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 Pusesavli branch in Pusesavli (Dist Satara), Pusesavli Dist Satara, 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 Pusesavli (Dist Satara) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001304. 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, Pusesavli, Pusesavli (Dist Satara)

Below in the table are the key details related to IFSC Code BKID0001304 of Bank Of India for its branch located in Pusesavli (Dist Satara), within the district of Pusesavli Dist Satara in the state of Maharashtra.

Particulars Details
Bank Bank Of India
IFSC Code BKID0001304
Branch Pusesavli
City Pusesavli (Dist Satara)
District Pusesavli Dist Satara
State Maharashtra
Address Opp S T Stand Datta Chowk Gangashankar Sankpusesavali Tal Khatav Dist Satara

These details helps users in online banking and for businesses and individuals who use Bank Of India in Pusesavli (Dist Satara) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001304 for the Pusesavli 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Pusesavli, Pusesavli (Dist Satara), Maharashtra, is provided a unique IFSC like BKID0001304 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of India branch in Pusesavli (Dist Satara).
  • 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 Pusesavli (Dist Satara) and Pusesavli Dist Satara.
  • 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 Pusesavli do not get misguided to another person.

Format of the IFSC Code BKID0001304

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 Pusesavli in Pusesavli (Dist Satara).

For example, the IFSC Code BKID0001304 of Bank Of India for the Pusesavli branch includes these elements, identifying the bank and the branch location in Pusesavli (Dist Satara) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001304 of Bank Of India for its Pusesavli branch located in Pusesavli (Dist Satara), 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 Pusesavli (Dist Satara) and Pusesavli Dist Satara, 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 Pusesavli or Pusesavli (Dist Satara) to get the exact IFSC Code BKID0001304.

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 Pusesavli (Dist Satara), you'll get the correct details.

How to Use IFSC Code BKID0001304 for Online Transfers?

Once you have the IFSC Code BKID0001304 for the Pusesavli branch of Bank Of India in Pusesavli (Dist Satara), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001304. 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 BKID0001304.

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 Pusesavli in Pusesavli (Dist Satara) 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 Pusesavli, 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 Pusesavli (Dist Satara) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Pusesavli, Pusesavli (Dist Satara)?

The IFSC Code is BKID0001304.

Is the IFSC Code BKID0001304 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 Pusesavli?

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 Pusesavli branch?

The address of the branch is Opp S T Stand Datta Chowk Gangashankar Sankpusesavali Tal Khatav Dist Satara located in Pusesavli (Dist Satara), Pusesavli Dist Satara, Maharashtra.

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.