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 Mosabani branch in Mosabani (Dist. East Singhbhum), Mosabani Dist East Singhbhum, Jharkhand, 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 Mosabani (Dist. East Singhbhum) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004508. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Mosabani, Mosabani (Dist. East Singhbhum)
Here are the main details that are associated with the IFSC Code BKID0004508 of Bank Of India for its branch located in Mosabani (Dist. East Singhbhum), within the district of Mosabani Dist East Singhbhum in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004508 |
| Branch | Mosabani |
| City | Mosabani (Dist. East Singhbhum) |
| District | Mosabani Dist East Singhbhum |
| State | Jharkhand |
| Address | Badia Roadp O Mosabani Mines Dist East Singhbhum |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Mosabani (Dist. East Singhbhum) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004508 for the Mosabani branch of Bank Of India plays an 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, including Bank Of India located in Mosabani, Mosabani (Dist. East Singhbhum), Jharkhand, is provided with a unique IFSC like BKID0004508 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Mosabani (Dist. East Singhbhum).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mosabani (Dist. East Singhbhum) and Mosabani Dist East Singhbhum.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Mosabani do not get mixed with another location.
Format of the IFSC Code BKID0004508
The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mosabani in Mosabani (Dist. East Singhbhum).
For example, the IFSC Code BKID0004508 of Bank Of India for the Mosabani branch includes these elements, identifying the bank and the branch location in Mosabani (Dist. East Singhbhum) and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004508 of Bank Of India for its Mosabani branch located in Mosabani (Dist. East Singhbhum), 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 Mosabani (Dist. East Singhbhum) and Mosabani Dist East Singhbhum, 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 Mosabani or Mosabani (Dist. East Singhbhum) to get the exact IFSC Code BKID0004508.
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 Mosabani (Dist. East Singhbhum), you'll get the correct details.
How to Use IFSC Code BKID0004508 for Online Transfers?
Once you have the IFSC Code BKID0004508 for the Mosabani branch of Bank Of India in Mosabani (Dist. East Singhbhum), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004508. Transfers are processed in batches. This is suitable for 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 BKID0004508.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Mosabani in Mosabani (Dist. East Singhbhum) may 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 Mosabani, 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 Mosabani (Dist. East Singhbhum) manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004508.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Badia Roadp O Mosabani Mines Dist East Singhbhum located in Mosabani (Dist. East Singhbhum), Mosabani Dist East Singhbhum, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.