IFSC Code of Bank Of India, Lakhani, Lakhani Dist Bhandara, Maharashtra — BKID0009202

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 Lakhani branch in Lakhani (Dist. Bhandara), Lakhani Dist Bhandara, Maharashtra, 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 Lakhani (Dist. Bhandara) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009202. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Lakhani, Lakhani (Dist. Bhandara)

Here are the key points that are associated with the IFSC Code BKID0009202 of Bank Of India for its branch located in Lakhani (Dist. Bhandara), within the district of Lakhani Dist Bhandara in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Lakhani (Dist. Bhandara) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009202 for the Lakhani 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0009202 is given to every bank branch, including Bank Of India located in Lakhani, Lakhani (Dist. Bhandara), Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Lakhani (Dist. Bhandara).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Lakhani (Dist. Bhandara) and Lakhani Dist Bhandara.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Lakhani doesn't end up at another location.

Format of the IFSC Code BKID0009202

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lakhani in Lakhani (Dist. Bhandara).

For example, the IFSC Code BKID0009202 of Bank Of India for the Lakhani branch includes these elements, identifying the bank and the branch location in Lakhani (Dist. Bhandara) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0009202 of Bank Of India for its Lakhani branch located in Lakhani (Dist. Bhandara), 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 Lakhani (Dist. Bhandara) and Lakhani Dist Bhandara, 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 Lakhani or Lakhani (Dist. Bhandara) to find the exact IFSC Code BKID0009202.

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 Lakhani (Dist. Bhandara) will provide accurate information.

How to Use IFSC Code BKID0009202 for Online Transfers?

Once you have the IFSC Code BKID0009202 for the Lakhani branch of Bank Of India in Lakhani (Dist. Bhandara), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0009202. 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 BKID0009202.

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 Lakhani in Lakhani (Dist. Bhandara), your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Lakhani, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Lakhani (Dist. Bhandara) manage their online transfers and cheque clearances easily.