IFSC Code of Bank Of India, Rashivade, Rashiwade Dist Kolhapur, Maharashtra- BKID0000923

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 Rashivade branch in Rashiwade (Dist Kolhapur), Rashiwade Dist Kolhapur, or Maharashtra, 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 Rashiwade (Dist Kolhapur) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000923. 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, Rashivade, Rashiwade (Dist Kolhapur)

Here are the key points that are associated with the IFSC Code BKID0000923 of Bank Of India for its branch located in Rashiwade (Dist Kolhapur), within the district of Rashiwade Dist Kolhapur in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Rashiwade (Dist Kolhapur) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000923 for the Rashivade 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0000923 is given to every bank branch, including Bank Of India located in Rashivade, Rashiwade (Dist Kolhapur), Maharashtra, 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 Rashiwade (Dist Kolhapur).
• 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 Rashiwade (Dist Kolhapur) and Rashiwade Dist Kolhapur.
• 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Rashivade doesn't end up at another location.

Format of the IFSC Code BKID0000923

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 Rashivade in Rashiwade (Dist Kolhapur).

For example, the IFSC Code BKID0000923 of Bank Of India for the Rashivade branch includes these elements, identifying the bank and the branch location in Rashiwade (Dist Kolhapur) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000923 of Bank Of India for its Rashivade branch located in Rashiwade (Dist Kolhapur), 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 Rashiwade (Dist Kolhapur) and Rashiwade Dist Kolhapur, 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 Rashivade or Rashiwade (Dist Kolhapur) to get the exact IFSC Code BKID0000923.

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 Rashiwade (Dist Kolhapur) that will provide accurate information.

How to Use IFSC Code BKID0000923 for Online Transfers?

If you have the IFSC Code BKID0000923 for the Rashivade branch of Bank Of India in Rashiwade (Dist Kolhapur), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000923. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0000923.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Rashivade in Rashiwade (Dist Kolhapur), it 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 Rashivade, 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 Rashiwade (Dist Kolhapur) manage their online transfers and cheque clearances easily.