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 Puruna Baripada branch in Puruna Baripada (Dist. Mayurbhanj), Puruna Baripada Dist Mayurbhanj, Odisha, 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 Puruna Baripada (Dist. Mayurbhanj) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005473. 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, Puruna Baripada, Puruna Baripada (Dist. Mayurbhanj)

Here are some of the key details that come with the IFSC Code BKID0005473 of Bank Of India for its branch located in Puruna Baripada (Dist. Mayurbhanj), within the district of Puruna Baripada Dist Mayurbhanj in the state of Odisha.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005473
Branch Puruna Baripada
City Puruna Baripada (Dist. Mayurbhanj)
District Puruna Baripada Dist Mayurbhanj
State Odisha
Address At Po Puruna Baripadavia Khunta Dist Mayurbhanj

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Puruna Baripada (Dist. Mayurbhanj) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005473 for the Puruna Baripada branch of Bank Of India plays 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, along with Bank Of India located in Puruna Baripada, Puruna Baripada (Dist. Mayurbhanj), Odisha, are allotted a unique IFSC like BKID0005473 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Puruna Baripada (Dist. Mayurbhanj).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Puruna Baripada (Dist. Mayurbhanj) and Puruna Baripada Dist Mayurbhanj.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of India in Puruna Baripada reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005473

This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Puruna Baripada in Puruna Baripada (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005473 of Bank Of India for the Puruna Baripada branch includes these elements, identifying the bank and the branch location in Puruna Baripada (Dist. Mayurbhanj) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0005473 of Bank Of India for its Puruna Baripada branch located in Puruna Baripada (Dist. Mayurbhanj), 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 Puruna Baripada (Dist. Mayurbhanj) and Puruna Baripada Dist Mayurbhanj, 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 Puruna Baripada or Puruna Baripada (Dist. Mayurbhanj) to get the exact IFSC Code BKID0005473.

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 Puruna Baripada (Dist. Mayurbhanj), then it will provide you proper information.

How to Use IFSC Code BKID0005473 for Online Transfers?

Once you have the IFSC Code BKID0005473 for the Puruna Baripada branch of Bank Of India in Puruna Baripada (Dist. Mayurbhanj), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005473. 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 BKID0005473.

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 Puruna Baripada in Puruna Baripada (Dist. Mayurbhanj), your payment can get delayed or might not go through at all.

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 Puruna Baripada, 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 Puruna Baripada (Dist. Mayurbhanj) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Puruna Baripada, Puruna Baripada (Dist. Mayurbhanj)?

The IFSC Code is BKID0005473.

Is the IFSC Code BKID0005473 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Puruna Baripada?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Puruna Baripada branch?

The address of the branch is At Po Puruna Baripadavia Khunta Dist Mayurbhanj located in Puruna Baripada (Dist. Mayurbhanj), Puruna Baripada Dist Mayurbhanj, Odisha.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.