IFSC Code of Bank Of India, Osil Palaspanga, Palaspanga Distkeonjhar, Odisha — BKID0005426

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 Osil Palaspanga branch in Palaspanga (Dist.Keonjhar), Palaspanga Distkeonjhar, 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 Palaspanga (Dist.Keonjhar) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005426. 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, Osil Palaspanga, Palaspanga (Dist.Keonjhar)

Below in the table are the key details related to IFSC Code BKID0005426 of Bank Of India for its branch located in Palaspanga (Dist.Keonjhar), within the district of Palaspanga Distkeonjhar in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Palaspanga (Dist.Keonjhar) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005426 for the Osil Palaspanga branch of Bank Of India is vital.

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 Osil Palaspanga, Palaspanga (Dist.Keonjhar), Odisha, are given a unique IFSC like BKID0005426 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Palaspanga (Dist.Keonjhar).
• 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 Palaspanga (Dist.Keonjhar) and Palaspanga Distkeonjhar.
• 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 Osil Palaspanga goes to the correct branch. This is important because Bank Of India has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005426

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 Osil Palaspanga in Palaspanga (Dist.Keonjhar).

For example, the IFSC Code BKID0005426 of Bank Of India for the Osil Palaspanga branch has these elements, identifying the bank and the branch location in Palaspanga (Dist.Keonjhar) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005426 of Bank Of India for its Osil Palaspanga branch located in Palaspanga (Dist.Keonjhar), 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 Palaspanga (Dist.Keonjhar) and Palaspanga Distkeonjhar, 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 Osil Palaspanga or Palaspanga (Dist.Keonjhar) to get the exact IFSC Code BKID0005426.

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 Palaspanga (Dist.Keonjhar), you'll get the correct details.

How to Use IFSC Code BKID0005426 for Online Transfers?

Once you have the IFSC Code BKID0005426 for the Osil Palaspanga branch of Bank Of India in Palaspanga (Dist.Keonjhar), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005426. 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 BKID0005426.

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 Osil Palaspanga in Palaspanga (Dist.Keonjhar), it can 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 Osil Palaspanga, 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 Palaspanga (Dist.Keonjhar) to handle online money transfers and get their cheques cleared smoothly.