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 Manendragarh branch in Manendragarh (Raipur), Manendragarh Raipur, Chhattisgarh, 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 Manendragarh (Raipur) or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code BKID0009386. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Manendragarh, Manendragarh (Raipur)

The table below shows the main details of the IFSC Code BKID0009386 for the Bank Of India branch in Manendragarh (Raipur), which falls under the Manendragarh Raipur district in Chhattisgarh.

Particulars Details
Bank Bank Of India
IFSC Code BKID0009386
Branch Manendragarh
City Manendragarh (Raipur)
District Manendragarh Raipur
State Chhattisgarh
Address Sbi Road Main Marketmanendragarh

These details help users in online banking and for businesses and individuals who use Bank Of India in Manendragarh (Raipur) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009386 for the Manendragarh 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 Manendragarh, Manendragarh (Raipur), Chhattisgarh, are allotted a unique IFSC like BKID0009386 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Manendragarh (Raipur).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Manendragarh (Raipur) and Manendragarh Raipur.
  • 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 Manendragarh reaches the right place, even though there are thousands of branches in Chhattisgarh and across India.

Format of the IFSC Code BKID0009386

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 Manendragarh in Manendragarh (Raipur).

For example, the IFSC Code BKID0009386 of Bank Of India for the Manendragarh branch includes these elements, identifying the bank and the branch location in Manendragarh (Raipur) and Chhattisgarh correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0009386 of Bank Of India for its Manendragarh branch located in Manendragarh (Raipur), the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Manendragarh (Raipur) and Manendragarh Raipur, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and find the branch locator section. Search for Manendragarh or Manendragarh (Raipur) to get the exact IFSC Code BKID0009386.

Mobile Banking App

If you use Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Bank Of India and Manendragarh (Raipur) that will provide accurate information.

How to Use IFSC Code BKID0009386 for Online Transfers?

Once you have the IFSC Code BKID0009386 for the Manendragarh branch of Bank Of India in Manendragarh (Raipur), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0009386. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹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 BKID0009386.

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 Manendragarh in Manendragarh (Raipur), your payment can get delayed or might not go through at all.

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 Manendragarh, 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 Manendragarh (Raipur) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Manendragarh, Manendragarh (Raipur)?

The IFSC Code is BKID0009386.

Is the IFSC Code BKID0009386 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Manendragarh branch?

The address of the branch is Sbi Road Main Marketmanendragarh located in Manendragarh (Raipur), Manendragarh Raipur, Chhattisgarh.

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.