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 Radhanpur branch in Radhanpur (Distt. Patan) Gj, Radhanpur Distt Patan Gj, or Gujarat, 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 Radhanpur (Distt. Patan) Gj or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002214. 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, Radhanpur, Radhanpur (Distt. Patan) Gj
Here are some of the key details that come with the IFSC Code BKID0002214 of Bank Of India for its branch located in Radhanpur (Distt. Patan) Gj, within the district of Radhanpur Distt Patan Gj in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002214 |
| Branch | Radhanpur |
| City | Radhanpur (Distt. Patan) Gj |
| District | Radhanpur Distt Patan Gj |
| State | Gujarat |
| Address | Laxmi Niwas Gandhi Chowkradhanpur Distt Patan |
These details help users in online banking and for businesses and individuals who use Bank Of India in Radhanpur (Distt. Patan) Gj for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002214 for the Radhanpur branch of Bank Of India has a very 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 Radhanpur, Radhanpur (Distt. Patan) Gj, Gujarat, are given a unique IFSC like BKID0002214 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Radhanpur (Distt. Patan) Gj.
- 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 Radhanpur (Distt. Patan) Gj and Radhanpur Distt Patan Gj.
- 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 Radhanpur goes to the correct branch. This is important because Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0002214
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 Radhanpur in Radhanpur (Distt. Patan) Gj.
For example, the IFSC Code BKID0002214 of Bank Of India for the Radhanpur branch includes these elements, identifying the bank and the branch location in Radhanpur (Distt. Patan) Gj and Gujarat accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0002214 of Bank Of India for its Radhanpur branch located in Radhanpur (Distt. Patan) Gj, 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
Most banks, including Bank Of India branches in Radhanpur (Distt. Patan) Gj and Radhanpur Distt Patan Gj, print the IFSC and MICR codes 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 Radhanpur or Radhanpur (Distt. Patan) Gj to get the exact IFSC Code BKID0002214.
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 Radhanpur (Distt. Patan) Gj, you'll get the correct details.
How to Use IFSC Code BKID0002214 for Online Transfers?
Once you have the IFSC Code BKID0002214 for the Radhanpur branch of Bank Of India in Radhanpur (Distt. Patan) Gj, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0002214. 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 BKID0002214.
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 Radhanpur in Radhanpur (Distt. Patan) Gj may result in delayed or failed transactions.
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 Radhanpur, 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 Radhanpur (Distt. Patan) Gj to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0002214.
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 Laxmi Niwas Gandhi Chowkradhanpur Distt Patan located in Radhanpur (Distt. Patan) Gj, Radhanpur Distt Patan Gj, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.