There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Mahidpur Road branch in Mahidpur Road(Dist. Ujjain), Mahidpur Road Dist Ujjain, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Mahidpur Road(Dist. Ujjain) or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0009115. You should 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, Mahidpur Road, Mahidpur Road(Dist. Ujjain)

Below in the table are the key details related to IFSC Code BKID0009115 of Bank Of India for its branch located in Mahidpur Road(Dist. Ujjain), within the district of Mahidpur Road Dist Ujjain in the state of Madhya Pradesh.

Particulars Details
Bank Bank Of India
IFSC Code BKID0009115
Branch Mahidpur Road
City Mahidpur Road(Dist. Ujjain)
District Mahidpur Road Dist Ujjain
State Madhya Pradesh
Address Sadar Bazarmahidpur Road Dist Ujjain

These details helps users in online banking and for businesses and individuals who use Bank Of India in Mahidpur Road(Dist. Ujjain) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009115 for the Mahidpur Road 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 Mahidpur Road, Mahidpur Road(Dist. Ujjain), Madhya Pradesh, are given a unique IFSC like BKID0009115 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Mahidpur Road(Dist. Ujjain).
  • 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 Mahidpur Road(Dist. Ujjain) and Mahidpur Road Dist Ujjain.
  • 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 Mahidpur Road goes to the correct branch. This is important because Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0009115

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): 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 Mahidpur Road in Mahidpur Road(Dist. Ujjain).

For example, the IFSC Code BKID0009115 of Bank Of India for the Mahidpur Road branch includes these elements, identifying the bank and the branch location in Mahidpur Road(Dist. Ujjain) and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0009115 of Bank Of India for its Mahidpur Road branch located in Mahidpur Road(Dist. Ujjain), 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 Mahidpur Road(Dist. Ujjain) and Mahidpur Road Dist Ujjain, 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 Mahidpur Road or Mahidpur Road(Dist. Ujjain) to get the exact IFSC Code BKID0009115.

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 Mahidpur Road(Dist. Ujjain), you'll get the correct details.

How to Use IFSC Code BKID0009115 for Online Transfers?

Once you have the IFSC Code BKID0009115 for the Mahidpur Road branch of Bank Of India in Mahidpur Road(Dist. Ujjain), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009115. 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 BKID0009115.

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 Mahidpur Road in Mahidpur Road(Dist. Ujjain), 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 Mahidpur Road, 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 Mahidpur Road(Dist. Ujjain) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Mahidpur Road, Mahidpur Road(Dist. Ujjain)?

The IFSC Code is BKID0009115.

Is the IFSC Code BKID0009115 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Mahidpur Road?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Mahidpur Road branch?

The address of the branch is Sadar Bazarmahidpur Road Dist Ujjain located in Mahidpur Road(Dist. Ujjain), Mahidpur Road Dist Ujjain, Madhya Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.