IFSC Code of Bank Of India, Bijayachandrapur, Paradeep, Odisha — BKID0005122

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 Bijayachandrapur branch in Paradeep, Paradeep, Odisha, 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 Paradeep or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005122. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Bijayachandrapur, Paradeep

Below in the table are the key details related to IFSC Code BKID0005122 of Bank Of India for its branch located in Paradeep, within the district of Paradeep in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Paradeep for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005122 for the Bijayachandrapur 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Bijayachandrapur, Paradeep, Odisha, is provided a unique IFSC like BKID0005122 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Paradeep.
• 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 Paradeep and Paradeep.
• 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 Odisha and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Bijayachandrapur do not get misguided to another person.

Format of the IFSC Code BKID0005122

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

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bijayachandrapur in Paradeep.

For example, the IFSC Code BKID0005122 of Bank Of India for the Bijayachandrapur branch includes these elements, identifying the bank and the branch location in Paradeep and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005122 of Bank Of India for its Bijayachandrapur branch located in Paradeep, 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 Paradeep and Paradeep, 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 Bijayachandrapur or Paradeep to get the exact IFSC Code BKID0005122.

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 Paradeep, you'll get the correct details.

How to Use IFSC Code BKID0005122 for Online Transfers?

If you have the IFSC Code BKID0005122 for the Bijayachandrapur branch of Bank Of India in Paradeep, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005122. 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 BKID0005122.

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 Bijayachandrapur in Paradeep, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Bijayachandrapur, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Paradeep manage online transfers as well as cheque clearances with ease.