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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Anjanvel branch in Guhaghar (Dist Ratnagiri), Guhaghar Dist Ratnagiri, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Guhaghar (Dist Ratnagiri) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001486. 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, Anjanvel, Guhaghar (Dist Ratnagiri)
Here are the key points that are associated with the IFSC Code BKID0001486 of Bank Of India for its branch located in Guhaghar (Dist Ratnagiri), within the district of Guhaghar Dist Ratnagiri in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0001486 |
| Branch | Anjanvel |
| City | Guhaghar (Dist Ratnagiri) |
| District | Guhaghar Dist Ratnagiri |
| State | Maharashtra |
| Address | 1St Floor Grampanchayat Buildinganjanveltal Guhagar |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Guhaghar (Dist Ratnagiri) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001486 for the Anjanvel branch of Bank Of India is vital.
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 Anjanvel, Guhaghar (Dist Ratnagiri), Maharashtra, are given a unique IFSC like BKID0001486 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Guhaghar (Dist Ratnagiri).
- 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 Guhaghar (Dist Ratnagiri) and Guhaghar Dist Ratnagiri.
- 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 Anjanvel goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0001486
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Anjanvel in Guhaghar (Dist Ratnagiri).
For example, the IFSC Code BKID0001486 of Bank Of India for the Anjanvel branch includes these elements, identifying the bank and the branch location in Guhaghar (Dist Ratnagiri) and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0001486 of Bank Of India for its Anjanvel branch located in Guhaghar (Dist Ratnagiri), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Guhaghar (Dist Ratnagiri) and Guhaghar Dist Ratnagiri, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Anjanvel or Guhaghar (Dist Ratnagiri) to get the exact IFSC Code BKID0001486.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Guhaghar (Dist Ratnagiri), then it will provide you proper information.
How to Use IFSC Code BKID0001486 for Online Transfers?
Once you have the IFSC Code BKID0001486 for the Anjanvel branch of Bank Of India in Guhaghar (Dist Ratnagiri), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0001486. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0001486.
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 Anjanvel in Guhaghar (Dist Ratnagiri), 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 Anjanvel, 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 Guhaghar (Dist Ratnagiri) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0001486.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 1St Floor Grampanchayat Buildinganjanveltal Guhagar located in Guhaghar (Dist Ratnagiri), Guhaghar Dist Ratnagiri, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.