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 Ldmo Gumla branch in Gumla, Gumla, 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 Gumla or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID000L170. 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, Ldmo Gumla, Gumla
The table below shows the main details of the IFSC Code BKID000L170 for the Bank Of India branch in Gumla, which falls under the Gumla district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID000L170 |
| Branch | Ldmo Gumla |
| City | Gumla |
| District | Gumla |
| State | Jharkhand |
| Address | Ldm Office Gumla Ra |
These details help users in online banking and for businesses and individuals who use Bank Of India in Gumla for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID000L170 for the Ldmo Gumla branch of Bank Of India has a very 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, along with Bank Of India located in Ldmo Gumla, Gumla, Jharkhand, are allotted a unique IFSC like BKID000L170 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gumla.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Gumla and Gumla.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Ldmo Gumla reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID000L170
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 Ldmo Gumla in Gumla.
For example, the IFSC Code BKID000L170 of Bank Of India for the Ldmo Gumla branch includes these elements, identifying the bank and the branch location in Gumla and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID000L170 of Bank Of India for its Ldmo Gumla branch located in Gumla, 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 Gumla and Gumla, 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 Ldmo Gumla or Gumla to find the exact IFSC Code BKID000L170.
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 Gumla will provide accurate information.
How to Use IFSC Code BKID000L170 for Online Transfers?
If you have the IFSC Code BKID000L170 for the Ldmo Gumla branch of Bank Of India in Gumla, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID000L170. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID000L170.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Ldmo Gumla in Gumla, it may 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 Ldmo Gumla, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Gumla to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID000L170.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Ldm Office Gumla Ra located in Gumla, Gumla, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.