IFSC Code of Bank Of India, Sirali, Harda, Madhya Pradesh- BKID0MG1003

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Sirali branch in Harda, Harda, Madhya Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Harda or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG1003. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Sirali, Harda

Here are the key points that are associated with the IFSC Code BKID0MG1003 of Bank Of India for its branch located in Harda, within the district of Harda in the state of Madhya Pradesh.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Harda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG1003 for the Sirali branch of Bank Of India plays a vital 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 BKID0MG1003 is given to every bank branch, including Bank Of India located in Sirali, Harda, Madhya Pradesh, 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 Harda.
• 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 Harda and Harda.
• 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Sirali doesn't end up at another location.

Format of the IFSC Code BKID0MG1003

The format of the IFSC Code for banks, including Bank Of India, has 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 Sirali in Harda.

For example, the IFSC Code BKID0MG1003 of Bank Of India for the Sirali branch includes these elements, identifying the bank and the branch location in Harda and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0MG1003 of Bank Of India for its Sirali branch located in Harda, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Harda and Harda, print them 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 Sirali or Harda to get the exact IFSC Code BKID0MG1003.

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 Harda, you'll get the correct details.

How to Use IFSC Code BKID0MG1003 for Online Transfers?

Once you have the IFSC Code BKID0MG1003 for the Sirali branch of Bank Of India in Harda, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0MG1003. 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 BKID0MG1003.

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 Sirali in Harda, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Sirali, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Harda manage online transfers as well as cheque clearances with ease.