The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Gokul Road branch in Hubli, Hubli, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of India located in Hubli or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008418. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Gokul Road, Hubli
Here are the main details that are associated with the IFSC Code BKID0008418 of Bank Of India for its branch located in Hubli, within the district of Hubli in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008418 |
| Branch | Gokul Road |
| City | Hubli |
| District | Hubli |
| State | Karnataka |
| Address | Gokul Road Branch Shiv Naga Plazabasaveshwar Nagar Cross Gokul Roadhubli |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Hubli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008418 for the Gokul Road 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, along with Bank Of India located in Gokul Road, Hubli, Karnataka, are given a unique IFSC like BKID0008418 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hubli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Hubli and Hubli.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Gokul Road goes to the correct branch. This is important because Bank Of India has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0008418
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Gokul Road in Hubli.
For example, the IFSC Code BKID0008418 of Bank Of India for the Gokul Road branch includes these elements, identifying the bank and the branch location in Hubli and Karnataka accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0008418 of Bank Of India for its Gokul Road branch located in Hubli, 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 Hubli and Hubli, 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 Gokul Road or Hubli to find the exact IFSC Code BKID0008418.
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 Hubli will provide accurate information.
How to Use IFSC Code BKID0008418 for Online Transfers?
Once you have the IFSC Code BKID0008418 for the Gokul Road branch of Bank Of India in Hubli, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008418. 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 BKID0008418.
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 Gokul Road in Hubli, 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 Gokul Road, 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 Hubli manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gokul Road Hubli branch is BKID0008418.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Gokul Road Branch Shiv Naga Plazabasaveshwar Nagar Cross Gokul Roadhubli.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
