IFSC Code of Bank Of India, Nihal Singh Wala, Moga, Punjab- BKID0006317

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 Nihal Singh Wala branch in Moga, Moga, Punjab, 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 Moga or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code BKID0006317. 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, Nihal Singh Wala, Moga

Here are the key points that are associated with the IFSC Code BKID0006317 of Bank Of India for its branch located in Moga, within the district of Moga in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Moga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006317 for the Nihal Singh Wala 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Nihal Singh Wala, Moga, Punjab, is provided a unique IFSC like BKID0006317 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Moga.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Moga and Moga.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Punjab and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Nihal Singh Wala do not get misguided to another person.

Format of the IFSC Code BKID0006317

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 Nihal Singh Wala in Moga.

For example, the IFSC Code BKID0006317 of Bank Of India for the Nihal Singh Wala branch includes these elements, identifying the bank and the branch location in Moga and Punjab accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0006317 of Bank Of India for its Nihal Singh Wala branch located in Moga, the following methods can help you out:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

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

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Nihal Singh Wala or Moga to find the exact IFSC Code BKID0006317.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Moga will provide accurate information.

How to Use IFSC Code BKID0006317 for Online Transfers?

Once you have the IFSC Code BKID0006317 for the Nihal Singh Wala branch of Bank Of India in Moga, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0006317. 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 BKID0006317.

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 Nihal Singh Wala in Moga, your payment can get delayed or might not go through at all.

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 Nihal Singh Wala, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Moga to handle online money transfers and get their cheques cleared smoothly.