IFSC Code of Bank Of India, Khargone Sme, Khargone, Madhya Pradesh- BKID0009900

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Khargone Sme branch in Khargone, Khargone, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Khargone or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0009900. You should 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, Khargone Sme, Khargone

The table below shows the main details of the IFSC Code BKID0009900 for the Bank Of India branch in Khargone, which falls under the Khargone district in Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Khargone for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009900 for the Khargone Sme 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, including Bank Of India located in Khargone Sme, Khargone, Madhya Pradesh, is provided with a unique IFSC like BKID0009900 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Khargone.
• 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 Khargone and Khargone.
• 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Khargone Sme do not get mixed with another location.

Format of the IFSC Code BKID0009900

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 Khargone Sme in Khargone.

For example, the IFSC Code BKID0009900 of Bank Of India for the Khargone Sme branch has these elements, identifying the bank and the branch location in Khargone and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0009900 of Bank Of India for its Khargone Sme branch located in Khargone, 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 Khargone and Khargone, 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 Khargone Sme or Khargone to find the exact IFSC Code BKID0009900.

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 Khargone will provide accurate information.

How to Use IFSC Code BKID0009900 for Online Transfers?

If you have the IFSC Code BKID0009900 for the Khargone Sme branch of Bank Of India in Khargone, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009900. 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 BKID0009900.

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 Khargone Sme in Khargone, it may 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 Khargone Sme, 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 Khargone manage online transfers as well as cheque clearances with ease.