For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Mahadevapura branch in Mahadevapura (Dist.Mandya), Mahadevapura Distmandya, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Mahadevapura (Dist.Mandya) or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008431. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Mahadevapura, Mahadevapura (Dist.Mandya)
Here are the key points that are associated with the IFSC Code BKID0008431 of Bank Of India for its branch located in Mahadevapura (Dist.Mandya), within the district of Mahadevapura Distmandya in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008431 |
| Branch | Mahadevapura |
| City | Mahadevapura (Dist.Mandya) |
| District | Mahadevapura Distmandya |
| State | Karnataka |
| Address | Po Mahadevapuratal Sriranga Patna Dist Mandya |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Mahadevapura (Dist.Mandya) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008431 for the Mahadevapura 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Mahadevapura, Mahadevapura (Dist.Mandya), Karnataka, are allotted a unique IFSC like BKID0008431 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mahadevapura (Dist.Mandya).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mahadevapura (Dist.Mandya) and Mahadevapura Distmandya.
- 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 Mahadevapura reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code BKID0008431
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 Mahadevapura in Mahadevapura (Dist.Mandya).
For example, the IFSC Code BKID0008431 of Bank Of India for the Mahadevapura branch includes these elements, identifying the bank and the branch location in Mahadevapura (Dist.Mandya) and Karnataka accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0008431 of Bank Of India for its Mahadevapura branch located in Mahadevapura (Dist.Mandya), 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 Mahadevapura (Dist.Mandya) and Mahadevapura Distmandya, 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 Mahadevapura or Mahadevapura (Dist.Mandya) to get the exact IFSC Code BKID0008431.
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 Mahadevapura (Dist.Mandya), then it will provide you proper information.
How to Use IFSC Code BKID0008431 for Online Transfers?
Once you have the IFSC Code BKID0008431 for the Mahadevapura branch of Bank Of India in Mahadevapura (Dist.Mandya), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008431. 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 BKID0008431.
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 Mahadevapura in Mahadevapura (Dist.Mandya), it can result in delayed or failed transactions.
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 Mahadevapura, 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 Mahadevapura (Dist.Mandya) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008431.
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 Po Mahadevapuratal Sriranga Patna Dist Mandya located in Mahadevapura (Dist.Mandya), Mahadevapura Distmandya, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.