For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Raigunj branch in Raigunj, Raigunj, West Bengal, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Raigunj or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004347. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Raigunj, Raigunj
The table below shows the main details of the IFSC Code BKID0004347 for the Bank Of India branch in Raigunj, which falls under the Raigunj district in West Bengal.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004347 |
| Branch | Raigunj |
| City | Raigunj |
| District | Raigunj |
| State | West Bengal |
| Address | Opp Asha Talkies Nsroadpo Raigunj Dtuttar Dinajpur Wb |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Raigunj for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004347 for the Raigunj branch of Bank Of India has 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 Raigunj, Raigunj, West Bengal, are given a unique IFSC like BKID0004347 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raigunj.
- 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 Raigunj and Raigunj.
- 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 Raigunj goes to the correct branch. This is important because Bank Of India has thousands of branches in West Bengal and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0004347
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 Raigunj in Raigunj.
For example, the IFSC Code BKID0004347 of Bank Of India for the Raigunj branch includes these elements, identifying the bank and the branch location in Raigunj and West Bengal accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004347 of Bank Of India for its Raigunj branch located in Raigunj, 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 Raigunj and Raigunj, 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 Raigunj or Raigunj to get the exact IFSC Code BKID0004347.
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 Raigunj, you'll get the correct details.
How to Use IFSC Code BKID0004347 for Online Transfers?
Once you have the IFSC Code BKID0004347 for the Raigunj branch of Bank Of India in Raigunj, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004347. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0004347.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Raigunj in Raigunj, it can 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 Raigunj, 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 Raigunj manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Raigunj Raigunj branch is BKID0004347.
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 Opp Asha Talkies Nsroadpo Raigunj Dtuttar Dinajpur Wb.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.