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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Thiruvalluvar College branch in Mallapuram (Soolapuram) Madurai, Mallapuram Soolapuram Madurai, or Tamil Nadu, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Mallapuram (Soolapuram) Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008352. 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, Thiruvalluvar College, Mallapuram (Soolapuram) Madurai
Here are some of the key details that come with the IFSC Code BKID0008352 of Bank Of India for its branch located in Mallapuram (Soolapuram) Madurai, within the district of Mallapuram Soolapuram Madurai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008352 |
| Branch | Thiruvalluvar College |
| City | Mallapuram (Soolapuram) Madurai |
| District | Mallapuram Soolapuram Madurai |
| State | Tamil Nadu |
| Address | Mkallupatti Main Road Mallapuramezhumalai Via Periyar Taluk Madurai Dist |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Mallapuram (Soolapuram) Madurai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008352 for the Thiruvalluvar College branch of Bank Of India is vital.
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 Thiruvalluvar College, Mallapuram (Soolapuram) Madurai, Tamil Nadu, are given a unique IFSC like BKID0008352 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mallapuram (Soolapuram) 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 Mallapuram (Soolapuram) Madurai and Mallapuram Soolapuram 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 Thiruvalluvar College 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 BKID0008352
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 Thiruvalluvar College in Mallapuram (Soolapuram) Madurai.
For example, the IFSC Code BKID0008352 of Bank Of India for the Thiruvalluvar College branch includes these elements, identifying the bank and the branch location in Mallapuram (Soolapuram) Madurai and Tamil Nadu accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008352 of Bank Of India for its Thiruvalluvar College branch located in Mallapuram (Soolapuram) Madurai, 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 Mallapuram (Soolapuram) Madurai and Mallapuram Soolapuram Madurai, 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 Thiruvalluvar College or Mallapuram (Soolapuram) Madurai to get the exact IFSC Code BKID0008352.
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 Mallapuram (Soolapuram) Madurai, you'll get the correct details.
How to Use IFSC Code BKID0008352 for Online Transfers?
Once you have the IFSC Code BKID0008352 for the Thiruvalluvar College branch of Bank Of India in Mallapuram (Soolapuram) Madurai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008352. 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 BKID0008352.
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 Thiruvalluvar College in Mallapuram (Soolapuram) Madurai, 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 Thiruvalluvar College, 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 Mallapuram (Soolapuram) Madurai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008352.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Mkallupatti Main Road Mallapuramezhumalai Via Periyar Taluk Madurai Dist located in Mallapuram (Soolapuram) Madurai, Mallapuram Soolapuram Madurai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.