IFSC Code of Bank Of India, Gola Road, Patna, Bihar — BKID0006262

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 Gola Road branch in Patna, Patna, Bihar, 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 Patna or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code BKID0006262. 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, Gola Road, Patna

Here are the main details that are associated with the IFSC Code BKID0006262 of Bank Of India for its branch located in Patna, within the district of Patna in the state of Bihar.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Patna for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006262 for the Gola Road 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Gola Road, Patna, Bihar, is provided with a unique IFSC like BKID0006262 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Patna.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Patna and Patna.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Bihar and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Gola Road do not get mixed with another location.

Format of the IFSC Code BKID0006262

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

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gola Road in Patna.

For example, the IFSC Code BKID0006262 of Bank Of India for the Gola Road branch includes these elements, identifying the bank and the branch location in Patna and Bihar correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0006262 of Bank Of India for its Gola Road branch located in Patna, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Patna and Patna, print them on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Gola Road or Patna to get the exact IFSC Code BKID0006262.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Patna, you'll get the correct details.

How to Use IFSC Code BKID0006262 for Online Transfers?

Once you have the IFSC Code BKID0006262 for the Gola Road 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 BKID0006262. 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 BKID0006262.

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 Gola Road in Patna, 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 Gola Road, 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 Patna manage their online transfers and cheque clearances easily.