IFSC Code of Bank Of India, Padhia, Padhia Dist Mayurbhanj, Odisha — BKID0005472

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Padhia branch in Padhia (Dist. Mayurbhanj), Padhia Dist Mayurbhanj, Odisha, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Padhia (Dist. Mayurbhanj) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005472. 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, Padhia, Padhia (Dist. Mayurbhanj)

Below in the table are the key details related to IFSC Code BKID0005472 of Bank Of India for its branch located in Padhia (Dist. Mayurbhanj), within the district of Padhia Dist Mayurbhanj in the state of Odisha.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Padhia (Dist. Mayurbhanj) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005472 for the Padhia 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0005472 is given to every bank branch, including Bank Of India located in Padhia, Padhia (Dist. Mayurbhanj), Odisha, 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 Padhia (Dist. Mayurbhanj).
• 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 Padhia (Dist. Mayurbhanj) and Padhia Dist Mayurbhanj.
• 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 Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Padhia doesn't end up at another location.

Format of the IFSC Code BKID0005472

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 Padhia in Padhia (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005472 of Bank Of India for the Padhia branch has these elements, identifying the bank and the branch location in Padhia (Dist. Mayurbhanj) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005472 of Bank Of India for its Padhia branch located in Padhia (Dist. Mayurbhanj), 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 Padhia (Dist. Mayurbhanj) and Padhia Dist Mayurbhanj, 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 Padhia or Padhia (Dist. Mayurbhanj) to get the exact IFSC Code BKID0005472.

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 Padhia (Dist. Mayurbhanj), you'll get the correct details.

How to Use IFSC Code BKID0005472 for Online Transfers?

Once you have the IFSC Code BKID0005472 for the Padhia branch of Bank Of India in Padhia (Dist. Mayurbhanj), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005472. 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 BKID0005472.

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 Padhia in Padhia (Dist. Mayurbhanj) 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 Padhia, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Padhia (Dist. Mayurbhanj) manage online transfers as well as cheque clearances with ease.