IFSC Code of Bank Of India, Paithan, Paithan Dist Raigad, Maharashtra- BKID0001238

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 Paithan branch in Paithan (Dist Raigad), Paithan Dist Raigad, Maharashtra, 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 Paithan (Dist Raigad) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001238. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Paithan, Paithan (Dist Raigad)

Below in the table are the key details related to IFSC Code BKID0001238 of Bank Of India for its branch located in Paithan (Dist Raigad), within the district of Paithan Dist Raigad in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Paithan (Dist Raigad) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001238 for the Paithan 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Paithan, Paithan (Dist Raigad), Maharashtra, is provided a unique IFSC like BKID0001238 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Paithan (Dist Raigad).
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Paithan (Dist Raigad) and Paithan Dist Raigad.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Paithan do not get misguided to another person.

Format of the IFSC Code BKID0001238

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 Paithan in Paithan (Dist Raigad).

For example, the IFSC Code BKID0001238 of Bank Of India for the Paithan branch includes these elements, identifying the bank and the branch location in Paithan (Dist Raigad) and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001238 of Bank Of India for its Paithan branch located in Paithan (Dist Raigad), 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 Paithan (Dist Raigad) and Paithan Dist Raigad, 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 Paithan or Paithan (Dist Raigad) to get the exact IFSC Code BKID0001238.

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 Paithan (Dist Raigad) that will provide accurate information.

How to Use IFSC Code BKID0001238 for Online Transfers?

If you have the IFSC Code BKID0001238 for the Paithan branch of Bank Of India in Paithan (Dist Raigad), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001238. 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 BKID0001238.

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 Paithan in Paithan (Dist Raigad), it may 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 Paithan, 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 Paithan (Dist Raigad) manage online transfers as well as cheque clearances with ease.