IFSC Code of Bank Of India, Lavale Pune Dist, Lavale Distt Pune, Maharashtra — BKID0000620

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 Lavale Pune Dist branch in Lavale (Distt. Pune), Lavale Distt Pune, Maharashtra, 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 Lavale (Distt. Pune) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000620. 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, Lavale Pune Dist, Lavale (Distt. Pune)

Below in the table are the key details related to IFSC Code BKID0000620 of Bank Of India for its branch located in Lavale (Distt. Pune), within the district of Lavale Distt Pune in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Lavale (Distt. Pune) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000620 for the Lavale Pune Dist 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, including Bank Of India located in Lavale Pune Dist, Lavale (Distt. Pune), Maharashtra, is provided with a unique IFSC like BKID0000620 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Lavale (Distt. Pune).
• 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 Lavale (Distt. Pune) and Lavale Distt Pune.
• 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Lavale Pune Dist do not get mixed with another location.

Format of the IFSC Code BKID0000620

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 Lavale Pune Dist in Lavale (Distt. Pune).

For example, the IFSC Code BKID0000620 of Bank Of India for the Lavale Pune Dist branch includes these elements, identifying the bank and the branch location in Lavale (Distt. Pune) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000620 of Bank Of India for its Lavale Pune Dist branch located in Lavale (Distt. Pune), 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 Lavale (Distt. Pune) and Lavale Distt Pune, 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 Lavale Pune Dist or Lavale (Distt. Pune) to get the exact IFSC Code BKID0000620.

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 Lavale (Distt. Pune) that will provide accurate information.

How to Use IFSC Code BKID0000620 for Online Transfers?

Once you have the IFSC Code BKID0000620 for the Lavale Pune Dist branch of Bank Of India in Lavale (Distt. Pune), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000620. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0000620.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Lavale Pune Dist in Lavale (Distt. Pune) 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 Lavale Pune Dist, 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 Lavale (Distt. Pune) to handle online money transfers and get their cheques cleared smoothly.