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 Latehar branch in Latehar,Jharkhand, Lateharjharkhand, Jharkhand, 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 Latehar,Jharkhand or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005901. 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, Latehar, Latehar,Jharkhand
The table below shows the main details of the IFSC Code BKID0005901 for the Bank Of India branch in Latehar,Jharkhand, which falls under the Lateharjharkhand district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005901 |
| Branch | Latehar |
| City | Latehar,Jharkhand |
| District | Lateharjharkhand |
| State | Jharkhand |
| Address | Bhagat Brothersnear Electricity Officelatehar Dist |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Latehar,Jharkhand for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005901 for the Latehar 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, including Bank Of India located in Latehar, Latehar,Jharkhand, Jharkhand, is provided with a unique IFSC like BKID0005901 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Latehar,Jharkhand.
- 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 Latehar,Jharkhand and Lateharjharkhand.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Latehar do not get mixed with another location.
Format of the IFSC Code BKID0005901
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Latehar in Latehar,Jharkhand.
For example, the IFSC Code BKID0005901 of Bank Of India for the Latehar branch includes these elements, identifying the bank and the branch location in Latehar,Jharkhand and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005901 of Bank Of India for its Latehar branch located in Latehar,Jharkhand, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Latehar,Jharkhand and Lateharjharkhand, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Latehar or Latehar,Jharkhand to get the exact IFSC Code BKID0005901.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Latehar,Jharkhand that will provide accurate information.
How to Use IFSC Code BKID0005901 for Online Transfers?
Once you have the IFSC Code BKID0005901 for the Latehar branch of Bank Of India in Latehar,Jharkhand, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005901. 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 BKID0005901.
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 Latehar in Latehar,Jharkhand, it can result in delayed or failed transactions.
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 Latehar, 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 Latehar,Jharkhand manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005901.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Bhagat Brothersnear Electricity Officelatehar Dist located in Latehar,Jharkhand, Lateharjharkhand, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.