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 Kurayur branch in Kurayur (Dist. Madurai), Kurayur Dist Madurai, Tamil Nadu, 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 Kurayur (Dist. Madurai) or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008254. 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, Kurayur, Kurayur (Dist. Madurai)

Below in the table are the key details related to IFSC Code BKID0008254 of Bank Of India for its branch located in Kurayur (Dist. Madurai), within the district of Kurayur Dist Madurai in the state of Tamil Nadu.

Particulars Details
Bank Bank Of India
IFSC Code BKID0008254
Branch Kurayur
City Kurayur (Dist. Madurai)
District Kurayur Dist Madurai
State Tamil Nadu
Address Pokurayur Kalligudidistrict Madurai

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Kurayur (Dist. Madurai) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008254 for the Kurayur branch of Bank Of India has 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, along with Bank Of India located in Kurayur, Kurayur (Dist. Madurai), Tamil Nadu, are given a unique IFSC like BKID0008254 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kurayur (Dist. Madurai).
  • 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 Kurayur (Dist. Madurai) and Kurayur Dist Madurai.
  • 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 Kurayur goes to the correct branch. This is important because Bank Of India has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0008254

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 Kurayur in Kurayur (Dist. Madurai).

For example, the IFSC Code BKID0008254 of Bank Of India for the Kurayur branch includes these elements, identifying the bank and the branch location in Kurayur (Dist. Madurai) and Tamil Nadu correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0008254 of Bank Of India for its Kurayur branch located in Kurayur (Dist. Madurai), 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 Kurayur (Dist. Madurai) and Kurayur Dist Madurai, 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 Kurayur or Kurayur (Dist. Madurai) to get the exact IFSC Code BKID0008254.

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 Kurayur (Dist. Madurai), then it will provide you proper information.

How to Use IFSC Code BKID0008254 for Online Transfers?

If you have the IFSC Code BKID0008254 for the Kurayur branch of Bank Of India in Kurayur (Dist. Madurai), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008254. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0008254.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Kurayur in Kurayur (Dist. Madurai), it may 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 Kurayur, 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 Kurayur (Dist. Madurai) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Kurayur, Kurayur (Dist. Madurai)?

The IFSC Code is BKID0008254.

Is the IFSC Code BKID0008254 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

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

What is the full address of the Kurayur branch?

The address of the branch is Pokurayur Kalligudidistrict Madurai located in Kurayur (Dist. Madurai), Kurayur Dist Madurai, Tamil Nadu.

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.