IFSC Code of Bank Of India, Patratoli, Lohardaga, Jharkhand — BKID0006155

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Patratoli branch in Lohardagga, Lohardaga, or Jharkhand, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Lohardagga or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0006155. 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, Patratoli, Lohardagga

The table below shows the main details of the IFSC Code BKID0006155 for the Bank Of India branch in Lohardagga, which falls under the Lohardaga district in Jharkhand.

These details help users in online banking and for businesses and individuals who use Bank Of India in Lohardagga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006155 for the Patratoli 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Patratoli, Lohardagga, Jharkhand, is provided a unique IFSC like BKID0006155 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Lohardagga.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Lohardagga and Lohardaga.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Patratoli do not get misguided to another person.

Format of the IFSC Code BKID0006155

The format of the IFSC Code for banks, including Bank Of India, has 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 Patratoli in Lohardagga.

For example, the IFSC Code BKID0006155 of Bank Of India for the Patratoli branch includes these elements, identifying the bank and the branch location in Lohardagga and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006155 of Bank Of India for its Patratoli branch located in Lohardagga, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Lohardagga and Lohardaga, print them on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Patratoli or Lohardagga to get the exact IFSC Code BKID0006155.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Lohardagga, you'll get the correct details.

How to Use IFSC Code BKID0006155 for Online Transfers?

Once you have the IFSC Code BKID0006155 for the Patratoli branch of Bank Of India in Lohardagga, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0006155. 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 BKID0006155.

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 Patratoli in Lohardagga, 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 Patratoli, 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 Lohardagga to handle online money transfers and get their cheques cleared smoothly.