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 Nuasantha branch in Nuasantha (Dist. Puri), Nuasantha Dist Puri, Odisha, 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 Nuasantha (Dist. Puri) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005555. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Nuasantha, Nuasantha (Dist. Puri)
Here are the main details that are associated with the IFSC Code BKID0005555 of Bank Of India for its branch located in Nuasantha (Dist. Puri), within the district of Nuasantha Dist Puri in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005555 |
| Branch | Nuasantha |
| City | Nuasantha (Dist. Puri) |
| District | Nuasantha Dist Puri |
| State | Odisha |
| Address | Vill Ponuasanthavia Balanga Dist Puri |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Nuasantha (Dist. Puri) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005555 for the Nuasantha branch of Bank Of India plays a vital 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 Nuasantha, Nuasantha (Dist. Puri), Odisha, is provided with a unique IFSC like BKID0005555 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Nuasantha (Dist. Puri).
- 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 Nuasantha (Dist. Puri) and Nuasantha Dist Puri.
- 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Nuasantha do not get mixed with another location.
Format of the IFSC Code BKID0005555
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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Nuasantha in Nuasantha (Dist. Puri).
For example, the IFSC Code BKID0005555 of Bank Of India for the Nuasantha branch has these elements, identifying the bank and the branch location in Nuasantha (Dist. Puri) and Odisha correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005555 of Bank Of India for its Nuasantha branch located in Nuasantha (Dist. Puri), 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 Nuasantha (Dist. Puri) and Nuasantha Dist Puri, 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 Nuasantha or Nuasantha (Dist. Puri) to get the exact IFSC Code BKID0005555.
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 Nuasantha (Dist. Puri) that will provide accurate information.
How to Use IFSC Code BKID0005555 for Online Transfers?
Once you have the IFSC Code BKID0005555 for the Nuasantha branch of Bank Of India in Nuasantha (Dist. Puri), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005555. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0005555.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Nuasantha in Nuasantha (Dist. Puri) may result in delayed or failed transactions.
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 Nuasantha, 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 Nuasantha (Dist. Puri) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005555.
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 Vill Ponuasanthavia Balanga Dist Puri located in Nuasantha (Dist. Puri), Nuasantha Dist Puri, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.