For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Jamda branch in Jamda (Dist. Mayurbhanj), Jamda Dist Mayurbhanj, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Jamda (Dist. Mayurbhanj) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005460. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Jamda, Jamda (Dist. Mayurbhanj)

Here are some of the key details that come with the IFSC Code BKID0005460 of Bank Of India for its branch located in Jamda (Dist. Mayurbhanj), within the district of Jamda Dist Mayurbhanj in the state of Odisha.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005460
Branch Jamda
City Jamda (Dist. Mayurbhanj)
District Jamda Dist Mayurbhanj
State Odisha
Address At Post Jamdadistrict Mayurbhanj

These details helps users in online banking and for businesses and individuals who use Bank Of India in Jamda (Dist. Mayurbhanj) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005460 for the Jamda 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Jamda, Jamda (Dist. Mayurbhanj), Odisha, are allotted a unique IFSC like BKID0005460 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jamda (Dist. Mayurbhanj).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Jamda (Dist. Mayurbhanj) and Jamda Dist Mayurbhanj.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of India in Jamda reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005460

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Jamda in Jamda (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005460 of Bank Of India for the Jamda branch has these elements, identifying the bank and the branch location in Jamda (Dist. Mayurbhanj) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005460 of Bank Of India for its Jamda branch located in Jamda (Dist. Mayurbhanj), the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Jamda (Dist. Mayurbhanj) and Jamda Dist Mayurbhanj, print them on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Jamda or Jamda (Dist. Mayurbhanj) to get the exact IFSC Code BKID0005460.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Jamda (Dist. Mayurbhanj), you'll get the correct details.

How to Use IFSC Code BKID0005460 for Online Transfers?

If you have the IFSC Code BKID0005460 for the Jamda branch of Bank Of India in Jamda (Dist. Mayurbhanj), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005460. 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 BKID0005460.

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 Jamda in Jamda (Dist. Mayurbhanj), 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 Jamda, 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 Jamda (Dist. Mayurbhanj) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Jamda Jamda (Dist. Mayurbhanj)?

The IFSC Code of the Jamda Jamda (Dist. Mayurbhanj) branch is BKID0005460.

Is IFSC Code BKID0005460 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Jamda branch?

The branch is located at At Post Jamdadistrict Mayurbhanj.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.