IFSC Code of Bank Of India, Bhai Randhir Singh Nagar, Ludhiana, Punjab- BKID0006493

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 Bhai Randhir Singh Nagar branch in Ludhiana, Ludhiana, Punjab, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006493. 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, Bhai Randhir Singh Nagar, Ludhiana

Here are the key points that are associated with the IFSC Code BKID0006493 of Bank Of India for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Ludhiana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006493 for the Bhai Randhir Singh Nagar 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, along with Bank Of India located in Bhai Randhir Singh Nagar, Ludhiana, Punjab, are given a unique IFSC like BKID0006493 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ludhiana.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Ludhiana and Ludhiana.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Bhai Randhir Singh Nagar goes to the correct branch. This is important because Bank Of India has thousands of branches in Punjab and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0006493

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Bhai Randhir Singh Nagar in Ludhiana.

For example, the IFSC Code BKID0006493 of Bank Of India for the Bhai Randhir Singh Nagar branch has these elements, identifying the bank and the branch location in Ludhiana and Punjab correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006493 of Bank Of India for its Bhai Randhir Singh Nagar branch located in Ludhiana, 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 Ludhiana and Ludhiana, 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 Bhai Randhir Singh Nagar or Ludhiana to get the exact IFSC Code BKID0006493.

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 Ludhiana, you'll get the correct details.

How to Use IFSC Code BKID0006493 for Online Transfers?

Once you have the IFSC Code BKID0006493 for the Bhai Randhir Singh Nagar branch of Bank Of India in Ludhiana, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0006493. 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 BKID0006493.

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 Bhai Randhir Singh Nagar in Ludhiana, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Bhai Randhir Singh Nagar, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Ludhiana manage online transfers as well as cheque clearances with ease.