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 Tirora branch in Gondia, Tirora, Maharashtra, 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 Gondia or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0VG5045. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Tirora, Gondia
Below in the table are the key details related to IFSC Code BKID0VG5045 of Bank Of India for its branch located in Gondia, within the district of Tirora in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0VG5045 |
| Branch | Tirora |
| City | Gondia |
| District | Tirora |
| State | Maharashtra |
| Address | Vidharbh Konkan Gramin Banktirora Branch At Po Tirora Station Road Tal Tirora Dist Gondia Bhandara Maharashtra 111111 Indiabhandara |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Gondia for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0VG5045 for the Tirora 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, including Bank Of India located in Tirora, Gondia, Maharashtra, is provided with a unique IFSC like BKID0VG5045 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Gondia.
- 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 Gondia and Tirora.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Tirora do not get mixed with another location.
Format of the IFSC Code BKID0VG5045
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 Tirora in Gondia.
For example, the IFSC Code BKID0VG5045 of Bank Of India for the Tirora branch has these elements, identifying the bank and the branch location in Gondia and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0VG5045 of Bank Of India for its Tirora branch located in Gondia, 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 Gondia and Tirora, 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 Tirora or Gondia to find the exact IFSC Code BKID0VG5045.
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 Gondia will provide accurate information.
How to Use IFSC Code BKID0VG5045 for Online Transfers?
Once you have the IFSC Code BKID0VG5045 for the Tirora branch of Bank Of India in Gondia, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0VG5045. 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 BKID0VG5045.
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 Tirora in Gondia, it can 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 Tirora, 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 Gondia manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0VG5045.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vidharbh Konkan Gramin Banktirora Branch At Po Tirora Station Road Tal Tirora Dist Gondia Bhandara Maharashtra 111111 Indiabhandara located in Gondia, Tirora, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.