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 Mandgaon branch in Mandgaon (Dist. Wardha), Mandgaon Dist Wardha, Maharashtra, 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 Mandgaon (Dist. Wardha) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009715. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Mandgaon, Mandgaon (Dist. Wardha)
Here are the key points that are associated with the IFSC Code BKID0009715 of Bank Of India for its branch located in Mandgaon (Dist. Wardha), within the district of Mandgaon Dist Wardha in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009715 |
| Branch | Mandgaon |
| City | Mandgaon (Dist. Wardha) |
| District | Mandgaon Dist Wardha |
| State | Maharashtra |
| Address | At Post Mandgaontehsil Samudrapur Dist Wardha |
These details help users in online banking and for businesses and individuals who use Bank Of India in Mandgaon (Dist. Wardha) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009715 for the Mandgaon branch of Bank Of India has a very 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 Mandgaon, Mandgaon (Dist. Wardha), Maharashtra, are given a unique IFSC like BKID0009715 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mandgaon (Dist. Wardha).
- 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 Mandgaon (Dist. Wardha) and Mandgaon Dist Wardha.
- 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 Mandgaon goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0009715
The format of the IFSC Code for banks, including Bank Of India, has 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 Mandgaon in Mandgaon (Dist. Wardha).
For example, the IFSC Code BKID0009715 of Bank Of India for the Mandgaon branch includes these elements, identifying the bank and the branch location in Mandgaon (Dist. Wardha) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0009715 of Bank Of India for its Mandgaon branch located in Mandgaon (Dist. Wardha), 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
You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Mandgaon (Dist. Wardha) and Mandgaon Dist Wardha, print them 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 Mandgaon or Mandgaon (Dist. Wardha) to get the exact IFSC Code BKID0009715.
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 Mandgaon (Dist. Wardha), you'll get the correct details.
How to Use IFSC Code BKID0009715 for Online Transfers?
Once you have the IFSC Code BKID0009715 for the Mandgaon branch of Bank Of India in Mandgaon (Dist. Wardha), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0009715. 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 BKID0009715.
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 Mandgaon in Mandgaon (Dist. Wardha), your payment can get delayed or might not go through at all.
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 Mandgaon, 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 Mandgaon (Dist. Wardha) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009715.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Post Mandgaontehsil Samudrapur Dist Wardha located in Mandgaon (Dist. Wardha), Mandgaon Dist Wardha, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.