IFSC Code of Bank Of India, Bohan, Hoshiarpur, Punjab — BKID0006322

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Bohan branch in Hoshiarpur, Hoshiarpur, Punjab, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Hoshiarpur or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code BKID0006322. You should 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, Bohan, Hoshiarpur

Here are the main details that are associated with the IFSC Code BKID0006322 of Bank Of India for its branch located in Hoshiarpur, within the district of Hoshiarpur in the state of Punjab.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Hoshiarpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006322 for the Bohan 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Bohan, Hoshiarpur, Punjab, is provided with a unique IFSC like BKID0006322 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Hoshiarpur.
• 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 Hoshiarpur and Hoshiarpur.
• 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Bohan do not get mixed with another location.

Format of the IFSC Code BKID0006322

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 Bohan in Hoshiarpur.

For example, the IFSC Code BKID0006322 of Bank Of India for the Bohan branch includes these elements, identifying the bank and the branch location in Hoshiarpur and Punjab accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0006322 of Bank Of India for its Bohan branch located in Hoshiarpur, 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 Hoshiarpur and Hoshiarpur, 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 Bohan or Hoshiarpur to find the exact IFSC Code BKID0006322.

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 Hoshiarpur will provide accurate information.

How to Use IFSC Code BKID0006322 for Online Transfers?

If you have the IFSC Code BKID0006322 for the Bohan branch of Bank Of India in Hoshiarpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0006322. 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 BKID0006322.

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 Bohan in Hoshiarpur, 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 Bohan, 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 Hoshiarpur manage their online transfers and cheque clearances easily.