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 Nala branch in Jamtara, Jamtara, Jharkhand, 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 Jamtara or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004770. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Nala, Jamtara
Below in the table are the key details related to IFSC Code BKID0004770 of Bank Of India for its branch located in Jamtara, within the district of Jamtara in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004770 |
| Branch | Nala |
| City | Jamtara |
| District | Jamtara |
| State | Jharkhand |
| Address | Vill And Po Nala Dist Jamtara |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Jamtara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004770 for the Nala 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Nala, Jamtara, Jharkhand, is provided with a unique IFSC like BKID0004770 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Jamtara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Jamtara and Jamtara.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Nala do not get mixed with another location.
Format of the IFSC Code BKID0004770
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 Nala in Jamtara.
For example, the IFSC Code BKID0004770 of Bank Of India for the Nala branch has these elements, identifying the bank and the branch location in Jamtara and Jharkhand correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004770 of Bank Of India for its Nala branch located in Jamtara, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Jamtara and Jamtara, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Nala or Jamtara to get the exact IFSC Code BKID0004770.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Jamtara that will provide accurate information.
How to Use IFSC Code BKID0004770 for Online Transfers?
If you have the IFSC Code BKID0004770 for the Nala branch of Bank Of India in Jamtara, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004770. 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 BKID0004770.
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 Nala in Jamtara, it may result in delayed or failed transactions.
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 Nala, 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 Jamtara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004770.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vill And Po Nala Dist Jamtara located in Jamtara, Jamtara, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.