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 Puliyamarathukottai branch in Puliyamarathukottai, Puliyamarathukottai, or Tamil Nadu, 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 Puliyamarathukottai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008241. 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, Puliyamarathukottai, Puliyamarathukottai
The table below shows the main details of the IFSC Code BKID0008241 for the Bank Of India branch in Puliyamarathukottai, which falls under the Puliyamarathukottai district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008241 |
| Branch | Puliyamarathukottai |
| City | Puliyamarathukottai |
| District | Puliyamarathukottai |
| State | Tamil Nadu |
| Address | Sno 4104B 1B Puliyamarathukottai Villageoddanchatram Taluk Dindigul District Tamiln |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Puliyamarathukottai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008241 for the Puliyamarathukottai 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0008241 is given to every bank branch, including Bank Of India located in Puliyamarathukottai, Puliyamarathukottai, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Puliyamarathukottai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Puliyamarathukottai and Puliyamarathukottai.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Puliyamarathukottai doesn't end up at another location.
Format of the IFSC Code BKID0008241
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 Puliyamarathukottai in Puliyamarathukottai.
For example, the IFSC Code BKID0008241 of Bank Of India for the Puliyamarathukottai branch includes these elements, identifying the bank and the branch location in Puliyamarathukottai and Tamil Nadu accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008241 of Bank Of India for its Puliyamarathukottai branch located in Puliyamarathukottai, 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 Puliyamarathukottai and Puliyamarathukottai, 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 Puliyamarathukottai or Puliyamarathukottai to get the exact IFSC Code BKID0008241.
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 Puliyamarathukottai, you'll get the correct details.
How to Use IFSC Code BKID0008241 for Online Transfers?
Once you have the IFSC Code BKID0008241 for the Puliyamarathukottai branch of Bank Of India in Puliyamarathukottai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008241. 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 BKID0008241.
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 Puliyamarathukottai in Puliyamarathukottai, 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 Puliyamarathukottai, 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 Puliyamarathukottai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008241.
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 Sno 4104B 1B Puliyamarathukottai Villageoddanchatram Taluk Dindigul District Tamiln located in Puliyamarathukottai, Puliyamarathukottai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.