IFSC Code of Bank Of India, Guwahati Sme, Guwahati, Assam — BKID0005055

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 Guwahati Sme branch in Guwahati, Guwahati, or Assam, 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 Guwahati or anywhere in Assam can transfer funds instantly by using the correct IFSC Code BKID0005055. 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, Guwahati Sme, Guwahati

Here are the key points that are associated with the IFSC Code BKID0005055 of Bank Of India for its branch located in Guwahati, within the district of Guwahati in the state of Assam.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Guwahati for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005055 for the Guwahati Sme branch of Bank Of India has an 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 BKID0005055 is given to every bank branch, including Bank Of India located in Guwahati Sme, Guwahati, Assam, 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 Guwahati.
• 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 Guwahati and Guwahati.
• 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 Assam and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Guwahati Sme doesn't end up at another location.

Format of the IFSC Code BKID0005055

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): Show the bank code. For Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Guwahati Sme in Guwahati.

For example, the IFSC Code BKID0005055 of Bank Of India for the Guwahati Sme branch includes these elements, identifying the bank and the branch location in Guwahati and Assam accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005055 of Bank Of India for its Guwahati Sme branch located in Guwahati, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Guwahati and Guwahati, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Guwahati Sme or Guwahati to get the exact IFSC Code BKID0005055.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Guwahati, you'll get the correct details.

How to Use IFSC Code BKID0005055 for Online Transfers?

Once you have the IFSC Code BKID0005055 for the Guwahati Sme branch of Bank Of India in Guwahati, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005055. 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 BKID0005055.

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 Guwahati Sme in Guwahati, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Guwahati Sme, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Guwahati manage their online transfers and cheque clearances easily.