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 Gunanagar branch in Lohit, Chowkham, or Arunachal Pradesh, 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 Lohit or anywhere in Arunachal Pradesh can transfer funds instantly by using the correct IFSC Code BKID0005069. 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, Gunanagar, Lohit
Here are the main details that are associated with the IFSC Code BKID0005069 of Bank Of India for its branch located in Lohit, within the district of Chowkham in the state of Arunachal Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005069 |
| Branch | Gunanagar |
| City | Lohit |
| District | Chowkham |
| State | Arunachal Pradesh |
| Address | Gunanagar Branchgunanagar Bazarpo Gunanagarps Chowkhamdist Lohitarunachal Pradesh 792104 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Lohit for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005069 for the Gunanagar branch of Bank Of India is vital.
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 Gunanagar, Lohit, Arunachal Pradesh, are allotted a unique IFSC like BKID0005069 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Lohit.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Lohit and Chowkham.
- 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 Gunanagar reaches the right place, even though there are thousands of branches in Arunachal Pradesh and across India.
Format of the IFSC Code BKID0005069
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 Gunanagar in Lohit.
For example, the IFSC Code BKID0005069 of Bank Of India for the Gunanagar branch includes these elements, identifying the bank and the branch location in Lohit and Arunachal Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0005069 of Bank Of India for its Gunanagar branch located in Lohit, the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Lohit and Chowkham, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Gunanagar or Lohit to get the exact IFSC Code BKID0005069.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Lohit, then it will provide you proper information.
How to Use IFSC Code BKID0005069 for Online Transfers?
Once you have the IFSC Code BKID0005069 for the Gunanagar branch of Bank Of India in Lohit, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005069. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0005069.
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 Gunanagar in Lohit, 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 Gunanagar, 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 Lohit manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005069.
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 Gunanagar Branchgunanagar Bazarpo Gunanagarps Chowkhamdist Lohitarunachal Pradesh 792104 located in Lohit, Chowkham, Arunachal Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.