For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Namathodu branch in Namathodu (Dist. Tiruvannamalai), Namathodu Dist Tiruvannamalai, Tamil Nadu, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Namathodu (Dist. Tiruvannamalai) or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008364. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Namathodu, Namathodu (Dist. Tiruvannamalai)
Here are the key points that are associated with the IFSC Code BKID0008364 of Bank Of India for its branch located in Namathodu (Dist. Tiruvannamalai), within the district of Namathodu Dist Tiruvannamalai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008364 |
| Branch | Namathodu |
| City | Namathodu (Dist. Tiruvannamalai) |
| District | Namathodu Dist Tiruvannamalai |
| State | Tamil Nadu |
| Address | 319 Pillaiyar Koil Streetnamathodu Vill Povandavasi Taluk Dist Tiruvannamalai |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Namathodu (Dist. Tiruvannamalai) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008364 for the Namathodu 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 Namathodu, Namathodu (Dist. Tiruvannamalai), Tamil Nadu, are given a unique IFSC like BKID0008364 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Namathodu (Dist. Tiruvannamalai).
- 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 Namathodu (Dist. Tiruvannamalai) and Namathodu Dist Tiruvannamalai.
- 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 Namathodu goes to the correct branch. This is important because Bank Of India has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0008364
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Namathodu in Namathodu (Dist. Tiruvannamalai).
For example, the IFSC Code BKID0008364 of Bank Of India for the Namathodu branch includes these elements, identifying the bank and the branch location in Namathodu (Dist. Tiruvannamalai) and Tamil Nadu accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008364 of Bank Of India for its Namathodu branch located in Namathodu (Dist. Tiruvannamalai), the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Namathodu (Dist. Tiruvannamalai) and Namathodu Dist Tiruvannamalai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Namathodu or Namathodu (Dist. Tiruvannamalai) to get the exact IFSC Code BKID0008364.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Namathodu (Dist. Tiruvannamalai) that will provide accurate information.
How to Use IFSC Code BKID0008364 for Online Transfers?
Once you have the IFSC Code BKID0008364 for the Namathodu branch of Bank Of India in Namathodu (Dist. Tiruvannamalai), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008364. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0008364.
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 Namathodu in Namathodu (Dist. Tiruvannamalai), 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 Namathodu, 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 Namathodu (Dist. Tiruvannamalai) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008364.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 319 Pillaiyar Koil Streetnamathodu Vill Povandavasi Taluk Dist Tiruvannamalai located in Namathodu (Dist. Tiruvannamalai), Namathodu Dist Tiruvannamalai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.