For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Pipariya branch in Pipariya (Gujrat), Pipariya Gujrat, Gujarat, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Pipariya (Gujrat) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002521. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Pipariya, Pipariya (Gujrat)
Here are the key points that are associated with the IFSC Code BKID0002521 of Bank Of India for its branch located in Pipariya (Gujrat), within the district of Pipariya Gujrat in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002521 |
| Branch | Pipariya |
| City | Pipariya (Gujrat) |
| District | Pipariya Gujrat |
| State | Gujarat |
| Address | Survey No26 Sezvill Pipariya |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Pipariya (Gujrat) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002521 for the Pipariya branch of Bank Of India plays a vital 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 Pipariya, Pipariya (Gujrat), Gujarat, is provided with a unique IFSC like BKID0002521 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Pipariya (Gujrat).
- 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 Pipariya (Gujrat) and Pipariya Gujrat.
- 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Pipariya do not get mixed with another location.
Format of the IFSC Code BKID0002521
The format of the IFSC Code for banks, including Bank Of India, follows 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 Pipariya in Pipariya (Gujrat).
For example, the IFSC Code BKID0002521 of Bank Of India for the Pipariya branch includes these elements, identifying the bank and the branch location in Pipariya (Gujrat) and Gujarat accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0002521 of Bank Of India for its Pipariya branch located in Pipariya (Gujrat), 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 Pipariya (Gujrat) and Pipariya Gujrat, 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 Pipariya or Pipariya (Gujrat) to get the exact IFSC Code BKID0002521.
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 Pipariya (Gujrat), then it will provide you proper information.
How to Use IFSC Code BKID0002521 for Online Transfers?
Once you have the IFSC Code BKID0002521 for the Pipariya branch of Bank Of India in Pipariya (Gujrat), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0002521. 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 BKID0002521.
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 Pipariya in Pipariya (Gujrat), it can result in delayed or failed transactions.
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 Pipariya, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Pipariya (Gujrat) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0002521.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Survey No26 Sezvill Pipariya located in Pipariya (Gujrat), Pipariya Gujrat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.