IFSC Code of Bank Of India, Mul, Mul Dist Chandrapur, Maharashtra- BKID0009634

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Mul branch in Mul Dist Chandrapur, Mul Dist Chandrapur, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Mul Dist Chandrapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009634. 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, Mul, Mul Dist Chandrapur

Below in the table are the key details related to IFSC Code BKID0009634 of Bank Of India for its branch located in Mul Dist Chandrapur, within the district of Mul Dist Chandrapur in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Mul Dist Chandrapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009634 for the Mul 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, including Bank Of India located in Mul, Mul Dist Chandrapur, Maharashtra, is provided with a unique IFSC like BKID0009634 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Mul Dist Chandrapur.
• 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 Mul Dist Chandrapur and Mul Dist Chandrapur.
• 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Mul do not get mixed with another location.

Format of the IFSC Code BKID0009634

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Mul in Mul Dist Chandrapur.

For example, the IFSC Code BKID0009634 of Bank Of India for the Mul branch has these elements, identifying the bank and the branch location in Mul Dist Chandrapur and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0009634 of Bank Of India for its Mul branch located in Mul Dist Chandrapur, 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 Mul Dist Chandrapur and Mul Dist Chandrapur, 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 Mul or Mul Dist Chandrapur to get the exact IFSC Code BKID0009634.

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 Mul Dist Chandrapur, then it will provide you proper information.

How to Use IFSC Code BKID0009634 for Online Transfers?

Once you have the IFSC Code BKID0009634 for the Mul branch of Bank Of India in Mul Dist Chandrapur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009634. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0009634.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Mul in Mul Dist Chandrapur, it can 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 Mul, 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 Mul Dist Chandrapur manage their online transfers and cheque clearances easily.