IFSC Code of Bank Of India, Noamundi, Noamundi, Jharkhand- BKID0005979

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Noamundi branch in Paschimi Singhbhum, Noamundi, Jharkhand, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of India located in Paschimi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0005979. 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, Noamundi, Paschimi Singhbhum

Here are the main details that are associated with the IFSC Code BKID0005979 of Bank Of India for its branch located in Paschimi Singhbhum, within the district of Noamundi in the state of Jharkhand.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Paschimi Singhbhum for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005979 for the Noamundi branch of Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0005979 is given to every bank branch, including Bank Of India located in Noamundi, Paschimi Singhbhum, Jharkhand, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Paschimi Singhbhum.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Paschimi Singhbhum and Noamundi.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Noamundi doesn't end up at another location.

Format of the IFSC Code BKID0005979

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 Noamundi in Paschimi Singhbhum.

For example, the IFSC Code BKID0005979 of Bank Of India for the Noamundi branch includes these elements, identifying the bank and the branch location in Paschimi Singhbhum and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005979 of Bank Of India for its Noamundi branch located in Paschimi Singhbhum, 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 Paschimi Singhbhum and Noamundi, 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 Noamundi or Paschimi Singhbhum to find the exact IFSC Code BKID0005979.

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 Paschimi Singhbhum will provide accurate information.

How to Use IFSC Code BKID0005979 for Online Transfers?

Once you have the IFSC Code BKID0005979 for the Noamundi branch of Bank Of India in Paschimi Singhbhum, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005979. 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 BKID0005979.

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 Noamundi in Paschimi Singhbhum, it can 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 Noamundi, 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 Paschimi Singhbhum manage online transfers as well as cheque clearances with ease.