IFSC Code of Bank Of India, Raghunathpur, Raghunathpur, Jharkhand — BKID0004525

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 Raghunathpur branch in Raghunathpur, Raghunathpur, or Jharkhand, 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 Raghunathpur or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004525. 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, Raghunathpur, Raghunathpur

Here are the main details that are associated with the IFSC Code BKID0004525 of Bank Of India for its branch located in Raghunathpur, within the district of Raghunathpur in the state of Jharkhand.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Raghunathpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004525 for the Raghunathpur 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0004525 is given to every bank branch, including Bank Of India located in Raghunathpur, Raghunathpur, Jharkhand, 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 Raghunathpur.
• 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 Raghunathpur and Raghunathpur.
• 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 Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Raghunathpur doesn't end up at another location.

Format of the IFSC Code BKID0004525

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 Raghunathpur in Raghunathpur.

For example, the IFSC Code BKID0004525 of Bank Of India for the Raghunathpur branch includes these elements, identifying the bank and the branch location in Raghunathpur and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004525 of Bank Of India for its Raghunathpur branch located in Raghunathpur, 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 Raghunathpur and Raghunathpur, 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 Raghunathpur or Raghunathpur to get the exact IFSC Code BKID0004525.

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 Raghunathpur, you'll get the correct details.

How to Use IFSC Code BKID0004525 for Online Transfers?

Once you have the IFSC Code BKID0004525 for the Raghunathpur branch of Bank Of India in Raghunathpur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004525. 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 BKID0004525.

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 Raghunathpur in Raghunathpur 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 Raghunathpur, 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 Raghunathpur manage online transfers as well as cheque clearances with ease.