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 Jawar branch in Jawar (Dist. Khandwa), Jawar Dist Khandwa, Madhya Pradesh, 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 Jawar (Dist. Khandwa) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009512. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Jawar, Jawar (Dist. Khandwa)
Here are the key points that are associated with the IFSC Code BKID0009512 of Bank Of India for its branch located in Jawar (Dist. Khandwa), within the district of Jawar Dist Khandwa in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009512 |
| Branch | Jawar |
| City | Jawar (Dist. Khandwa) |
| District | Jawar Dist Khandwa |
| State | Madhya Pradesh |
| Address | At Post Jawardistrict Khandwa |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Jawar (Dist. Khandwa) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009512 for the Jawar branch of Bank Of India has 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, along with Bank Of India located in Jawar, Jawar (Dist. Khandwa), Madhya Pradesh, are given a unique IFSC like BKID0009512 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jawar (Dist. Khandwa).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Jawar (Dist. Khandwa) and Jawar Dist Khandwa.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Jawar goes to the correct branch. This is important because Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0009512
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 Jawar in Jawar (Dist. Khandwa).
For example, the IFSC Code BKID0009512 of Bank Of India for the Jawar branch includes these elements, identifying the bank and the branch location in Jawar (Dist. Khandwa) and Madhya Pradesh correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0009512 of Bank Of India for its Jawar branch located in Jawar (Dist. Khandwa), 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
Most banks, including Bank Of India branches in Jawar (Dist. Khandwa) and Jawar Dist Khandwa, print the IFSC and MICR codes 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 Jawar or Jawar (Dist. Khandwa) to get the exact IFSC Code BKID0009512.
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 Jawar (Dist. Khandwa), you'll get the correct details.
How to Use IFSC Code BKID0009512 for Online Transfers?
Once you have the IFSC Code BKID0009512 for the Jawar branch of Bank Of India in Jawar (Dist. Khandwa), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009512. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0009512.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Jawar in Jawar (Dist. Khandwa), it can 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 Jawar, 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 Jawar (Dist. Khandwa) manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009512.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is At Post Jawardistrict Khandwa located in Jawar (Dist. Khandwa), Jawar Dist Khandwa, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.