IFSC Code of Bank Of India, Satem, Satem Dist Navsari, Gujarat — BKID0002903

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 Satem branch in Satem (Dist. Navsari), Satem Dist Navsari, Gujarat, 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 Satem (Dist. Navsari) or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code BKID0002903. 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, Satem, Satem (Dist. Navsari)

Here are the main details that are associated with the IFSC Code BKID0002903 of Bank Of India for its branch located in Satem (Dist. Navsari), within the district of Satem Dist Navsari in the state of Gujarat.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Satem (Dist. Navsari) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002903 for the Satem 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 Satem, Satem (Dist. Navsari), Gujarat, is provided with a unique IFSC like BKID0002903 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Satem (Dist. Navsari).
• 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 Satem (Dist. Navsari) and Satem Dist Navsari.
• 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Satem do not get mixed with another location.

Format of the IFSC Code BKID0002903

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Satem in Satem (Dist. Navsari).

For example, the IFSC Code BKID0002903 of Bank Of India for the Satem branch has these elements, identifying the bank and the branch location in Satem (Dist. Navsari) and Gujarat correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0002903 of Bank Of India for its Satem branch located in Satem (Dist. Navsari), 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 Satem (Dist. Navsari) and Satem Dist Navsari, 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 Satem or Satem (Dist. Navsari) to get the exact IFSC Code BKID0002903.

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 Satem (Dist. Navsari) that will provide accurate information.

How to Use IFSC Code BKID0002903 for Online Transfers?

Once you have the IFSC Code BKID0002903 for the Satem branch of Bank Of India in Satem (Dist. Navsari), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0002903. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0002903.

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 Satem in Satem (Dist. Navsari), your payment can get delayed or might not go through at all.

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 Satem, 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 Satem (Dist. Navsari) manage online transfers as well as cheque clearances with ease.