IFSC Code of Bank Of India, Sangameshwar, Sangameshwar, Maharashtra — BKID0001414

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 Sangameshwar branch in Sangameshwar, Sangameshwar, 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 Sangameshwar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001414. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Sangameshwar, Sangameshwar

Here are the key points that are associated with the IFSC Code BKID0001414 of Bank Of India for its branch located in Sangameshwar, within the district of Sangameshwar 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 Sangameshwar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001414 for the Sangameshwar 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Sangameshwar, Sangameshwar, Maharashtra, is provided with a unique IFSC like BKID0001414 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Sangameshwar.
• 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 Sangameshwar and Sangameshwar.
• 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Sangameshwar do not get mixed with another location.

Format of the IFSC Code BKID0001414

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 Sangameshwar in Sangameshwar.

For example, the IFSC Code BKID0001414 of Bank Of India for the Sangameshwar branch includes these elements, identifying the bank and the branch location in Sangameshwar and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0001414 of Bank Of India for its Sangameshwar branch located in Sangameshwar, 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 Sangameshwar and Sangameshwar, 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 Sangameshwar or Sangameshwar to find the exact IFSC Code BKID0001414.

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 Sangameshwar will provide accurate information.

How to Use IFSC Code BKID0001414 for Online Transfers?

Once you have the IFSC Code BKID0001414 for the Sangameshwar branch of Bank Of India in Sangameshwar, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001414. 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 BKID0001414.

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 Sangameshwar in Sangameshwar, 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 Sangameshwar, 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 Sangameshwar manage online transfers as well as cheque clearances with ease.