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 Kolkata Sme branch in Kolkata, Kolkata, West Bengal, 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 Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004070. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Kolkata Sme, Kolkata
Here are the key points that are associated with the IFSC Code BKID0004070 of Bank Of India for its branch located in Kolkata, within the district of Kolkata in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004070 |
| Branch | Kolkata Sme |
| City | Kolkata |
| District | Kolkata |
| State | West Bengal |
| Address | 23A Netaji Subhas Roadkolkata |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Kolkata for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004070 for the Kolkata Sme 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, including Bank Of India located in Kolkata Sme, Kolkata, West Bengal, is provided with a unique IFSC like BKID0004070 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Kolkata.
- 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 Kolkata and Kolkata.
- 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 West Bengal and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Kolkata Sme do not get mixed with another location.
Format of the IFSC Code BKID0004070
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 Kolkata Sme in Kolkata.
For example, the IFSC Code BKID0004070 of Bank Of India for the Kolkata Sme branch has these elements, identifying the bank and the branch location in Kolkata and West Bengal correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0004070 of Bank Of India for its Kolkata Sme branch located in Kolkata, 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 Kolkata and Kolkata, 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 Kolkata Sme or Kolkata to find the exact IFSC Code BKID0004070.
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 Kolkata will provide accurate information.
How to Use IFSC Code BKID0004070 for Online Transfers?
Once you have the IFSC Code BKID0004070 for the Kolkata Sme 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 BKID0004070. 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 BKID0004070.
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 Kolkata Sme 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 differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Kolkata Sme, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Kolkata manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004070.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 23A Netaji Subhas Roadkolkata located in Kolkata, Kolkata, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.