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 Itarsi branch in Itarsi (Mp), Itarsi Mp, Madhya Pradesh, 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 Itarsi (Mp) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009491. 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, Itarsi, Itarsi (Mp)
The table below shows the main details of the IFSC Code BKID0009491 for the Bank Of India branch in Itarsi (Mp), which falls under the Itarsi Mp district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009491 |
| Branch | Itarsi |
| City | Itarsi (Mp) |
| District | Itarsi Mp |
| State | Madhya Pradesh |
| Address | Bhardwaj Complex Near Govt Rest Housenehruganj Itarsi Dist Hoshangabad Mp |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Itarsi (Mp) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009491 for the Itarsi branch of Bank Of India plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Itarsi, Itarsi (Mp), Madhya Pradesh, is provided a unique IFSC like BKID0009491 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Itarsi (Mp).
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Itarsi (Mp) and Itarsi Mp.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Itarsi do not get misguided to another person.
Format of the IFSC Code BKID0009491
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 Itarsi in Itarsi (Mp).
For example, the IFSC Code BKID0009491 of Bank Of India for the Itarsi branch includes these elements, identifying the bank and the branch location in Itarsi (Mp) and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0009491 of Bank Of India for its Itarsi branch located in Itarsi (Mp), 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 Itarsi (Mp) and Itarsi Mp, 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 Itarsi or Itarsi (Mp) to find the exact IFSC Code BKID0009491.
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 Itarsi (Mp) will provide accurate information.
How to Use IFSC Code BKID0009491 for Online Transfers?
Once you have the IFSC Code BKID0009491 for the Itarsi branch of Bank Of India in Itarsi (Mp), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0009491. 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 BKID0009491.
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 Itarsi in Itarsi (Mp), your payment can get delayed or might not go through at all.
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 Itarsi, 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 Itarsi (Mp) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009491.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Bhardwaj Complex Near Govt Rest Housenehruganj Itarsi Dist Hoshangabad Mp located in Itarsi (Mp), Itarsi Mp, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
