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 Stpi Bhubaneswar branch in Khurda, Bhubaneswar, 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 Khurda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005599. 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, Stpi Bhubaneswar, Khurda
The table below shows the main details of the IFSC Code BKID0005599 for the Bank Of India branch in Khurda, which falls under the Bhubaneswar district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005599 |
| Branch | Stpi Bhubaneswar |
| City | Khurda |
| District | Bhubaneswar |
| State | Odisha |
| Address | Bank Of India Stpi Bhubaneswar Branch Stpi Elite Building At Gothapatana Po Malipada Dist Khurda Bhubaneswar Odisha Pin 751003 |
These details help users in online banking and for businesses and individuals who use Bank Of India in Khurda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005599 for the Stpi Bhubaneswar branch of Bank Of India has a very 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 Stpi Bhubaneswar, Khurda, Odisha, are allotted a unique IFSC like BKID0005599 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Khurda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Khurda and Bhubaneswar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Stpi Bhubaneswar reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code BKID0005599
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 Stpi Bhubaneswar in Khurda.
For example, the IFSC Code BKID0005599 of Bank Of India for the Stpi Bhubaneswar branch has these elements, identifying the bank and the branch location in Khurda and Odisha correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005599 of Bank Of India for its Stpi Bhubaneswar branch located in Khurda, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Khurda and Bhubaneswar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Stpi Bhubaneswar or Khurda to get the exact IFSC Code BKID0005599.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Khurda that will provide accurate information.
How to Use IFSC Code BKID0005599 for Online Transfers?
If you have the IFSC Code BKID0005599 for the Stpi Bhubaneswar branch of Bank Of India in Khurda, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005599. 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 BKID0005599.
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 Stpi Bhubaneswar in Khurda, 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 Stpi Bhubaneswar, 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 Khurda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Stpi Bhubaneswar Khurda branch is BKID0005599.
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 Bank Of India Stpi Bhubaneswar Branch Stpi Elite Building At Gothapatana Po Malipada Dist Khurda Bhubaneswar Odisha Pin 751003.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.