IFSC Code of Bank Of India, Shaheed Udham Singh Nagar, Ludhiana, Punjab- BKID0006536

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 Shaheed Udham 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 BKID0006536. 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, Shaheed Udham Singh Nagar, Ludhiana

Here are some of the key details that come with the IFSC Code BKID0006536 of Bank Of India for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.

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 BKID0006536 for the Shaheed Udham Singh Nagar 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 BKID0006536 is given to every bank branch, including Bank Of India located in Shaheed Udham Singh Nagar, 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 Shaheed Udham Singh Nagar doesn't end up at another location.

Format of the IFSC Code BKID0006536

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 Shaheed Udham Singh Nagar in Ludhiana.

For example, the IFSC Code BKID0006536 of Bank Of India for the Shaheed Udham Singh Nagar branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006536 of Bank Of India for its Shaheed Udham 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

Most banks, including Bank Of India branches in Ludhiana and Ludhiana, print the IFSC and MICR codes 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 Shaheed Udham Singh Nagar or Ludhiana to get the exact IFSC Code BKID0006536.

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 BKID0006536 for Online Transfers?

Once you have the IFSC Code BKID0006536 for the Shaheed Udham 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 BKID0006536. 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 BKID0006536.

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 Shaheed Udham 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 cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Shaheed Udham Singh Nagar, 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 Ludhiana to handle online money transfers and get their cheques cleared smoothly.