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 Khodapipar branch in Khodapipar (Dist. Rajkot), Khodapipar Dist Rajkot, Gujarat, 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 Khodapipar (Dist. Rajkot) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0003106. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Khodapipar, Khodapipar (Dist. Rajkot)
Here are the main details that are associated with the IFSC Code BKID0003106 of Bank Of India for its branch located in Khodapipar (Dist. Rajkot), within the district of Khodapipar Dist Rajkot in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0003106 |
| Branch | Khodapipar |
| City | Khodapipar (Dist. Rajkot) |
| District | Khodapipar Dist Rajkot |
| State | Gujarat |
| Address | At Khodpipartaluka Paddhari Dist Rajkot |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Khodapipar (Dist. Rajkot) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0003106 for the Khodapipar branch of Bank Of India plays 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 Khodapipar, Khodapipar (Dist. Rajkot), Gujarat, are given a unique IFSC like BKID0003106 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Khodapipar (Dist. Rajkot).
- 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 Khodapipar (Dist. Rajkot) and Khodapipar Dist Rajkot.
- 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 Khodapipar goes to the correct branch. This is important because Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0003106
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Khodapipar in Khodapipar (Dist. Rajkot).
For example, the IFSC Code BKID0003106 of Bank Of India for the Khodapipar branch includes these elements, identifying the bank and the branch location in Khodapipar (Dist. Rajkot) and Gujarat accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0003106 of Bank Of India for its Khodapipar branch located in Khodapipar (Dist. Rajkot), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Khodapipar (Dist. Rajkot) and Khodapipar Dist Rajkot, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Khodapipar or Khodapipar (Dist. Rajkot) to get the exact IFSC Code BKID0003106.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Khodapipar (Dist. Rajkot), then it will provide you proper information.
How to Use IFSC Code BKID0003106 for Online Transfers?
Once you have the IFSC Code BKID0003106 for the Khodapipar branch of Bank Of India in Khodapipar (Dist. Rajkot), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0003106. 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 BKID0003106.
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 Khodapipar in Khodapipar (Dist. Rajkot) 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 Khodapipar, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Khodapipar (Dist. Rajkot) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Khodapipar Khodapipar (Dist. Rajkot) branch is BKID0003106.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at At Khodpipartaluka Paddhari Dist Rajkot.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.