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 Pannam Kombu branch in Pannam Kombu (Dist.Tiruchirapally), Pannam Kombu Disttiruchirapally, Tamil Nadu, 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 Pannam Kombu (Dist.Tiruchirapally) or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008314. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Pannam Kombu, Pannam Kombu (Dist.Tiruchirapally)

Here are the key points that are associated with the IFSC Code BKID0008314 of Bank Of India for its branch located in Pannam Kombu (Dist.Tiruchirapally), within the district of Pannam Kombu Disttiruchirapally in the state of Tamil Nadu.

Particulars Details
Bank Bank Of India
IFSC Code BKID0008314
Branch Pannam Kombu
City Pannam Kombu (Dist.Tiruchirapally)
District Pannam Kombu Disttiruchirapally
State Tamil Nadu
Address Thiagesar Alai Postmadurai Roadmanapparai Taluktiruchirapally

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Pannam Kombu (Dist.Tiruchirapally) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008314 for the Pannam Kombu 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, including Bank Of India located in Pannam Kombu, Pannam Kombu (Dist.Tiruchirapally), Tamil Nadu, is provided with a unique IFSC like BKID0008314 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of India branch in Pannam Kombu (Dist.Tiruchirapally).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Pannam Kombu (Dist.Tiruchirapally) and Pannam Kombu Disttiruchirapally.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Pannam Kombu do not get mixed with another location.

Format of the IFSC Code BKID0008314

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 Pannam Kombu in Pannam Kombu (Dist.Tiruchirapally).

For example, the IFSC Code BKID0008314 of Bank Of India for the Pannam Kombu branch includes these elements, identifying the bank and the branch location in Pannam Kombu (Dist.Tiruchirapally) and Tamil Nadu correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0008314 of Bank Of India for its Pannam Kombu branch located in Pannam Kombu (Dist.Tiruchirapally), 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 Pannam Kombu (Dist.Tiruchirapally) and Pannam Kombu Disttiruchirapally, 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 Pannam Kombu or Pannam Kombu (Dist.Tiruchirapally) to get the exact IFSC Code BKID0008314.

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 Pannam Kombu (Dist.Tiruchirapally), you'll get the correct details.

How to Use IFSC Code BKID0008314 for Online Transfers?

Once you have the IFSC Code BKID0008314 for the Pannam Kombu branch of Bank Of India in Pannam Kombu (Dist.Tiruchirapally), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008314. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0008314.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Pannam Kombu in Pannam Kombu (Dist.Tiruchirapally) may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Pannam Kombu, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Pannam Kombu (Dist.Tiruchirapally) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Pannam Kombu, Pannam Kombu (Dist.Tiruchirapally)?

The IFSC Code is BKID0008314.

Is the IFSC Code BKID0008314 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Pannam Kombu branch?

The address of the branch is Thiagesar Alai Postmadurai Roadmanapparai Taluktiruchirapally located in Pannam Kombu (Dist.Tiruchirapally), Pannam Kombu Disttiruchirapally, Tamil Nadu.

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.