IFSC Code of Bank Of India, Savarde Branch, Sawarde Maharashtra, Maharashtra- BKID0001421

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Savarde Branch branch in Sawarde (Maharashtra), Sawarde Maharashtra, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Sawarde (Maharashtra) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001421. You should definitely 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, Savarde Branch, Sawarde (Maharashtra)

Here are some of the key details that come with the IFSC Code BKID0001421 of Bank Of India for its branch located in Sawarde (Maharashtra), within the district of Sawarde Maharashtra 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 Sawarde (Maharashtra) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001421 for the Savarde Branch 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0001421 is given to every bank branch, including Bank Of India located in Savarde Branch, Sawarde (Maharashtra), 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 Sawarde (Maharashtra).
• 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 Sawarde (Maharashtra) and Sawarde Maharashtra.
• 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 Savarde Branch doesn't end up at another location.

Format of the IFSC Code BKID0001421

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 Savarde Branch in Sawarde (Maharashtra).

For example, the IFSC Code BKID0001421 of Bank Of India for the Savarde Branch branch includes these elements, identifying the bank and the branch location in Sawarde (Maharashtra) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001421 of Bank Of India for its Savarde Branch branch located in Sawarde (Maharashtra), 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 Sawarde (Maharashtra) and Sawarde Maharashtra, 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 Savarde Branch or Sawarde (Maharashtra) to get the exact IFSC Code BKID0001421.

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 Sawarde (Maharashtra) that will provide accurate information.

How to Use IFSC Code BKID0001421 for Online Transfers?

Once you have the IFSC Code BKID0001421 for the Savarde Branch branch of Bank Of India in Sawarde (Maharashtra), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001421. 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 BKID0001421.

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 Savarde Branch in Sawarde (Maharashtra), it can result in delayed or failed transactions.

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 Savarde Branch, 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 Sawarde (Maharashtra) manage online transfers as well as cheque clearances with ease.