IFSC Code of Bank Of India, Lauriya Basmatta, Lauriya Basmatta Dist Banka, Bihar- BKID0004631

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 Lauriya Basmatta branch in Lauriya Basmatta (Dist. Banka), Lauriya Basmatta Dist Banka, Bihar, 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 Lauriya Basmatta (Dist. Banka) or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0004631. 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, Lauriya Basmatta, Lauriya Basmatta (Dist. Banka)

Here are the key points that are associated with the IFSC Code BKID0004631 of Bank Of India for its branch located in Lauriya Basmatta (Dist. Banka), within the district of Lauriya Basmatta Dist Banka in the state of Bihar.

These details help users in online banking and for businesses and individuals who use Bank Of India in Lauriya Basmatta (Dist. Banka) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004631 for the Lauriya Basmatta 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0004631 is given to every bank branch, including Bank Of India located in Lauriya Basmatta, Lauriya Basmatta (Dist. Banka), Bihar, 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 Lauriya Basmatta (Dist. Banka).
• 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 Lauriya Basmatta (Dist. Banka) and Lauriya Basmatta Dist Banka.
• 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 Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Lauriya Basmatta doesn't end up at another location.

Format of the IFSC Code BKID0004631

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 Lauriya Basmatta in Lauriya Basmatta (Dist. Banka).

For example, the IFSC Code BKID0004631 of Bank Of India for the Lauriya Basmatta branch includes these elements, identifying the bank and the branch location in Lauriya Basmatta (Dist. Banka) and Bihar accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004631 of Bank Of India for its Lauriya Basmatta branch located in Lauriya Basmatta (Dist. Banka), 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 Lauriya Basmatta (Dist. Banka) and Lauriya Basmatta Dist Banka, 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 Lauriya Basmatta or Lauriya Basmatta (Dist. Banka) to get the exact IFSC Code BKID0004631.

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 Lauriya Basmatta (Dist. Banka) that will provide accurate information.

How to Use IFSC Code BKID0004631 for Online Transfers?

Once you have the IFSC Code BKID0004631 for the Lauriya Basmatta branch of Bank Of India in Lauriya Basmatta (Dist. Banka), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004631. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 BKID0004631.

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 Lauriya Basmatta in Lauriya Basmatta (Dist. Banka), 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 Lauriya Basmatta, 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 Lauriya Basmatta (Dist. Banka) manage online transfers as well as cheque clearances with ease.