IFSC Code of Bank Of India, Rairangpur, Rairangpur Dist Mayurbhanj, Odisha — BKID0005503

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Rairangpur branch in Rairangpur (Dist. Mayurbhanj), Rairangpur Dist Mayurbhanj, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Rairangpur (Dist. Mayurbhanj) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005503. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Rairangpur, Rairangpur (Dist. Mayurbhanj)

Here are the main details that are associated with the IFSC Code BKID0005503 of Bank Of India for its branch located in Rairangpur (Dist. Mayurbhanj), within the district of Rairangpur Dist Mayurbhanj in the state of Odisha.

These details help users in online banking and for businesses and individuals who use Bank Of India in Rairangpur (Dist. Mayurbhanj) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005503 for the Rairangpur 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 Rairangpur, Rairangpur (Dist. Mayurbhanj), Odisha, are given a unique IFSC like BKID0005503 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Rairangpur (Dist. Mayurbhanj).
• 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 Rairangpur (Dist. Mayurbhanj) and Rairangpur Dist Mayurbhanj.
• 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 Rairangpur goes to the correct branch. This is important because Bank Of India has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005503

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 Rairangpur in Rairangpur (Dist. Mayurbhanj).

For example, the IFSC Code BKID0005503 of Bank Of India for the Rairangpur branch has these elements, identifying the bank and the branch location in Rairangpur (Dist. Mayurbhanj) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005503 of Bank Of India for its Rairangpur branch located in Rairangpur (Dist. Mayurbhanj), 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 Rairangpur (Dist. Mayurbhanj) and Rairangpur Dist Mayurbhanj, 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 Rairangpur or Rairangpur (Dist. Mayurbhanj) to get the exact IFSC Code BKID0005503.

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 Rairangpur (Dist. Mayurbhanj), you'll get the correct details.

How to Use IFSC Code BKID0005503 for Online Transfers?

Once you have the IFSC Code BKID0005503 for the Rairangpur branch of Bank Of India in Rairangpur (Dist. Mayurbhanj), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005503. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0005503.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Rairangpur in Rairangpur (Dist. Mayurbhanj), your payment can get delayed or might not go through at all.

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 Rairangpur, 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 Rairangpur (Dist. Mayurbhanj) manage online transfers as well as cheque clearances with ease.