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 Pat branch in Pat (Tal Kudal Dist Sindhudurg), Pat Tal Kudal Dist Sindhudurg, Maharashtra, 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 Pat (Tal Kudal Dist Sindhudurg) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001409. 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, Pat, Pat (Tal Kudal Dist Sindhudurg)
The table below shows the main details of the IFSC Code BKID0001409 for the Bank Of India branch in Pat (Tal Kudal Dist Sindhudurg), which falls under the Pat Tal Kudal Dist Sindhudurg district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0001409 |
| Branch | Pat |
| City | Pat (Tal Kudal Dist Sindhudurg) |
| District | Pat Tal Kudal Dist Sindhudurg |
| State | Maharashtra |
| Address | At Post Pattaluka Kudal Dist Sindhudurg |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Pat (Tal Kudal Dist Sindhudurg) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001409 for the Pat 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 Pat, Pat (Tal Kudal Dist Sindhudurg), Maharashtra, are given a unique IFSC like BKID0001409 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pat (Tal Kudal Dist Sindhudurg).
- 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 Pat (Tal Kudal Dist Sindhudurg) and Pat Tal Kudal Dist Sindhudurg.
- 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 Pat goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0001409
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 Pat in Pat (Tal Kudal Dist Sindhudurg).
For example, the IFSC Code BKID0001409 of Bank Of India for the Pat branch includes these elements, identifying the bank and the branch location in Pat (Tal Kudal Dist Sindhudurg) and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0001409 of Bank Of India for its Pat branch located in Pat (Tal Kudal Dist Sindhudurg), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Pat (Tal Kudal Dist Sindhudurg) and Pat Tal Kudal Dist Sindhudurg, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Pat or Pat (Tal Kudal Dist Sindhudurg) to get the exact IFSC Code BKID0001409.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Pat (Tal Kudal Dist Sindhudurg), then it will provide you proper information.
How to Use IFSC Code BKID0001409 for Online Transfers?
Once you have the IFSC Code BKID0001409 for the Pat branch of Bank Of India in Pat (Tal Kudal Dist Sindhudurg), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0001409. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0001409.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Pat in Pat (Tal Kudal Dist Sindhudurg), your payment can get delayed or might not go through at all.
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 Pat, 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 Pat (Tal Kudal Dist Sindhudurg) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0001409.
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 At Post Pattaluka Kudal Dist Sindhudurg located in Pat (Tal Kudal Dist Sindhudurg), Pat Tal Kudal Dist Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.