IFSC Code of Bank Of India, National Banking Group J C, Ranchi, Jharkhand- BKID000NB70

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its National Banking Group J C branch in Ranchi, Ranchi, or Jharkhand, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Ranchi or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID000NB70. You should definitely 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, National Banking Group J C, Ranchi

Here are the key points that are associated with the IFSC Code BKID000NB70 of Bank Of India for its branch located in Ranchi, within the district of Ranchi in the state of Jharkhand.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Ranchi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID000NB70 for the National Banking Group J C 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, including Bank Of India located in National Banking Group J C, Ranchi, Jharkhand, is provided with a unique IFSC like BKID000NB70 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Ranchi.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Ranchi and Ranchi.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in National Banking Group J C do not get mixed with another location.

Format of the IFSC Code BKID000NB70

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 National Banking Group J C in Ranchi.

For example, the IFSC Code BKID000NB70 of Bank Of India for the National Banking Group J C branch includes these elements, identifying the bank and the branch location in Ranchi and Jharkhand correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID000NB70 of Bank Of India for its National Banking Group J C branch located in Ranchi, 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 Ranchi and Ranchi, 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 National Banking Group J C or Ranchi to get the exact IFSC Code BKID000NB70.

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 Ranchi, you'll get the correct details.

How to Use IFSC Code BKID000NB70 for Online Transfers?

Once you have the IFSC Code BKID000NB70 for the National Banking Group J C branch of Bank Of India in Ranchi, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID000NB70. 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 BKID000NB70.

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 National Banking Group J C in Ranchi, it can result in delayed or failed transactions.

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 National Banking Group J C, 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 Ranchi manage online transfers as well as cheque clearances with ease.