IFSC Code of Bank Of India, Ravanapalaspal, Ravanapalaspal Dist Keonjhar, Odisha — BKID0005423

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 Ravanapalaspal branch in Ravanapalaspal (Dist. Keonjhar), Ravanapalaspal Dist Keonjhar, or Odisha, 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 Ravanapalaspal (Dist. Keonjhar) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005423. 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, Ravanapalaspal, Ravanapalaspal (Dist. Keonjhar)

Below in the table are the key details related to IFSC Code BKID0005423 of Bank Of India for its branch located in Ravanapalaspal (Dist. Keonjhar), within the district of Ravanapalaspal Dist Keonjhar in the state of Odisha.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Ravanapalaspal (Dist. Keonjhar) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005423 for the Ravanapalaspal branch of Bank Of India plays a vital 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 Ravanapalaspal, Ravanapalaspal (Dist. Keonjhar), Odisha, are allotted a unique IFSC like BKID0005423 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ravanapalaspal (Dist. Keonjhar).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Ravanapalaspal (Dist. Keonjhar) and Ravanapalaspal Dist Keonjhar.
• 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 Ravanapalaspal reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005423

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 Ravanapalaspal in Ravanapalaspal (Dist. Keonjhar).

For example, the IFSC Code BKID0005423 of Bank Of India for the Ravanapalaspal branch includes these elements, identifying the bank and the branch location in Ravanapalaspal (Dist. Keonjhar) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005423 of Bank Of India for its Ravanapalaspal branch located in Ravanapalaspal (Dist. Keonjhar), 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 Ravanapalaspal (Dist. Keonjhar) and Ravanapalaspal Dist Keonjhar, 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 Ravanapalaspal or Ravanapalaspal (Dist. Keonjhar) to get the exact IFSC Code BKID0005423.

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 Ravanapalaspal (Dist. Keonjhar) that will provide accurate information.

How to Use IFSC Code BKID0005423 for Online Transfers?

Once you have the IFSC Code BKID0005423 for the Ravanapalaspal branch of Bank Of India in Ravanapalaspal (Dist. Keonjhar), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005423. 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 BKID0005423.

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 Ravanapalaspal in Ravanapalaspal (Dist. Keonjhar), 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 Ravanapalaspal, 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 Ravanapalaspal (Dist. Keonjhar) manage online transfers as well as cheque clearances with ease.