID0005917 for the Drupad branch of Bank Of India in Godda, Jarkhand, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005917. 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 BKID0005917.

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 Drupad in Godda, Jarkhand, 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 Drupad, 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 Godda, Jarkhand manage their online transfers and cheque clearances easily.