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 Moudasholi branch in Moudasholi (Dist. East Singhbhum), Moudasholi Dist East Singhbhum, Jharkhand, 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 Moudasholi (Dist. East Singhbhum) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004520. 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, Moudasholi, Moudasholi (Dist. East Singhbhum)

The table below shows the main details of the IFSC Code BKID0004520 for the Bank Of India branch in Moudasholi (Dist. East Singhbhum), which falls under the Moudasholi Dist East Singhbhum district in Jharkhand.

Particulars Details
Bank Bank Of India
IFSC Code BKID0004520
Branch Moudasholi
City Moudasholi (Dist. East Singhbhum)
District Moudasholi Dist East Singhbhum
State Jharkhand
Address Village Moudasholipo Mohanpurvia Ghatsila

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Moudasholi (Dist. East Singhbhum) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004520 for the Moudasholi 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, along with Bank Of India located in Moudasholi, Moudasholi (Dist. East Singhbhum), Jharkhand, are given a unique IFSC like BKID0004520 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Moudasholi (Dist. East Singhbhum).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Moudasholi (Dist. East Singhbhum) and Moudasholi Dist East Singhbhum.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Moudasholi goes to the correct branch. This is important because Bank Of India has thousands of branches in Jharkhand and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0004520

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 Moudasholi in Moudasholi (Dist. East Singhbhum).

For example, the IFSC Code BKID0004520 of Bank Of India for the Moudasholi branch includes these elements, identifying the bank and the branch location in Moudasholi (Dist. East Singhbhum) and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0004520 of Bank Of India for its Moudasholi branch located in Moudasholi (Dist. East Singhbhum), the following methods can help:

Cheque Book

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

Passbook

Most of the banks, including Bank Of India branches in Moudasholi (Dist. East Singhbhum) and Moudasholi Dist East Singhbhum, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of India and look for the branch locator section, then search for Moudasholi or Moudasholi (Dist. East Singhbhum) to get the exact IFSC Code BKID0004520.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Moudasholi (Dist. East Singhbhum), then it will provide you proper information.

How to Use IFSC Code BKID0004520 for Online Transfers?

If you have the IFSC Code BKID0004520 for the Moudasholi branch of Bank Of India in Moudasholi (Dist. East Singhbhum), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004520. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0004520.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Moudasholi in Moudasholi (Dist. East Singhbhum), it may result in delayed or failed transactions.

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 Moudasholi, 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 Moudasholi (Dist. East Singhbhum) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Moudasholi, Moudasholi (Dist. East Singhbhum)?

The IFSC Code is BKID0004520.

Is the IFSC Code BKID0004520 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 Moudasholi?

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 Moudasholi branch?

The address of the branch is Village Moudasholipo Mohanpurvia Ghatsila located in Moudasholi (Dist. East Singhbhum), Moudasholi Dist East Singhbhum, Jharkhand.

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.