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 Hingani branch in Hingani (Dist. Wardha), Hingani Dist Wardha, Maharashtra, 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 Hingani (Dist. Wardha) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009707. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Hingani, Hingani (Dist. Wardha)
Below in the table are the key details related to IFSC Code BKID0009707 of Bank Of India for its branch located in Hingani (Dist. Wardha), within the district of Hingani Dist Wardha in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009707 |
| Branch | Hingani |
| City | Hingani (Dist. Wardha) |
| District | Hingani Dist Wardha |
| State | Maharashtra |
| Address | At Post Hinganitehsil Seloo Dist Wardha |
These details help users in online banking and for businesses and individuals who use Bank Of India in Hingani (Dist. Wardha) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009707 for the Hingani 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, including Bank Of India located in Hingani, Hingani (Dist. Wardha), Maharashtra, is provided with a unique IFSC like BKID0009707 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Hingani (Dist. Wardha).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Hingani (Dist. Wardha) and Hingani Dist Wardha.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Hingani do not get mixed with another location.
Format of the IFSC Code BKID0009707
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 Hingani in Hingani (Dist. Wardha).
For example, the IFSC Code BKID0009707 of Bank Of India for the Hingani branch includes these elements, identifying the bank and the branch location in Hingani (Dist. Wardha) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0009707 of Bank Of India for its Hingani branch located in Hingani (Dist. Wardha), 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 Hingani (Dist. Wardha) and Hingani Dist Wardha, 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 Hingani or Hingani (Dist. Wardha) to find the exact IFSC Code BKID0009707.
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 Hingani (Dist. Wardha) will provide accurate information.
How to Use IFSC Code BKID0009707 for Online Transfers?
If you have the IFSC Code BKID0009707 for the Hingani branch of Bank Of India in Hingani (Dist. Wardha), you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009707. 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 BKID0009707.
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 Hingani in Hingani (Dist. Wardha), 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 Hingani, 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 Hingani (Dist. Wardha) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009707.
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 At Post Hinganitehsil Seloo Dist Wardha located in Hingani (Dist. Wardha), Hingani Dist Wardha, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.