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 Koppal branch in Koppal, Koppal, Karnataka, 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 Koppal or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008475. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Koppal, Koppal
The table below shows the main details of the IFSC Code BKID0008475 for the Bank Of India branch in Koppal, which falls under the Koppal district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008475 |
| Branch | Koppal |
| City | Koppal |
| District | Koppal |
| State | Karnataka |
| Address | Opp To Spoffice Near Ashok Circlehospet Road Koppal 583231 |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Koppal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008475 for the Koppal 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 Koppal, Koppal, Karnataka, are allotted a unique IFSC like BKID0008475 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Koppal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Koppal and Koppal.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Koppal reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code BKID0008475
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 Koppal in Koppal.
For example, the IFSC Code BKID0008475 of Bank Of India for the Koppal branch has these elements, identifying the bank and the branch location in Koppal and Karnataka correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008475 of Bank Of India for its Koppal branch located in Koppal, 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
Most banks, including Bank Of India branches in Koppal and Koppal, print the IFSC and MICR codes 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 Koppal or Koppal to get the exact IFSC Code BKID0008475.
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 Koppal, you'll get the correct details.
How to Use IFSC Code BKID0008475 for Online Transfers?
Once you have the IFSC Code BKID0008475 for the Koppal branch of Bank Of India in Koppal, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008475. 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 BKID0008475.
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 Koppal in Koppal, 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 Koppal, 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 Koppal to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Koppal Koppal branch is BKID0008475.
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 Opp To Spoffice Near Ashok Circlehospet Road Koppal 583231.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.