IFSC Code of Bank Of India, Delhi Gate, Palanpur, Gujarat — BKID0002304

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 Delhi Gate branch in Palanpur, Palanpur, Gujarat, 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 Palanpur or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002304. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Delhi Gate, Palanpur

Below in the table are the key details related to IFSC Code BKID0002304 of Bank Of India for its branch located in Palanpur, within the district of Palanpur in the state of Gujarat.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Palanpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002304 for the Delhi Gate 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, along with Bank Of India located in Delhi Gate, Palanpur, Gujarat, are allotted a unique IFSC like BKID0002304 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Palanpur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Palanpur and Palanpur.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of India in Delhi Gate reaches the right place, even though there are thousands of branches in Gujarat and across India.

Format of the IFSC Code BKID0002304

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Delhi Gate in Palanpur.

For example, the IFSC Code BKID0002304 of Bank Of India for the Delhi Gate branch includes these elements, identifying the bank and the branch location in Palanpur and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0002304 of Bank Of India for its Delhi Gate branch located in Palanpur, 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 Palanpur and Palanpur, 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 Delhi Gate or Palanpur to get the exact IFSC Code BKID0002304.

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 Palanpur, you'll get the correct details.

How to Use IFSC Code BKID0002304 for Online Transfers?

If you have the IFSC Code BKID0002304 for the Delhi Gate branch of Bank Of India in Palanpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0002304. 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 BKID0002304.

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 Delhi Gate in Palanpur, it 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 Delhi Gate, 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 Palanpur manage online transfers as well as cheque clearances with ease.