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 Patgaon branch in Patgaon (Tal Bhudargad Dist Kolhapur), Patgaon Tal Bhudargad Dist Kolhapur, Maharashtra, 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 Patgaon (Tal Bhudargad Dist Kolhapur) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000935. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Patgaon, Patgaon (Tal Bhudargad Dist Kolhapur)

Here are the main details that are associated with the IFSC Code BKID0000935 of Bank Of India for its branch located in Patgaon (Tal Bhudargad Dist Kolhapur), within the district of Patgaon Tal Bhudargad Dist Kolhapur in the state of Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0000935
Branch Patgaon
City Patgaon (Tal Bhudargad Dist Kolhapur)
District Patgaon Tal Bhudargad Dist Kolhapur
State Maharashtra
Address Bazar Peth At Po Patgaontaluka Bhudargaddist Kolhapur

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Patgaon (Tal Bhudargad Dist Kolhapur) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000935 for the Patgaon 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 Patgaon, Patgaon (Tal Bhudargad Dist Kolhapur), Maharashtra, is provided a unique IFSC like BKID0000935 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of India branch in Patgaon (Tal Bhudargad Dist Kolhapur).
  • 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 Patgaon (Tal Bhudargad Dist Kolhapur) and Patgaon Tal Bhudargad Dist Kolhapur.
  • 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Patgaon do not get misguided to another person.

Format of the IFSC Code BKID0000935

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 Patgaon in Patgaon (Tal Bhudargad Dist Kolhapur).

For example, the IFSC Code BKID0000935 of Bank Of India for the Patgaon branch includes these elements, identifying the bank and the branch location in Patgaon (Tal Bhudargad Dist Kolhapur) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0000935 of Bank Of India for its Patgaon branch located in Patgaon (Tal Bhudargad Dist Kolhapur), 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 Patgaon (Tal Bhudargad Dist Kolhapur) and Patgaon Tal Bhudargad Dist Kolhapur, 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 Patgaon or Patgaon (Tal Bhudargad Dist Kolhapur) to get the exact IFSC Code BKID0000935.

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 Patgaon (Tal Bhudargad Dist Kolhapur), then it will provide you proper information.

How to Use IFSC Code BKID0000935 for Online Transfers?

Once you have the IFSC Code BKID0000935 for the Patgaon branch of Bank Of India in Patgaon (Tal Bhudargad Dist Kolhapur), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0000935. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0000935.

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 Patgaon in Patgaon (Tal Bhudargad Dist Kolhapur), your payment can get delayed or might not go through at all.

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 Patgaon, 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 Patgaon (Tal Bhudargad Dist Kolhapur) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Patgaon, Patgaon (Tal Bhudargad Dist Kolhapur)?

The IFSC Code is BKID0000935.

Is the IFSC Code BKID0000935 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

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

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

What is the full address of the Patgaon branch?

The address of the branch is Bazar Peth At Po Patgaontaluka Bhudargaddist Kolhapur located in Patgaon (Tal Bhudargad Dist Kolhapur), Patgaon Tal Bhudargad Dist Kolhapur, Maharashtra.

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.