IFSC Code of Bank Of India, Sum Hospital, Bhubaneswar, Odisha — BKID0005598

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Sum Hospital branch in Khurda, Bhubaneswar, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Khurda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005598. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Sum Hospital, Khurda

Here are some of the key details that come with the IFSC Code BKID0005598 of Bank Of India for its branch located in Khurda, within the district of Bhubaneswar in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Khurda for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005598 for the Sum Hospital 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, including Bank Of India located in Sum Hospital, Khurda, Odisha, is provided with a unique IFSC like BKID0005598 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Khurda.
• 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 Khurda and Bhubaneswar.
• 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 Sum Hospital do not get mixed with another location.

Format of the IFSC Code BKID0005598

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

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sum Hospital in Khurda.

For example, the IFSC Code BKID0005598 of Bank Of India for the Sum Hospital branch includes 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 BKID0005598 of Bank Of India for its Sum Hospital branch located in Khurda, 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 Khurda and Bhubaneswar, 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 Sum Hospital or Khurda to get the exact IFSC Code BKID0005598.

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 Khurda, you'll get the correct details.

How to Use IFSC Code BKID0005598 for Online Transfers?

Once you have the IFSC Code BKID0005598 for the Sum Hospital branch of Bank Of India in Khurda, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005598. 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 BKID0005598.

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 Sum Hospital in Khurda, it can 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 Sum Hospital, 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 Khurda to handle online money transfers and get their cheques cleared smoothly.