IFSC Code of Bank Of India, Gwarighat Road, Jabalpur, Madhya Pradesh- BKID0MG1216

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Gwarighat Road branch in Jabalpur, Jabalpur, or Madhya Pradesh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG1216. 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, Gwarighat Road, Jabalpur

Here are the main details that are associated with the IFSC Code BKID0MG1216 of Bank Of India for its branch located in Jabalpur, within the district of Jabalpur in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Jabalpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG1216 for the Gwarighat Road 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 Gwarighat Road, Jabalpur, Madhya Pradesh, is provided a unique IFSC like BKID0MG1216 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Jabalpur.
• 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 Jabalpur and Jabalpur.
• 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 Gwarighat Road do not get misguided to another person.

Format of the IFSC Code BKID0MG1216

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gwarighat Road in Jabalpur.

For example, the IFSC Code BKID0MG1216 of Bank Of India for the Gwarighat Road branch includes these elements, identifying the bank and the branch location in Jabalpur and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0MG1216 of Bank Of India for its Gwarighat Road branch located in Jabalpur, 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 Jabalpur and Jabalpur, 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 Gwarighat Road or Jabalpur to find the exact IFSC Code BKID0MG1216.

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 Jabalpur will provide accurate information.

How to Use IFSC Code BKID0MG1216 for Online Transfers?

Once you have the IFSC Code BKID0MG1216 for the Gwarighat Road branch of Bank Of India in Jabalpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0MG1216. 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 BKID0MG1216.

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 Gwarighat Road in Jabalpur, 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 Gwarighat 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 Jabalpur manage online transfers as well as cheque clearances with ease.