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 Satmile branch in Satmile (Block Contai-I,District Midnapore), Satmile Block Contai Idistrict Midnapore, West Bengal, 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 Satmile (Block Contai-I,District Midnapore) or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code BKID0004313. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Satmile, Satmile (Block Contai-I,District Midnapore)

Here are some of the key details that come with the IFSC Code BKID0004313 of Bank Of India for its branch located in Satmile (Block Contai-I,District Midnapore), within the district of Satmile Block Contai Idistrict Midnapore in the state of West Bengal.

Particulars Details
Bank Bank Of India
IFSC Code BKID0004313
Branch Satmile
City Satmile (Block Contai-I,District Midnapore)
District Satmile Block Contai Idistrict Midnapore
State West Bengal
Address P O Satmileblock Contai Idistrict Midnapore

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Satmile (Block Contai-I,District Midnapore) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004313 for the Satmile 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, along with Bank Of India located in Satmile, Satmile (Block Contai-I,District Midnapore), West Bengal, are allotted a unique IFSC like BKID0004313 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Satmile (Block Contai-I,District Midnapore).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Satmile (Block Contai-I,District Midnapore) and Satmile Block Contai Idistrict Midnapore.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of India in Satmile reaches the right place, even though there are thousands of branches in West Bengal and across India.

Format of the IFSC Code BKID0004313

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 Satmile in Satmile (Block Contai-I,District Midnapore).

For example, the IFSC Code BKID0004313 of Bank Of India for the Satmile branch includes these elements, identifying the bank and the branch location in Satmile (Block Contai-I,District Midnapore) and West Bengal accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004313 of Bank Of India for its Satmile branch located in Satmile (Block Contai-I,District Midnapore), the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Satmile (Block Contai-I,District Midnapore) and Satmile Block Contai Idistrict Midnapore, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Satmile or Satmile (Block Contai-I,District Midnapore) to get the exact IFSC Code BKID0004313.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Satmile (Block Contai-I,District Midnapore), you'll get the correct details.

How to Use IFSC Code BKID0004313 for Online Transfers?

Once you have the IFSC Code BKID0004313 for the Satmile branch of Bank Of India in Satmile (Block Contai-I,District Midnapore), you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0004313. 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 BKID0004313.

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 Satmile in Satmile (Block Contai-I,District Midnapore) may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of India in Satmile, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Satmile (Block Contai-I,District Midnapore) manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India Satmile Satmile (Block Contai-I,District Midnapore)?

The IFSC Code of the Satmile Satmile (Block Contai-I,District Midnapore) branch is BKID0004313.

Is IFSC Code BKID0004313 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 Satmile branch?

The branch is located at P O Satmileblock Contai Idistrict Midnapore.

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.