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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Kadabarang branch in Kadabarang (Dist. Bhadrak), Kadabarang Dist Bhadrak, or Odisha, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Kadabarang (Dist. Bhadrak) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005357. 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, Kadabarang, Kadabarang (Dist. Bhadrak)
Here are some of the key details that come with the IFSC Code BKID0005357 of Bank Of India for its branch located in Kadabarang (Dist. Bhadrak), within the district of Kadabarang Dist Bhadrak in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005357 |
| Branch | Kadabarang |
| City | Kadabarang (Dist. Bhadrak) |
| District | Kadabarang Dist Bhadrak |
| State | Odisha |
| Address | At Po Kadabarangvia Randiahat Dis Bhadrak |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Kadabarang (Dist. Bhadrak) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005357 for the Kadabarang 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 Kadabarang, Kadabarang (Dist. Bhadrak), Odisha, is provided with a unique IFSC like BKID0005357 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Kadabarang (Dist. Bhadrak).
- 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 Kadabarang (Dist. Bhadrak) and Kadabarang Dist Bhadrak.
- 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 Kadabarang do not get mixed with another location.
Format of the IFSC Code BKID0005357
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 Kadabarang in Kadabarang (Dist. Bhadrak).
For example, the IFSC Code BKID0005357 of Bank Of India for the Kadabarang branch has these elements, identifying the bank and the branch location in Kadabarang (Dist. Bhadrak) and Odisha correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0005357 of Bank Of India for its Kadabarang branch located in Kadabarang (Dist. Bhadrak), 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 Kadabarang (Dist. Bhadrak) and Kadabarang Dist Bhadrak, 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 Kadabarang or Kadabarang (Dist. Bhadrak) to find the exact IFSC Code BKID0005357.
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 Kadabarang (Dist. Bhadrak) will provide accurate information.
How to Use IFSC Code BKID0005357 for Online Transfers?
Once you have the IFSC Code BKID0005357 for the Kadabarang branch of Bank Of India in Kadabarang (Dist. Bhadrak), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005357. 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 BKID0005357.
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 Kadabarang in Kadabarang (Dist. Bhadrak), it can 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 Kadabarang, 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 Kadabarang (Dist. Bhadrak) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005357.
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 At Po Kadabarangvia Randiahat Dis Bhadrak located in Kadabarang (Dist. Bhadrak), Kadabarang Dist Bhadrak, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.