IFSC Code of Bank Of India, Gotkhindi, Gotkhindi Dist Sangli, Maharashtra — BKID0001520

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 Gotkhindi branch in Gotkhindi (Dist Sangli), Gotkhindi Dist Sangli, 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 Gotkhindi (Dist Sangli) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001520. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Gotkhindi, Gotkhindi (Dist Sangli)

Here are the main details that are associated with the IFSC Code BKID0001520 of Bank Of India for its branch located in Gotkhindi (Dist Sangli), within the district of Gotkhindi Dist Sangli in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Gotkhindi (Dist Sangli) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001520 for the Gotkhindi 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Gotkhindi, Gotkhindi (Dist Sangli), Maharashtra, is provided with a unique IFSC like BKID0001520 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Gotkhindi (Dist Sangli).
• 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 Gotkhindi (Dist Sangli) and Gotkhindi Dist Sangli.
• 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 Gotkhindi do not get mixed with another location.

Format of the IFSC Code BKID0001520

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gotkhindi in Gotkhindi (Dist Sangli).

For example, the IFSC Code BKID0001520 of Bank Of India for the Gotkhindi branch includes these elements, identifying the bank and the branch location in Gotkhindi (Dist Sangli) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0001520 of Bank Of India for its Gotkhindi branch located in Gotkhindi (Dist Sangli), 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 Gotkhindi (Dist Sangli) and Gotkhindi Dist Sangli, 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 Gotkhindi or Gotkhindi (Dist Sangli) to find the exact IFSC Code BKID0001520.

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 Gotkhindi (Dist Sangli) will provide accurate information.

How to Use IFSC Code BKID0001520 for Online Transfers?

Once you have the IFSC Code BKID0001520 for the Gotkhindi branch of Bank Of India in Gotkhindi (Dist Sangli), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0001520. 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 BKID0001520.

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 Gotkhindi in Gotkhindi (Dist Sangli), your payment can get delayed or might not go through at all.

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 Gotkhindi, 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 Gotkhindi (Dist Sangli) manage online transfers as well as cheque clearances with ease.