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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Lahoria Chowk branch in Hissar, Hissar, Haryana, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Hissar or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code BKID0006762. 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, Lahoria Chowk, Hissar
The table below shows the main details of the IFSC Code BKID0006762 for the Bank Of India branch in Hissar, which falls under the Hissar district in Haryana.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006762 |
| Branch | Lahoria Chowk |
| City | Hissar |
| District | Hissar |
| State | Haryana |
| Address | Lahoria Chowk Vidya Mandirdist Hissar |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Hissar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0006762 for the Lahoria Chowk branch of Bank Of India is vital.
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 Lahoria Chowk, Hissar, Haryana, is provided with a unique IFSC like BKID0006762 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Hissar.
- 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 Hissar and Hissar.
- 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 Haryana and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Lahoria Chowk do not get mixed with another location.
Format of the IFSC Code BKID0006762
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 Lahoria Chowk in Hissar.
For example, the IFSC Code BKID0006762 of Bank Of India for the Lahoria Chowk branch includes these elements, identifying the bank and the branch location in Hissar and Haryana accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0006762 of Bank Of India for its Lahoria Chowk branch located in Hissar, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Hissar and Hissar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Lahoria Chowk or Hissar to get the exact IFSC Code BKID0006762.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Hissar that will provide accurate information.
How to Use IFSC Code BKID0006762 for Online Transfers?
If you have the IFSC Code BKID0006762 for the Lahoria Chowk branch of Bank Of India in Hissar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0006762. 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 BKID0006762.
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 Lahoria Chowk in Hissar, it may result in delayed or failed transactions.
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 Lahoria Chowk, 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 Hissar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0006762.
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 Lahoria Chowk Vidya Mandirdist Hissar located in Hissar, Hissar, Haryana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.