IFSC Code of Bank Of India, Ballygunge Circular Road, Kolkata, West Bengal — BKID0004035

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 Ballygunge Circular Road branch in Kolkata, Kolkata, West Bengal, 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 Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004035. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Ballygunge Circular Road, Kolkata

Here are some of the key details that come with the IFSC Code BKID0004035 of Bank Of India for its branch located in Kolkata, within the district of Kolkata in the state of West Bengal.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Kolkata for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004035 for the Ballygunge Circular Road branch of Bank Of India plays a vital 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 Ballygunge Circular Road, Kolkata, West Bengal, are given a unique IFSC like BKID0004035 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Kolkata.
• 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 Kolkata and Kolkata.
• 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 Ballygunge Circular Road goes to the correct branch. This is important because Bank Of India has thousands of branches in West Bengal and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0004035

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 Ballygunge Circular Road in Kolkata.

For example, the IFSC Code BKID0004035 of Bank Of India for the Ballygunge Circular Road branch includes these elements, identifying the bank and the branch location in Kolkata and West Bengal correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0004035 of Bank Of India for its Ballygunge Circular Road branch located in Kolkata, 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 Kolkata and Kolkata, 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 Ballygunge Circular Road or Kolkata to get the exact IFSC Code BKID0004035.

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 Kolkata, then it will provide you proper information.

How to Use IFSC Code BKID0004035 for Online Transfers?

Once you have the IFSC Code BKID0004035 for the Ballygunge Circular Road branch of Bank Of India in Kolkata, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004035. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0004035.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Ballygunge Circular Road in Kolkata, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Ballygunge Circular Road, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Kolkata manage their online transfers and cheque clearances easily.