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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Kale Karad branch in Kale(Karad) Dist Satara, Kale Karad Dist Satara, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Kale(Karad) Dist Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001318. 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, Kale Karad, Kale(Karad) Dist Satara

The table below shows the main details of the IFSC Code BKID0001318 for the Bank Of India branch in Kale(Karad) Dist Satara, which falls under the Kale Karad Dist Satara district in Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0001318
Branch Kale Karad
City Kale(Karad) Dist Satara
District Kale Karad Dist Satara
State Maharashtra
Address At Post Kaletal Karad Dist Satara

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Kale(Karad) Dist Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001318 for the Kale Karad branch of Bank Of India is vital.

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 Kale Karad, Kale(Karad) Dist Satara, Maharashtra, are given a unique IFSC like BKID0001318 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kale(Karad) Dist Satara.
  • 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 Kale(Karad) Dist Satara and Kale Karad Dist Satara.
  • 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 Kale Karad goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0001318

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Kale Karad in Kale(Karad) Dist Satara.

For example, the IFSC Code BKID0001318 of Bank Of India for the Kale Karad branch includes these elements, identifying the bank and the branch location in Kale(Karad) Dist Satara and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001318 of Bank Of India for its Kale Karad branch located in Kale(Karad) Dist Satara, 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 Kale(Karad) Dist Satara and Kale Karad Dist Satara, 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 Kale Karad or Kale(Karad) Dist Satara to get the exact IFSC Code BKID0001318.

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 Kale(Karad) Dist Satara, you'll get the correct details.

How to Use IFSC Code BKID0001318 for Online Transfers?

Once you have the IFSC Code BKID0001318 for the Kale Karad branch of Bank Of India in Kale(Karad) Dist Satara, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001318. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0001318.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Kale Karad in Kale(Karad) Dist Satara 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 Kale Karad, 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 Kale(Karad) Dist Satara manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Kale Karad, Kale(Karad) Dist Satara?

The IFSC Code is BKID0001318.

Is the IFSC Code BKID0001318 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Kale Karad?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Kale Karad branch?

The address of the branch is At Post Kaletal Karad Dist Satara located in Kale(Karad) Dist Satara, Kale Karad Dist Satara, Maharashtra.

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.