IFSC Code of Bank Of India, Jashipur, Jashipur Dist Mayurbhanj, Odisha — BKID0005502

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 Jashipur branch in Jashipur (Dist. Mayurbhanj), Jashipur 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 Jashipur (Dist. Mayurbhanj) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005502. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

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

The table below shows the main details of the IFSC Code BKID0005502 for the Bank Of India branch in Jashipur (Dist. Mayurbhanj), which falls under the Jashipur Dist Mayurbhanj district in Odisha.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Jashipur (Dist. Mayurbhanj) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005502 for the Jashipur 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, including Bank Of India located in Jashipur, Jashipur (Dist. Mayurbhanj), Odisha, is provided with a unique IFSC like BKID0005502 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Jashipur (Dist. Mayurbhanj).
• 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 Jashipur (Dist. Mayurbhanj) and Jashipur Dist Mayurbhanj.
• 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Jashipur do not get mixed with another location.

Format of the IFSC Code BKID0005502

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 Jashipur in Jashipur (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005502 of Bank Of India for the Jashipur branch has these elements, identifying the bank and the branch location in Jashipur (Dist. Mayurbhanj) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005502 of Bank Of India for its Jashipur branch located in Jashipur (Dist. Mayurbhanj), 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 Jashipur (Dist. Mayurbhanj) and Jashipur Dist Mayurbhanj, 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 Jashipur or Jashipur (Dist. Mayurbhanj) to find the exact IFSC Code BKID0005502.

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 Jashipur (Dist. Mayurbhanj) will provide accurate information.

How to Use IFSC Code BKID0005502 for Online Transfers?

Once you have the IFSC Code BKID0005502 for the Jashipur branch of Bank Of India in Jashipur (Dist. Mayurbhanj), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005502. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 BKID0005502.

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 Jashipur in Jashipur (Dist. Mayurbhanj), your payment can get delayed or might not go through at all.

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