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 Godda branch in Godda, Jarkhand, Godda Jarkhand, or Jharkhand, 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 Godda, Jarkhand or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005910. 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, Godda, Godda, Jarkhand
Here are the main details that are associated with the IFSC Code BKID0005910 of Bank Of India for its branch located in Godda, Jarkhand, within the district of Godda Jarkhand in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005910 |
| Branch | Godda |
| City | Godda, Jarkhand |
| District | Godda Jarkhand |
| State | Jharkhand |
| Address | Po At Godda Nahar Chauk |
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 BKID0005910 for the Godda 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Godda, Godda, Jarkhand, Jharkhand, is provided a unique IFSC like BKID0005910 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Godda, Jarkhand.
- 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 Godda, Jarkhand and Godda Jarkhand.
- 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 Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Godda do not get misguided to another person.
Format of the IFSC Code BKID0005910
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 Godda in Godda, Jarkhand.
For example, the IFSC Code BKID0005910 of Bank Of India for the Godda branch includes these elements, identifying the bank and the branch location in Godda, Jarkhand and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005910 of Bank Of India for its Godda branch located in Godda, Jarkhand, 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 Godda, Jarkhand and Godda Jarkhand, 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 Godda or Godda, Jarkhand to get the exact IFSC Code BKID0005910.
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 Godda, Jarkhand, you'll get the correct details.
How to Use IFSC Code BKID0005910 for Online Transfers?
Once you have the IFSC Code BKID0005910 for the Godda branch of Bank Of India in Godda, Jarkhand, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005910. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0005910.
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 Godda in Godda, Jarkhand, 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 Godda, 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.
Frequently Asked Questions (FAQs)
The IFSC Code of the Godda Godda, Jarkhand branch is BKID0005910.
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 Po At Godda Nahar Chauk.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.