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 Purushottamnagar branch in Purushottamnagar (Dist Nandurbar), Purushottamnagar Dist Nandurbar, Maharashtra, 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 Purushottamnagar (Dist Nandurbar) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000691. 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, Purushottamnagar, Purushottamnagar (Dist Nandurbar)
The table below shows the main details of the IFSC Code BKID0000691 for the Bank Of India branch in Purushottamnagar (Dist Nandurbar), which falls under the Purushottamnagar Dist Nandurbar district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0000691 |
| Branch | Purushottamnagar |
| City | Purushottamnagar (Dist Nandurbar) |
| District | Purushottamnagar Dist Nandurbar |
| State | Maharashtra |
| Address | At Po Lonkheda Tal Shahadadist Nandurbar Pin 425409 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Purushottamnagar (Dist Nandurbar) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000691 for the Purushottamnagar 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Purushottamnagar, Purushottamnagar (Dist Nandurbar), Maharashtra, is provided a unique IFSC like BKID0000691 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Purushottamnagar (Dist Nandurbar).
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Purushottamnagar (Dist Nandurbar) and Purushottamnagar Dist Nandurbar.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Purushottamnagar do not get misguided to another person.
Format of the IFSC Code BKID0000691
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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Purushottamnagar in Purushottamnagar (Dist Nandurbar).
For example, the IFSC Code BKID0000691 of Bank Of India for the Purushottamnagar branch has these elements, identifying the bank and the branch location in Purushottamnagar (Dist Nandurbar) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0000691 of Bank Of India for its Purushottamnagar branch located in Purushottamnagar (Dist Nandurbar), 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 Purushottamnagar (Dist Nandurbar) and Purushottamnagar Dist Nandurbar, 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 Purushottamnagar or Purushottamnagar (Dist Nandurbar) to get the exact IFSC Code BKID0000691.
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 Purushottamnagar (Dist Nandurbar) that will provide accurate information.
How to Use IFSC Code BKID0000691 for Online Transfers?
Once you have the IFSC Code BKID0000691 for the Purushottamnagar branch of Bank Of India in Purushottamnagar (Dist Nandurbar), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0000691. 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 BKID0000691.
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 Purushottamnagar in Purushottamnagar (Dist Nandurbar) may result in delayed or failed transactions.
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 Purushottamnagar, 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 Purushottamnagar (Dist Nandurbar) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Purushottamnagar Purushottamnagar (Dist Nandurbar) branch is BKID0000691.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at At Po Lonkheda Tal Shahadadist Nandurbar Pin 425409.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.