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 Khed branch in Ratnagiri, Khed, 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 Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0VG3008. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Khed, Ratnagiri
Below in the table are the key details related to IFSC Code BKID0VG3008 of Bank Of India for its branch located in Ratnagiri, within the district of Khed in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0VG3008 |
| Branch | Khed |
| City | Ratnagiri |
| District | Khed |
| State | Maharashtra |
| Address | Vidharbh Konkan Gramin Bank Khed At Post Tal Khed Dist Ratnagiri Ratnagiri Ratnagiri Mh 415709 Indiaratnagiri |
These details help users in online banking and for businesses and individuals who use Bank Of India in Ratnagiri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0VG3008 for the Khed 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Khed, Ratnagiri, Maharashtra, are allotted a unique IFSC like BKID0VG3008 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ratnagiri.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ratnagiri and Khed.
- 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 Khed reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BKID0VG3008
This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Khed in Ratnagiri.
For example, the IFSC Code BKID0VG3008 of Bank Of India for the Khed branch includes these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0VG3008 of Bank Of India for its Khed branch located in Ratnagiri, 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 Ratnagiri and Khed, 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 Khed or Ratnagiri to get the exact IFSC Code BKID0VG3008.
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 Ratnagiri, then it will provide you proper information.
How to Use IFSC Code BKID0VG3008 for Online Transfers?
Once you have the IFSC Code BKID0VG3008 for the Khed branch of Bank Of India in Ratnagiri, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0VG3008. 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 BKID0VG3008.
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 Khed in Ratnagiri, your payment can get delayed or might not go through at all.
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 Khed, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Ratnagiri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Khed Ratnagiri branch is BKID0VG3008.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Vidharbh Konkan Gramin Bank Khed At Post Tal Khed Dist Ratnagiri Ratnagiri Ratnagiri Mh 415709 Indiaratnagiri.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.