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 Pangari branch in Pangari (Dist Solapur), Pangari Dist Solapur, 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 Pangari (Dist Solapur) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000732. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Pangari, Pangari (Dist Solapur)

Below in the table are the key details related to IFSC Code BKID0000732 of Bank Of India for its branch located in Pangari (Dist Solapur), within the district of Pangari Dist Solapur in the state of Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0000732
Branch Pangari
City Pangari (Dist Solapur)
District Pangari Dist Solapur
State Maharashtra
Address At Post Pangaritaluka Barsi Dist Solapur

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Pangari (Dist Solapur) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000732 for the Pangari branch of Bank Of India plays 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 Pangari, Pangari (Dist Solapur), Maharashtra, are allotted a unique IFSC like BKID0000732 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Pangari (Dist Solapur).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Pangari (Dist Solapur) and Pangari Dist Solapur.
  • 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 Pangari reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code BKID0000732

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): 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 Pangari in Pangari (Dist Solapur).

For example, the IFSC Code BKID0000732 of Bank Of India for the Pangari branch includes these elements, identifying the bank and the branch location in Pangari (Dist Solapur) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000732 of Bank Of India for its Pangari branch located in Pangari (Dist Solapur), 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 Pangari (Dist Solapur) and Pangari Dist Solapur, 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 Pangari or Pangari (Dist Solapur) to get the exact IFSC Code BKID0000732.

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 Pangari (Dist Solapur) that will provide accurate information.

How to Use IFSC Code BKID0000732 for Online Transfers?

If you have the IFSC Code BKID0000732 for the Pangari branch of Bank Of India in Pangari (Dist Solapur), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000732. 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 BKID0000732.

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 Pangari in Pangari (Dist Solapur), 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 Pangari, 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 Pangari (Dist Solapur) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Pangari, Pangari (Dist Solapur)?

The IFSC Code is BKID0000732.

Is the IFSC Code BKID0000732 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Pangari?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Pangari branch?

The address of the branch is At Post Pangaritaluka Barsi Dist Solapur located in Pangari (Dist Solapur), Pangari Dist Solapur, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.