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 Samlaya branch in Samlaya (Tal. Savli, Dist.Vadodara), Samlaya Tal Savli Distvadodara, Gujarat, 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 Samlaya (Tal. Savli, Dist.Vadodara) or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002509. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Samlaya, Samlaya (Tal. Savli, Dist.Vadodara)

Here are the key points that are associated with the IFSC Code BKID0002509 of Bank Of India for its branch located in Samlaya (Tal. Savli, Dist.Vadodara), within the district of Samlaya Tal Savli Distvadodara in the state of Gujarat.

Particulars Details
Bank Bank Of India
IFSC Code BKID0002509
Branch Samlaya
City Samlaya (Tal. Savli, Dist.Vadodara)
District Samlaya Tal Savli Distvadodara
State Gujarat
Address At Post Samlayataluka Savli Dist Vadodara

These details helps users in online banking and for businesses and individuals who use Bank Of India in Samlaya (Tal. Savli, Dist.Vadodara) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002509 for the Samlaya 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 Samlaya, Samlaya (Tal. Savli, Dist.Vadodara), Gujarat, are given a unique IFSC like BKID0002509 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Samlaya (Tal. Savli, Dist.Vadodara).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Samlaya (Tal. Savli, Dist.Vadodara) and Samlaya Tal Savli Distvadodara.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Samlaya goes to the correct branch. This is important because Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0002509

The format of the IFSC Code for banks, including Bank Of India, has 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 Samlaya in Samlaya (Tal. Savli, Dist.Vadodara).

For example, the IFSC Code BKID0002509 of Bank Of India for the Samlaya branch includes these elements, identifying the bank and the branch location in Samlaya (Tal. Savli, Dist.Vadodara) and Gujarat correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0002509 of Bank Of India for its Samlaya branch located in Samlaya (Tal. Savli, Dist.Vadodara), 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 Samlaya (Tal. Savli, Dist.Vadodara) and Samlaya Tal Savli Distvadodara, 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 Samlaya or Samlaya (Tal. Savli, Dist.Vadodara) to find the exact IFSC Code BKID0002509.

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 Samlaya (Tal. Savli, Dist.Vadodara) will provide accurate information.

How to Use IFSC Code BKID0002509 for Online Transfers?

Once you have the IFSC Code BKID0002509 for the Samlaya branch of Bank Of India in Samlaya (Tal. Savli, Dist.Vadodara), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0002509. 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 BKID0002509.

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 Samlaya in Samlaya (Tal. Savli, Dist.Vadodara), it can 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 Samlaya, 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 Samlaya (Tal. Savli, Dist.Vadodara) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Samlaya Samlaya (Tal. Savli, Dist.Vadodara)?

The IFSC Code of the Samlaya Samlaya (Tal. Savli, Dist.Vadodara) branch is BKID0002509.

Is IFSC Code BKID0002509 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of India Samlaya branch?

The branch is located at At Post Samlayataluka Savli Dist Vadodara.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.