IFSC Code of Bank Of India, Nimsod, Nimsod Dist Satara, Maharashtra- BKID0001311

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 Nimsod branch in Nimsod (Dist Satara), Nimsod Dist Satara, Maharashtra, 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 Nimsod (Dist Satara) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001311. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Nimsod, Nimsod (Dist Satara)

Here are the key points that are associated with the IFSC Code BKID0001311 of Bank Of India for its branch located in Nimsod (Dist Satara), within the district of Nimsod Dist Satara in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Nimsod (Dist Satara) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001311 for the Nimsod branch of Bank Of India has 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, including Bank Of India located in Nimsod, Nimsod (Dist Satara), Maharashtra, is provided with a unique IFSC like BKID0001311 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Nimsod (Dist Satara).
• 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 Nimsod (Dist Satara) and Nimsod Dist Satara.
• 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 Nimsod do not get mixed with another location.

Format of the IFSC Code BKID0001311

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 Nimsod in Nimsod (Dist Satara).

For example, the IFSC Code BKID0001311 of Bank Of India for the Nimsod branch includes these elements, identifying the bank and the branch location in Nimsod (Dist Satara) and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001311 of Bank Of India for its Nimsod branch located in Nimsod (Dist Satara), 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Nimsod (Dist Satara) and Nimsod Dist Satara, print them 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 Nimsod or Nimsod (Dist Satara) to get the exact IFSC Code BKID0001311.

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 Nimsod (Dist Satara), you'll get the correct details.

How to Use IFSC Code BKID0001311 for Online Transfers?

If you have the IFSC Code BKID0001311 for the Nimsod branch of Bank Of India in Nimsod (Dist Satara), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001311. 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 BKID0001311.

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 Nimsod in Nimsod (Dist Satara), 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 Nimsod, 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 Nimsod (Dist Satara) manage their online transfers and cheque clearances easily.