IFSC Code of Bank Of India, Ralegaon, Ralegaon Mh, Maharashtra — BKID0000638

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 Ralegaon branch in Ralegaon (Mh), Ralegaon Mh, Maharashtra, 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 Ralegaon (Mh) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000638. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Ralegaon, Ralegaon (Mh)

Here are the main details that are associated with the IFSC Code BKID0000638 of Bank Of India for its branch located in Ralegaon (Mh), within the district of Ralegaon Mh in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Ralegaon (Mh) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000638 for the Ralegaon 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Ralegaon, Ralegaon (Mh), Maharashtra, are allotted a unique IFSC like BKID0000638 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ralegaon (Mh).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Ralegaon (Mh) and Ralegaon Mh.
• 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 Ralegaon reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code BKID0000638

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 Ralegaon in Ralegaon (Mh).

For example, the IFSC Code BKID0000638 of Bank Of India for the Ralegaon branch includes these elements, identifying the bank and the branch location in Ralegaon (Mh) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000638 of Bank Of India for its Ralegaon branch located in Ralegaon (Mh), 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 Ralegaon (Mh) and Ralegaon Mh, 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 Ralegaon or Ralegaon (Mh) to get the exact IFSC Code BKID0000638.

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 Ralegaon (Mh) that will provide accurate information.

How to Use IFSC Code BKID0000638 for Online Transfers?

Once you have the IFSC Code BKID0000638 for the Ralegaon branch of Bank Of India in Ralegaon (Mh), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0000638. 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 BKID0000638.

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 Ralegaon in Ralegaon (Mh), 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 Ralegaon, 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 Ralegaon (Mh) manage online transfers as well as cheque clearances with ease.