IFSC Code of Bank Of India, Sutlej Market, Jallandhar, Punjab — BKID0006404

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 Sutlej Market branch in Jallandhar, Jallandhar, Punjab, 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 Jallandhar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006404. 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, Sutlej Market, Jallandhar

Here are some of the key details that come with the IFSC Code BKID0006404 of Bank Of India for its branch located in Jallandhar, within the district of Jallandhar in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Jallandhar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006404 for the Sutlej Market branch of Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0006404 is given to every bank branch, including Bank Of India located in Sutlej Market, Jallandhar, Punjab, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Jallandhar.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Jallandhar and Jallandhar.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Sutlej Market doesn't end up at another location.

Format of the IFSC Code BKID0006404

The format of the IFSC Code for banks, including Bank Of India, has 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 Sutlej Market in Jallandhar.

For example, the IFSC Code BKID0006404 of Bank Of India for the Sutlej Market branch includes these elements, identifying the bank and the branch location in Jallandhar and Punjab correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0006404 of Bank Of India for its Sutlej Market branch located in Jallandhar, 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 Jallandhar and Jallandhar, 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 Sutlej Market or Jallandhar to find the exact IFSC Code BKID0006404.

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 Jallandhar will provide accurate information.

How to Use IFSC Code BKID0006404 for Online Transfers?

Once you have the IFSC Code BKID0006404 for the Sutlej Market branch of Bank Of India in Jallandhar, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0006404. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0006404.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Sutlej Market in Jallandhar may result in delayed or failed transactions.

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 Sutlej Market, 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 Jallandhar manage online transfers as well as cheque clearances with ease.