There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Block More Lohardaga branch in Lohardaga, Lohardaga, Jharkhand, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Lohardaga or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code BKID0005907. You should 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, Block More Lohardaga, Lohardaga
The table below shows the main details of the IFSC Code BKID0005907 for the Bank Of India branch in Lohardaga, which falls under the Lohardaga district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005907 |
| Branch | Block More Lohardaga |
| City | Lohardaga |
| District | Lohardaga |
| State | Jharkhand |
| Address | Block More At Post Lohardagadistrict Lohardaga Jharkhand835302 |
These details help users in online banking and for businesses and individuals who use Bank Of India in Lohardaga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005907 for the Block More Lohardaga 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Block More Lohardaga, Lohardaga, Jharkhand, are allotted a unique IFSC like BKID0005907 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Lohardaga.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Lohardaga and Lohardaga.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Block More Lohardaga reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code BKID0005907
The format of the IFSC Code for banks, including Bank Of India, follows 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 Block More Lohardaga in Lohardaga.
For example, the IFSC Code BKID0005907 of Bank Of India for the Block More Lohardaga branch includes these elements, identifying the bank and the branch location in Lohardaga and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0005907 of Bank Of India for its Block More Lohardaga branch located in Lohardaga, 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 Lohardaga and Lohardaga, 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 Block More Lohardaga or Lohardaga to find the exact IFSC Code BKID0005907.
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 Lohardaga will provide accurate information.
How to Use IFSC Code BKID0005907 for Online Transfers?
Once you have the IFSC Code BKID0005907 for the Block More Lohardaga branch of Bank Of India in Lohardaga, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005907. 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 BKID0005907.
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 Block More Lohardaga in Lohardaga, 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 Block More Lohardaga, 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 Lohardaga manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005907.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Block More At Post Lohardagadistrict Lohardaga Jharkhand835302 located in Lohardaga, Lohardaga, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.