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 Dugri Road 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 BKID0006495. 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, Dugri Road, Ludhiana
Below in the table are the key details related to IFSC Code BKID0006495 of Bank Of India for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006495 |
| Branch | Dugri Road |
| City | Ludhiana |
| District | Ludhiana |
| State | Punjab |
| Address | Scf 6 Phase I Urban Estatedugri Road |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Ludhiana for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006495 for the Dugri Road branch of Bank Of India plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0006495 is given to every bank branch, including Bank Of India located in Dugri Road, Ludhiana, Punjab, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Ludhiana.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Ludhiana and Ludhiana.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Dugri Road doesn't end up at another location.
Format of the IFSC Code BKID0006495
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 Dugri Road in Ludhiana.
For example, the IFSC Code BKID0006495 of Bank Of India for the Dugri Road branch includes 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 BKID0006495 of Bank Of India for its Dugri Road 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 Dugri Road or Ludhiana to get the exact IFSC Code BKID0006495.
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 BKID0006495 for Online Transfers?
Once you have the IFSC Code BKID0006495 for the Dugri Road 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 BKID0006495. 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 BKID0006495.
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 Dugri Road in Ludhiana, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Dugri Road, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Ludhiana manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Dugri Road Ludhiana branch is BKID0006495.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Scf 6 Phase I Urban Estatedugri Road.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.