There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Narsingha Mandi branch in Rajgarh, Rajgarh, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Bank Of India situated in Rajgarh or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0MG0335. You should 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, Narsingha Mandi, Rajgarh
Below in the table are the key details related to IFSC Code BKID0MG0335 of Bank Of India for its branch located in Rajgarh, within the district of Rajgarh in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0MG0335 |
| Branch | Narsingha Mandi |
| City | Rajgarh |
| District | Rajgarh |
| State | Madhya Pradesh |
| Address | Narsinghgaarh, Bus Stand, Teh Narsinghgaarh, Dist Rajgarh |
These details help users in online banking and for businesses and individuals who use Bank Of India in Rajgarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG0335 for the Narsingha Mandi 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 Narsingha Mandi, Rajgarh, Madhya Pradesh, are allotted a unique IFSC like BKID0MG0335 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Rajgarh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Rajgarh and Rajgarh.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Narsingha Mandi reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code BKID0MG0335
The format of the IFSC Code for banks, including Bank Of India, has 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 Narsingha Mandi in Rajgarh.
For example, the IFSC Code BKID0MG0335 of Bank Of India for the Narsingha Mandi branch includes these elements, identifying the bank and the branch location in Rajgarh and Madhya Pradesh correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0MG0335 of Bank Of India for its Narsingha Mandi branch located in Rajgarh, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Rajgarh and Rajgarh, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Narsingha Mandi or Rajgarh to get the exact IFSC Code BKID0MG0335.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Rajgarh that will provide accurate information.
How to Use IFSC Code BKID0MG0335 for Online Transfers?
Once you have the IFSC Code BKID0MG0335 for the Narsingha Mandi branch of Bank Of India in Rajgarh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0MG0335. 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 BKID0MG0335.
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 Narsingha Mandi in Rajgarh 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 Narsingha Mandi, 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 Rajgarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0MG0335.
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 Narsinghgaarh, Bus Stand, Teh Narsinghgaarh, Dist Rajgarh located in Rajgarh, Rajgarh, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.