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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Pipliya Mandi branch in Pipliya Mandi (Mp), Pipliya Mandi Mp, Madhya Pradesh, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Pipliya Mandi (Mp) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009132. 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, Pipliya Mandi, Pipliya Mandi (Mp)
Here are the key points that are associated with the IFSC Code BKID0009132 of Bank Of India for its branch located in Pipliya Mandi (Mp), within the district of Pipliya Mandi Mp in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009132 |
| Branch | Pipliya Mandi |
| City | Pipliya Mandi (Mp) |
| District | Pipliya Mandi Mp |
| State | Madhya Pradesh |
| Address | Marketing Society Manasa Roadpipliya Mand Idist Mandsaur Mp |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Pipliya Mandi (Mp) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0009132 for the Pipliya Mandi 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 Pipliya Mandi, Pipliya Mandi (Mp), Madhya Pradesh, are given a unique IFSC like BKID0009132 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pipliya Mandi (Mp).
- 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 Pipliya Mandi (Mp) and Pipliya Mandi Mp.
- 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 Pipliya Mandi goes to the correct branch. This is important because Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0009132
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 Pipliya Mandi in Pipliya Mandi (Mp).
For example, the IFSC Code BKID0009132 of Bank Of India for the Pipliya Mandi branch includes these elements, identifying the bank and the branch location in Pipliya Mandi (Mp) and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0009132 of Bank Of India for its Pipliya Mandi branch located in Pipliya Mandi (Mp), 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 Pipliya Mandi (Mp) and Pipliya Mandi Mp, 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 Pipliya Mandi or Pipliya Mandi (Mp) to get the exact IFSC Code BKID0009132.
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 Pipliya Mandi (Mp), then it will provide you proper information.
How to Use IFSC Code BKID0009132 for Online Transfers?
Once you have the IFSC Code BKID0009132 for the Pipliya Mandi branch of Bank Of India in Pipliya Mandi (Mp), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0009132. Transfers are processed in batches. This is suitable for 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 BKID0009132.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Pipliya Mandi in Pipliya Mandi (Mp) may 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 Pipliya Mandi, 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 Pipliya Mandi (Mp) manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009132.
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 Marketing Society Manasa Roadpipliya Mand Idist Mandsaur Mp located in Pipliya Mandi (Mp), Pipliya Mandi Mp, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.