IFSC Code of Bank Of India, Mangaon Raigad, Mangaon Raigad, Maharashtra — BKID0001247

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Mangaon Raigad branch in Mangaon (Raigad), Mangaon Raigad, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Mangaon (Raigad) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001247. 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, Mangaon Raigad, Mangaon (Raigad)

Below in the table are the key details related to IFSC Code BKID0001247 of Bank Of India for its branch located in Mangaon (Raigad), within the district of Mangaon Raigad in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Mangaon (Raigad) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001247 for the Mangaon Raigad 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 BKID0001247 is given to every bank branch, including Bank Of India located in Mangaon Raigad, Mangaon (Raigad), Maharashtra, 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 Mangaon (Raigad).
• 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 Mangaon (Raigad) and Mangaon Raigad.
• 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Mangaon Raigad doesn't end up at another location.

Format of the IFSC Code BKID0001247

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 Mangaon Raigad in Mangaon (Raigad).

For example, the IFSC Code BKID0001247 of Bank Of India for the Mangaon Raigad branch includes these elements, identifying the bank and the branch location in Mangaon (Raigad) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001247 of Bank Of India for its Mangaon Raigad branch located in Mangaon (Raigad), 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 Mangaon (Raigad) and Mangaon Raigad, 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 Mangaon Raigad or Mangaon (Raigad) to get the exact IFSC Code BKID0001247.

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 Mangaon (Raigad), you'll get the correct details.

How to Use IFSC Code BKID0001247 for Online Transfers?

Once you have the IFSC Code BKID0001247 for the Mangaon Raigad branch of Bank Of India in Mangaon (Raigad), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0001247. 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 BKID0001247.

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 Mangaon Raigad in Mangaon (Raigad), 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 Mangaon Raigad, 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 Mangaon (Raigad) manage online transfers as well as cheque clearances with ease.