IFSC Code of Bank Of India, Ratibad, Ratibad Distt Bhopal Mp, Madhya Pradesh- BKID0009070

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 Ratibad branch in Ratibad (Distt Bhopal Mp), Ratibad Distt Bhopal Mp, Madhya Pradesh, 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 Ratibad (Distt Bhopal Mp) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009070. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Ratibad, Ratibad (Distt Bhopal Mp)

Below in the table are the key details related to IFSC Code BKID0009070 of Bank Of India for its branch located in Ratibad (Distt Bhopal Mp), within the district of Ratibad Distt Bhopal Mp in the state of Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Ratibad (Distt Bhopal Mp) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009070 for the Ratibad 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Ratibad, Ratibad (Distt Bhopal Mp), Madhya Pradesh, is provided a unique IFSC like BKID0009070 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Ratibad (Distt Bhopal Mp).
• 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 Ratibad (Distt Bhopal Mp) and Ratibad Distt Bhopal Mp.
• 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Ratibad do not get misguided to another person.

Format of the IFSC Code BKID0009070

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 Ratibad in Ratibad (Distt Bhopal Mp).

For example, the IFSC Code BKID0009070 of Bank Of India for the Ratibad branch includes these elements, identifying the bank and the branch location in Ratibad (Distt Bhopal Mp) and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0009070 of Bank Of India for its Ratibad branch located in Ratibad (Distt Bhopal Mp), the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Bank Of India branches in Ratibad (Distt Bhopal Mp) and Ratibad Distt Bhopal Mp, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of India and look for the branch locator section, then search for Ratibad or Ratibad (Distt Bhopal Mp) to get the exact IFSC Code BKID0009070.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Ratibad (Distt Bhopal Mp), then it will provide you proper information.

How to Use IFSC Code BKID0009070 for Online Transfers?

If you have the IFSC Code BKID0009070 for the Ratibad branch of Bank Of India in Ratibad (Distt Bhopal Mp), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009070. 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 BKID0009070.

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 Ratibad in Ratibad (Distt Bhopal Mp), it 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 Ratibad, 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 Ratibad (Distt Bhopal Mp) manage online transfers as well as cheque clearances with ease.