IFSC Code of Bank Of India, Samudrapur, Samudrapur Distt Wardha, Maharashtra — BKID0009724

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 Samudrapur branch in Samudrapur (Distt Wardha), Samudrapur Distt Wardha, 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 Samudrapur (Distt Wardha) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0009724. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Samudrapur, Samudrapur (Distt Wardha)

Below in the table are the key details related to IFSC Code BKID0009724 of Bank Of India for its branch located in Samudrapur (Distt Wardha), within the district of Samudrapur Distt Wardha in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Samudrapur (Distt Wardha) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009724 for the Samudrapur 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like BKID0009724 is given to every bank branch, including Bank Of India located in Samudrapur, Samudrapur (Distt Wardha), Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Samudrapur (Distt Wardha).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Samudrapur (Distt Wardha) and Samudrapur Distt Wardha.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Samudrapur doesn't end up at another location.

Format of the IFSC Code BKID0009724

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 Samudrapur in Samudrapur (Distt Wardha).

For example, the IFSC Code BKID0009724 of Bank Of India for the Samudrapur branch includes these elements, identifying the bank and the branch location in Samudrapur (Distt Wardha) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0009724 of Bank Of India for its Samudrapur branch located in Samudrapur (Distt Wardha), 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 Samudrapur (Distt Wardha) and Samudrapur Distt Wardha, 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 Samudrapur or Samudrapur (Distt Wardha) to get the exact IFSC Code BKID0009724.

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 Samudrapur (Distt Wardha), then it will provide you proper information.

How to Use IFSC Code BKID0009724 for Online Transfers?

If you have the IFSC Code BKID0009724 for the Samudrapur branch of Bank Of India in Samudrapur (Distt Wardha), you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0009724. 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 BKID0009724.

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 Samudrapur in Samudrapur (Distt Wardha), 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 Samudrapur, 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 Samudrapur (Distt Wardha) manage online transfers as well as cheque clearances with ease.