IFSC Code of Bank Of India, Saikheda, Narsinghpur, Madhya Pradesh- BKID0MG1240

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 Saikheda branch in Narsinghpur, Narsinghpur, Madhya Pradesh, 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 Narsinghpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG1240. 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, Saikheda, Narsinghpur

The table below shows the main details of the IFSC Code BKID0MG1240 for the Bank Of India branch in Narsinghpur, which falls under the Narsinghpur district in Madhya Pradesh.

These details help users in online banking and for businesses and individuals who use Bank Of India in Narsinghpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG1240 for the Saikheda 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 Saikheda, Narsinghpur, Madhya Pradesh, is provided with a unique IFSC like BKID0MG1240 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Narsinghpur.
• 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 Narsinghpur and Narsinghpur.
• 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Saikheda do not get mixed with another location.

Format of the IFSC Code BKID0MG1240

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 Saikheda in Narsinghpur.

For example, the IFSC Code BKID0MG1240 of Bank Of India for the Saikheda branch includes these elements, identifying the bank and the branch location in Narsinghpur and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0MG1240 of Bank Of India for its Saikheda branch located in Narsinghpur, 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

Most banks, including Bank Of India branches in Narsinghpur and Narsinghpur, print the IFSC and MICR codes 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 Saikheda or Narsinghpur to get the exact IFSC Code BKID0MG1240.

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 Narsinghpur, you'll get the correct details.

How to Use IFSC Code BKID0MG1240 for Online Transfers?

If you have the IFSC Code BKID0MG1240 for the Saikheda branch of Bank Of India in Narsinghpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0MG1240. 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 BKID0MG1240.

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 Saikheda in Narsinghpur, it 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 Saikheda, 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 Narsinghpur manage their online transfers and cheque clearances easily.