IFSC Code of Bank Of India, Seawoods, Navi Mumbai, Maharashtra — BKID0000141

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 Seawoods branch in Navi Mumbai, Navi Mumbai, 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 Navi Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000141. 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, Seawoods, Navi Mumbai

Here are the main details that are associated with the IFSC Code BKID0000141 of Bank Of India for its branch located in Navi Mumbai, within the district of Navi Mumbai in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Navi Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000141 for the Seawoods 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0000141 is given to every bank branch, including Bank Of India located in Seawoods, Navi Mumbai, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Navi Mumbai.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Navi Mumbai and Navi Mumbai.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Seawoods doesn't end up at another location.

Format of the IFSC Code BKID0000141

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): 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 Seawoods in Navi Mumbai.

For example, the IFSC Code BKID0000141 of Bank Of India for the Seawoods branch includes these elements, identifying the bank and the branch location in Navi Mumbai and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0000141 of Bank Of India for its Seawoods branch located in Navi Mumbai, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including Bank Of India branches in Navi Mumbai and Navi Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Seawoods or Navi Mumbai to find the exact IFSC Code BKID0000141.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Navi Mumbai will provide accurate information.

How to Use IFSC Code BKID0000141 for Online Transfers?

Once you have the IFSC Code BKID0000141 for the Seawoods branch of Bank Of India in Navi Mumbai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0000141. 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 BKID0000141.

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 Seawoods in Navi Mumbai, your payment can get delayed or might not go through at all.

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 Seawoods, 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 Navi Mumbai manage their online transfers and cheque clearances easily.