There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Konalkatta branch in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), Konalkatta Tal Kasai Dodamarg Dist Sindhudurg, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001431. You should 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, Konalkatta, Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg)

The table below shows the main details of the IFSC Code BKID0001431 for the Bank Of India branch in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), which falls under the Konalkatta Tal Kasai Dodamarg Dist Sindhudurg district in Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0001431
Branch Konalkatta
City Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg)
District Konalkatta Tal Kasai Dodamarg Dist Sindhudurg
State Maharashtra
Address At Tillarwadi Post Konalkattataluka Kasai Dodamarg Dist Sindhudurg

These details help users in online banking and for businesses and individuals who use Bank Of India in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001431 for the Konalkatta 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Konalkatta, Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), Maharashtra, is provided a unique IFSC like BKID0001431 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of India branch in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg).
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) and Konalkatta Tal Kasai Dodamarg Dist Sindhudurg.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Konalkatta do not get misguided to another person.

Format of the IFSC Code BKID0001431

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): 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 Konalkatta in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg).

For example, the IFSC Code BKID0001431 of Bank Of India for the Konalkatta branch includes these elements, identifying the bank and the branch location in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0001431 of Bank Of India for its Konalkatta branch located in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), 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 Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) and Konalkatta Tal Kasai Dodamarg Dist Sindhudurg, 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 Konalkatta or Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) to find the exact IFSC Code BKID0001431.

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 Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) will provide accurate information.

How to Use IFSC Code BKID0001431 for Online Transfers?

Once you have the IFSC Code BKID0001431 for the Konalkatta branch of Bank Of India in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001431. 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 BKID0001431.

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 Konalkatta in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), 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 Konalkatta, 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 Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Konalkatta, Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg)?

The IFSC Code is BKID0001431.

Is the IFSC Code BKID0001431 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Konalkatta?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Konalkatta branch?

The address of the branch is At Tillarwadi Post Konalkattataluka Kasai Dodamarg Dist Sindhudurg located in Konalkatta (Tal Kasai Dodamarg, Dist Sindhudurg), Konalkatta Tal Kasai Dodamarg Dist Sindhudurg, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.