IFSC Code of Bank Of India, Guruwar Peth Satara, Satara, Maharashtra — BKID0001300

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Guruwar Peth Satara branch in Satara, Satara, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Satara or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001300. You should 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, Guruwar Peth Satara, Satara

Here are some of the key details that come with the IFSC Code BKID0001300 of Bank Of India for its branch located in Satara, within the district of Satara in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Satara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001300 for the Guruwar Peth Satara 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0001300 is given to every bank branch, including Bank Of India located in Guruwar Peth Satara, Satara, 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 Satara.
• 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 Satara and Satara.
• 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 Guruwar Peth Satara doesn't end up at another location.

Format of the IFSC Code BKID0001300

The format of the IFSC Code for banks, including Bank Of India, follows 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 Guruwar Peth Satara in Satara.

For example, the IFSC Code BKID0001300 of Bank Of India for the Guruwar Peth Satara branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001300 of Bank Of India for its Guruwar Peth Satara branch located in Satara, 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 Satara and Satara, 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 Guruwar Peth Satara or Satara to get the exact IFSC Code BKID0001300.

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 Satara that will provide accurate information.

How to Use IFSC Code BKID0001300 for Online Transfers?

Once you have the IFSC Code BKID0001300 for the Guruwar Peth Satara branch of Bank Of India in Satara, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001300. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0001300.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Guruwar Peth Satara in Satara may 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 Guruwar Peth Satara, 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 Satara manage online transfers as well as cheque clearances with ease.