There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Panjehra branch in Panjehra (Dist. Solan), Panjehra Dist Solan, Himachal Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Panjehra (Dist. Solan) or anywhere in Himachal Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0007915. You should 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, Panjehra, Panjehra (Dist. Solan)
Here are the key points that are associated with the IFSC Code BKID0007915 of Bank Of India for its branch located in Panjehra (Dist. Solan), within the district of Panjehra Dist Solan in the state of Himachal Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0007915 |
| Branch | Panjehra |
| City | Panjehra (Dist. Solan) |
| District | Panjehra Dist Solan |
| State | Himachal Pradesh |
| Address | Vill Popanjehrablock Nalagarh Dist Solan |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Panjehra (Dist. Solan) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0007915 for the Panjehra 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Panjehra, Panjehra (Dist. Solan), Himachal Pradesh, is provided a unique IFSC like BKID0007915 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Panjehra (Dist. Solan).
- 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 Panjehra (Dist. Solan) and Panjehra Dist Solan.
- 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 Himachal Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Panjehra do not get misguided to another person.
Format of the IFSC Code BKID0007915
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 Panjehra in Panjehra (Dist. Solan).
For example, the IFSC Code BKID0007915 of Bank Of India for the Panjehra branch includes these elements, identifying the bank and the branch location in Panjehra (Dist. Solan) and Himachal Pradesh accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0007915 of Bank Of India for its Panjehra branch located in Panjehra (Dist. Solan), the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Panjehra (Dist. Solan) and Panjehra Dist Solan, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and go to the branch locator section. Then search for Panjehra or Panjehra (Dist. Solan) to find the exact IFSC Code BKID0007915.
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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Panjehra (Dist. Solan) will provide accurate information.
How to Use IFSC Code BKID0007915 for Online Transfers?
Once you have the IFSC Code BKID0007915 for the Panjehra branch of Bank Of India in Panjehra (Dist. Solan), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0007915. 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 BKID0007915.
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 Panjehra in Panjehra (Dist. Solan), 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 Panjehra, 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 Panjehra (Dist. Solan) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0007915.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Vill Popanjehrablock Nalagarh Dist Solan located in Panjehra (Dist. Solan), Panjehra Dist Solan, Himachal Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.