IFSC Code of Bank Of India, Mandi Gobindgarh, Mandi Govindgarh, Punjab — BKID0006552

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Mandi Gobindgarh branch in Mandi Govindgarh, Mandi Govindgarh, Punjab, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Mandi Govindgarh or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006552. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Mandi Gobindgarh, Mandi Govindgarh

Below in the table are the key details related to IFSC Code BKID0006552 of Bank Of India for its branch located in Mandi Govindgarh, within the district of Mandi Govindgarh in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Mandi Govindgarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006552 for the Mandi Gobindgarh 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0006552 is given to every bank branch, including Bank Of India located in Mandi Gobindgarh, Mandi Govindgarh, Punjab, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Mandi Govindgarh.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Mandi Govindgarh and Mandi Govindgarh.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Mandi Gobindgarh doesn't end up at another location.

Format of the IFSC Code BKID0006552

This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mandi Gobindgarh in Mandi Govindgarh.

For example, the IFSC Code BKID0006552 of Bank Of India for the Mandi Gobindgarh branch includes these elements, identifying the bank and the branch location in Mandi Govindgarh and Punjab accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006552 of Bank Of India for its Mandi Gobindgarh branch located in Mandi Govindgarh, 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 Mandi Govindgarh and Mandi Govindgarh, 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 Mandi Gobindgarh or Mandi Govindgarh to get the exact IFSC Code BKID0006552.

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 Mandi Govindgarh, you'll get the correct details.

How to Use IFSC Code BKID0006552 for Online Transfers?

Once you have the IFSC Code BKID0006552 for the Mandi Gobindgarh branch of Bank Of India in Mandi Govindgarh, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0006552. 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 BKID0006552.

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 Mandi Gobindgarh in Mandi Govindgarh, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Mandi Gobindgarh, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Mandi Govindgarh manage their online transfers and cheque clearances easily.