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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Nusrl Campus branch in Ranchi, Ranchi, Jharkhand, then this guide will give you detailed information.
The banking system has evolved significantly 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 BKID0005900. 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, Nusrl Campus, Ranchi
The table below shows the main details of the IFSC Code BKID0005900 for the Bank Of India branch in Ranchi, which falls under the Ranchi district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005900 |
| Branch | Nusrl Campus |
| City | Ranchi |
| District | Ranchi |
| State | Jharkhand |
| Address | National University Of Studies Research In Law Campus Vill Nagri Block Taluka Po Kanke Pin 834006 |
These details help users in online banking and for businesses and individuals who use Bank Of India in Ranchi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005900 for the Nusrl Campus 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Nusrl Campus, Ranchi, Jharkhand, is provided a unique IFSC like BKID0005900 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Ranchi.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Ranchi and Ranchi.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Nusrl Campus do not get misguided to another person.
Format of the IFSC Code BKID0005900
The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Nusrl Campus in Ranchi.
For example, the IFSC Code BKID0005900 of Bank Of India for the Nusrl Campus branch includes these elements, identifying the bank and the branch location in Ranchi and Jharkhand accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0005900 of Bank Of India for its Nusrl Campus branch located in Ranchi, 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 Ranchi and Ranchi, 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 Nusrl Campus or Ranchi to get the exact IFSC Code BKID0005900.
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 Ranchi that will provide accurate information.
How to Use IFSC Code BKID0005900 for Online Transfers?
Once you have the IFSC Code BKID0005900 for the Nusrl Campus branch of Bank Of India in Ranchi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0005900. 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 BKID0005900.
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 Nusrl Campus in Ranchi may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Nusrl Campus, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Ranchi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005900.
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 National University Of Studies Research In Law Campus Vill Nagri Block Taluka Po Kanke Pin 834006 located in Ranchi, Ranchi, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.