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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Parur Main Road branch in Parur, Parur, or Kerala, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Parur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code BKID0008564. 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, Parur Main Road, Parur
Here are the main details that are associated with the IFSC Code BKID0008564 of Bank Of India for its branch located in Parur, within the district of Parur in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008564 |
| Branch | Parur Main Road |
| City | Parur |
| District | Parur |
| State | Kerala |
| Address | Paravur Main Roaddistrict Ernakulam |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Parur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008564 for the Parur Main Road 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 Parur Main Road, Parur, Kerala, are given a unique IFSC like BKID0008564 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Parur.
- 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 Parur and Parur.
- 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 Parur Main Road goes to the correct branch. This is important because Bank Of India has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0008564
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 Parur Main Road in Parur.
For example, the IFSC Code BKID0008564 of Bank Of India for the Parur Main Road branch has these elements, identifying the bank and the branch location in Parur and Kerala correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008564 of Bank Of India for its Parur Main Road branch located in Parur, 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 Parur and Parur, 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 Parur Main Road or Parur to get the exact IFSC Code BKID0008564.
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 Parur that will provide accurate information.
How to Use IFSC Code BKID0008564 for Online Transfers?
Once you have the IFSC Code BKID0008564 for the Parur Main Road branch of Bank Of India in Parur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008564. 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 BKID0008564.
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 Parur Main Road in Parur 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 Parur Main Road, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Parur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008564.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Paravur Main Roaddistrict Ernakulam located in Parur, Parur, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.