IFSC Code of Bank Of India, Annanagar, Madurai, Tamil Nadu — BKID0008263

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 Annanagar branch in Madurai, Madurai, Tamil Nadu, 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 Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008263. 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, Annanagar, Madurai

Here are some of the key details that come with the IFSC Code BKID0008263 of Bank Of India for its branch located in Madurai, within the district of Madurai in the state of Tamil Nadu.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Madurai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008263 for the Annanagar branch of Bank Of India has an important 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 Annanagar, Madurai, Tamil Nadu, are given a unique IFSC like BKID0008263 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Madurai.
• 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 Madurai and Madurai.
• 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 Annanagar goes to the correct branch. This is important because Bank Of India has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0008263

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 Annanagar in Madurai.

For example, the IFSC Code BKID0008263 of Bank Of India for the Annanagar branch has these elements, identifying the bank and the branch location in Madurai and Tamil Nadu correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0008263 of Bank Of India for its Annanagar branch located in Madurai, the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Madurai and Madurai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and find the branch locator section. Search for Annanagar or Madurai to get the exact IFSC Code BKID0008263.

Mobile Banking App

If you use Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Bank Of India and Madurai that will provide accurate information.

How to Use IFSC Code BKID0008263 for Online Transfers?

Once you have the IFSC Code BKID0008263 for the Annanagar branch of Bank Of India in Madurai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008263. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0008263.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Annanagar in Madurai, it can result in delayed or failed transactions.

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 Annanagar, 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 Madurai manage online transfers as well as cheque clearances with ease.