For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Satgachia branch in Satgachia (Dist. Burdwan), Satgachia Dist Burdwan, West Bengal, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Satgachia (Dist. Burdwan) or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004236. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Satgachia, Satgachia (Dist. Burdwan)

Here are the main details that are associated with the IFSC Code BKID0004236 of Bank Of India for its branch located in Satgachia (Dist. Burdwan), within the district of Satgachia Dist Burdwan in the state of West Bengal.

Particulars Details
Bank Bank Of India
IFSC Code BKID0004236
Branch Satgachia
City Satgachia (Dist. Burdwan)
District Satgachia Dist Burdwan
State West Bengal
Address P O Satgachiadistrict Burdwan

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Satgachia (Dist. Burdwan) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004236 for the Satgachia 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 Satgachia, Satgachia (Dist. Burdwan), West Bengal, is provided with a unique IFSC like BKID0004236 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code BKID0004236

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Satgachia in Satgachia (Dist. Burdwan).

For example, the IFSC Code BKID0004236 of Bank Of India for the Satgachia branch includes these elements, identifying the bank and the branch location in Satgachia (Dist. Burdwan) and West Bengal accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004236 of Bank Of India for its Satgachia branch located in Satgachia (Dist. Burdwan), 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 Satgachia (Dist. Burdwan) and Satgachia Dist Burdwan, 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 Satgachia or Satgachia (Dist. Burdwan) to get the exact IFSC Code BKID0004236.

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 Satgachia (Dist. Burdwan) that will provide accurate information.

How to Use IFSC Code BKID0004236 for Online Transfers?

Once you have the IFSC Code BKID0004236 for the Satgachia branch of Bank Of India in Satgachia (Dist. Burdwan), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004236. 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 BKID0004236.

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 Satgachia in Satgachia (Dist. Burdwan), 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 Satgachia, 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 Satgachia (Dist. Burdwan) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Satgachia Satgachia (Dist. Burdwan)?

The IFSC Code of the Satgachia Satgachia (Dist. Burdwan) branch is BKID0004236.

Is IFSC Code BKID0004236 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 Satgachia branch?

The branch is located at P O Satgachiadistrict Burdwan.

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.