The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Mandir Marg branch in New Delhi, New Delhi, Delhi, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of India located in New Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code BKID0006052. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Mandir Marg, New Delhi
Here are the key points that are associated with the IFSC Code BKID0006052 of Bank Of India for its branch located in New Delhi, within the district of New Delhi in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006052 |
| Branch | Mandir Marg |
| City | New Delhi |
| District | New Delhi |
| State | Delhi |
| Address | Swati Working Girls Hostelmandir Marg |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in New Delhi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0006052 for the Mandir Marg branch of Bank Of India is vital.
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 Mandir Marg, New Delhi, Delhi, are allotted a unique IFSC like BKID0006052 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in New Delhi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like New Delhi and New Delhi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Mandir Marg reaches the right place, even though there are thousands of branches in Delhi and across India.
Format of the IFSC Code BKID0006052
The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mandir Marg in New Delhi.
For example, the IFSC Code BKID0006052 of Bank Of India for the Mandir Marg branch includes these elements, identifying the bank and the branch location in New Delhi and Delhi accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0006052 of Bank Of India for its Mandir Marg branch located in New Delhi, 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 New Delhi and New Delhi, 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 Mandir Marg or New Delhi to get the exact IFSC Code BKID0006052.
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 New Delhi, you'll get the correct details.
How to Use IFSC Code BKID0006052 for Online Transfers?
Once you have the IFSC Code BKID0006052 for the Mandir Marg branch of Bank Of India in New Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0006052. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0006052.
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 Mandir Marg in New Delhi, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Mandir Marg, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in New Delhi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mandir Marg New Delhi branch is BKID0006052.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Swati Working Girls Hostelmandir Marg.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.