There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Pachal branch in Pachal (Tal Rajapur Dist Ratnagiri), Pachal Tal Rajapur Dist Ratnagiri, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Pachal (Tal Rajapur Dist Ratnagiri) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001419. You should 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, Pachal, Pachal (Tal Rajapur Dist Ratnagiri)
Here are the key points that are associated with the IFSC Code BKID0001419 of Bank Of India for its branch located in Pachal (Tal Rajapur Dist Ratnagiri), within the district of Pachal Tal Rajapur Dist Ratnagiri in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0001419 |
| Branch | Pachal |
| City | Pachal (Tal Rajapur Dist Ratnagiri) |
| District | Pachal Tal Rajapur Dist Ratnagiri |
| State | Maharashtra |
| Address | House No 551 At Po Pachaltaluka Rajapur Dist Ratnagiri |
These details help users in online banking and for businesses and individuals who use Bank Of India in Pachal (Tal Rajapur Dist Ratnagiri) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001419 for the Pachal 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, along with Bank Of India located in Pachal, Pachal (Tal Rajapur Dist Ratnagiri), Maharashtra, are given a unique IFSC like BKID0001419 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pachal (Tal Rajapur Dist Ratnagiri).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Pachal (Tal Rajapur Dist Ratnagiri) and Pachal Tal Rajapur Dist Ratnagiri.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Bank Of India in Pachal goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0001419
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 Pachal in Pachal (Tal Rajapur Dist Ratnagiri).
For example, the IFSC Code BKID0001419 of Bank Of India for the Pachal branch includes these elements, identifying the bank and the branch location in Pachal (Tal Rajapur Dist Ratnagiri) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0001419 of Bank Of India for its Pachal branch located in Pachal (Tal Rajapur Dist Ratnagiri), 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 Pachal (Tal Rajapur Dist Ratnagiri) and Pachal Tal Rajapur Dist Ratnagiri, 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 Pachal or Pachal (Tal Rajapur Dist Ratnagiri) to find the exact IFSC Code BKID0001419.
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 Pachal (Tal Rajapur Dist Ratnagiri) will provide accurate information.
How to Use IFSC Code BKID0001419 for Online Transfers?
Once you have the IFSC Code BKID0001419 for the Pachal branch of Bank Of India in Pachal (Tal Rajapur Dist Ratnagiri), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0001419. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0001419.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Pachal in Pachal (Tal Rajapur Dist Ratnagiri), it can result in delayed or failed transactions.
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 Pachal, 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 Pachal (Tal Rajapur Dist Ratnagiri) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0001419.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is House No 551 At Po Pachaltaluka Rajapur Dist Ratnagiri located in Pachal (Tal Rajapur Dist Ratnagiri), Pachal Tal Rajapur Dist Ratnagiri, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.