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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Maulali branch in Kolkata, Kolkata, West Bengal, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004024. 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, Maulali, Kolkata
The table below shows the main details of the IFSC Code BKID0004024 for the Bank Of India branch in Kolkata, which falls under the Kolkata district in West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004024 |
| Branch | Maulali |
| City | Kolkata |
| District | Kolkata |
| State | West Bengal |
| Address | 812 Acharya Jagdish Bose Roadkolkata 700 014 |
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 BKID0004024 for the Maulali 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, including Bank Of India located in Maulali, Kolkata, West Bengal, is provided with a unique IFSC like BKID0004024 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 Maulali do not get mixed with another location.
Format of the IFSC Code BKID0004024
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 Maulali in Kolkata.
For example, the IFSC Code BKID0004024 of Bank Of India for the Maulali 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 BKID0004024 of Bank Of India for its Maulali 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 Maulali or Kolkata to get the exact IFSC Code BKID0004024.
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 BKID0004024 for Online Transfers?
Once you have the IFSC Code BKID0004024 for the Maulali branch of Bank Of India in Kolkata, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004024. 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 BKID0004024.
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 Maulali in Kolkata, 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 Maulali, 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 Kolkata to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Maulali Kolkata branch is BKID0004024.
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 812 Acharya Jagdish Bose Roadkolkata 700 014.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
