IFSC Code of Bank Of India, Ashiana Ram Nagari, Patna, Bihar — BKID0004437

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 Ashiana Ram Nagari branch in Patna, Patna, or Bihar, 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 Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0004437. 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, Ashiana Ram Nagari, Patna

Here are the key points that are associated with the IFSC Code BKID0004437 of Bank Of India for its branch located in Patna, within the district of Patna in the state of Bihar.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Patna for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004437 for the Ashiana Ram Nagari branch of Bank Of India is vital.

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 Ashiana Ram Nagari, Patna, Bihar, is provided a unique IFSC like BKID0004437 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Patna.
• 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 Patna and Patna.
• 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 Bihar and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Ashiana Ram Nagari do not get misguided to another person.

Format of the IFSC Code BKID0004437

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

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ashiana Ram Nagari in Patna.

For example, the IFSC Code BKID0004437 of Bank Of India for the Ashiana Ram Nagari branch includes these elements, identifying the bank and the branch location in Patna and Bihar accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0004437 of Bank Of India for its Ashiana Ram Nagari branch located in Patna, 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 Patna and Patna, 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 Ashiana Ram Nagari or Patna to get the exact IFSC Code BKID0004437.

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 Patna, then it will provide you proper information.

How to Use IFSC Code BKID0004437 for Online Transfers?

Once you have the IFSC Code BKID0004437 for the Ashiana Ram Nagari branch of Bank Of India in Patna, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004437. 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 BKID0004437.

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 Ashiana Ram Nagari in Patna, your payment can get delayed or might not go through at all.

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 Ashiana Ram Nagari, 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 Patna manage online transfers as well as cheque clearances with ease.