IFSC Code of Bank Of India, Svg Market Complex C And P, Rajamundry, Andhra Pradesh- BKID0008694

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 Svg Market Complex C And P branch in Rajamundry, Rajamundry, Andhra Pradesh, 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 Rajamundry or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code BKID0008694. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Svg Market Complex C And P, Rajamundry

Here are the main details that are associated with the IFSC Code BKID0008694 of Bank Of India for its branch located in Rajamundry, within the district of Rajamundry in the state of Andhra Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Rajamundry for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008694 for the Svg Market Complex C And P branch of Bank Of India plays an important 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 BKID0008694 is given to every bank branch, including Bank Of India located in Svg Market Complex C And P, Rajamundry, Andhra Pradesh, 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 Rajamundry.
• 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 Rajamundry and Rajamundry.
• 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 Andhra Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Svg Market Complex C And P doesn't end up at another location.

Format of the IFSC Code BKID0008694

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): Show the bank code. For Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Svg Market Complex C And P in Rajamundry.

For example, the IFSC Code BKID0008694 of Bank Of India for the Svg Market Complex C And P branch includes these elements, identifying the bank and the branch location in Rajamundry and Andhra Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0008694 of Bank Of India for its Svg Market Complex C And P branch located in Rajamundry, the following methods can help you out:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Rajamundry and Rajamundry, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Svg Market Complex C And P or Rajamundry to find the exact IFSC Code BKID0008694.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Rajamundry will provide accurate information.

How to Use IFSC Code BKID0008694 for Online Transfers?

Once you have the IFSC Code BKID0008694 for the Svg Market Complex C And P branch of Bank Of India in Rajamundry, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0008694. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 BKID0008694.

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 Svg Market Complex C And P in Rajamundry, your payment can get delayed or might not go through at all.

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 Svg Market Complex C And P, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Rajamundry manage online transfers as well as cheque clearances with ease.