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 Dina Nagar branch in Gurdaspur, Gurdaspur, Punjab, 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 Gurdaspur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006347. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Dina Nagar, Gurdaspur
Below in the table are the key details related to IFSC Code BKID0006347 of Bank Of India for its branch located in Gurdaspur, within the district of Gurdaspur in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006347 |
| Branch | Dina Nagar |
| City | Gurdaspur |
| District | Gurdaspur |
| State | Punjab |
| Address | Amritsar Pathankot Gt Road Main Bazar Dina Nagar 143531 |
These details help users in online banking and for businesses and individuals who use Bank Of India in Gurdaspur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006347 for the Dina Nagar 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0006347 is given to every bank branch, including Bank Of India located in Dina Nagar, Gurdaspur, Punjab, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Gurdaspur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Gurdaspur and Gurdaspur.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Dina Nagar doesn't end up at another location.
Format of the IFSC Code BKID0006347
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 Dina Nagar in Gurdaspur.
For example, the IFSC Code BKID0006347 of Bank Of India for the Dina Nagar branch includes these elements, identifying the bank and the branch location in Gurdaspur and Punjab accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0006347 of Bank Of India for its Dina Nagar branch located in Gurdaspur, 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 Gurdaspur and Gurdaspur, 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 Dina Nagar or Gurdaspur to find the exact IFSC Code BKID0006347.
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 Gurdaspur will provide accurate information.
How to Use IFSC Code BKID0006347 for Online Transfers?
Once you have the IFSC Code BKID0006347 for the Dina Nagar branch of Bank Of India in Gurdaspur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0006347. 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 BKID0006347.
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 Dina Nagar in Gurdaspur, 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 Dina Nagar, 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 Gurdaspur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Dina Nagar Gurdaspur branch is BKID0006347.
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 Amritsar Pathankot Gt Road Main Bazar Dina Nagar 143531.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.