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 Mahua Bazar branch in Saharsa, Saharsa, Bihar, 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 Saharsa or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0005833. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Mahua Bazar, Saharsa
Here are some of the key details that come with the IFSC Code BKID0005833 of Bank Of India for its branch located in Saharsa, within the district of Saharsa in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005833 |
| Branch | Mahua Bazar |
| City | Saharsa |
| District | Saharsa |
| State | Bihar |
| Address | At Mahua Bazaropposite Police Stationpomahua Bazar Distsaharsastatebiharpin8 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Saharsa for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005833 for the Mahua Bazar branch of Bank Of India is vital.
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, including Bank Of India located in Mahua Bazar, Saharsa, Bihar, is provided with a unique IFSC like BKID0005833 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Saharsa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Saharsa and Saharsa.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Bihar and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Mahua Bazar do not get mixed with another location.
Format of the IFSC Code BKID0005833
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 Mahua Bazar in Saharsa.
For example, the IFSC Code BKID0005833 of Bank Of India for the Mahua Bazar branch includes these elements, identifying the bank and the branch location in Saharsa and Bihar accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0005833 of Bank Of India for its Mahua Bazar branch located in Saharsa, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Saharsa and Saharsa, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and go to the branch locator section. Then search for Mahua Bazar or Saharsa to find the exact IFSC Code BKID0005833.
Mobile Banking App
If you use Bank Of India's mobile app, you can 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. Searching for Bank Of India and Saharsa will provide accurate information.
How to Use IFSC Code BKID0005833 for Online Transfers?
Once you have the IFSC Code BKID0005833 for the Mahua Bazar branch of Bank Of India in Saharsa, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005833. 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 BKID0005833.
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 Mahua Bazar in Saharsa, 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 Mahua Bazar, 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 Saharsa manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mahua Bazar Saharsa branch is BKID0005833.
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 At Mahua Bazaropposite Police Stationpomahua Bazar Distsaharsastatebiharpin8.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.