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 Keshari Nagar 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 BKID0006254. 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, Keshari Nagar, Patna
Here are the key points that are associated with the IFSC Code BKID0006254 of Bank Of India for its branch located in Patna, within the district of Patna in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006254 |
| Branch | Keshari Nagar |
| City | Patna |
| District | Patna |
| State | Bihar |
| Address | Keshari Nagar Baba Chowk Keshari Nagar P O Keshari Nagar |
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 BKID0006254 for the Keshari Nagar 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 Keshari Nagar, Patna, Bihar, are given a unique IFSC like BKID0006254 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Patna.
- 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 Patna and Patna.
- 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 Keshari Nagar goes to the correct branch. This is important because Bank Of India has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0006254
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 Keshari Nagar in Patna.
For example, the IFSC Code BKID0006254 of Bank Of India for the Keshari Nagar 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 trying to find the IFSC Code BKID0006254 of Bank Of India for its Keshari Nagar branch located in Patna, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most 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
Visit the official website of Bank Of India and find the branch locator section. Search for Keshari Nagar or Patna to get the exact IFSC Code BKID0006254.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Patna that will provide accurate information.
How to Use IFSC Code BKID0006254 for Online Transfers?
Once you have the IFSC Code BKID0006254 for the Keshari Nagar branch of Bank Of India in Patna, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0006254. 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 BKID0006254.
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 Keshari Nagar in Patna, it can result in delayed or failed transactions.
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 Keshari Nagar, 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.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0006254.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Keshari Nagar Baba Chowk Keshari Nagar P O Keshari Nagar located in Patna, Patna, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.