IFSC Code of Bank Of India, Shalgaon, Shalgaon Dist Sangli, Maharashtra — BKID0001606

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 Shalgaon branch in Shalgaon (Dist Sangli), Shalgaon Dist Sangli, 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 Shalgaon (Dist Sangli) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0001606. 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, Shalgaon, Shalgaon (Dist Sangli)

Below in the table are the key details related to IFSC Code BKID0001606 of Bank Of India for its branch located in Shalgaon (Dist Sangli), within the district of Shalgaon Dist Sangli in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Shalgaon (Dist Sangli) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001606 for the Shalgaon 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Shalgaon, Shalgaon (Dist Sangli), Maharashtra, are given a unique IFSC like BKID0001606 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Shalgaon (Dist Sangli).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Shalgaon (Dist Sangli) and Shalgaon Dist Sangli.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Shalgaon goes to the correct branch. This is important because Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0001606

The format of the IFSC Code for banks, including Bank Of India, has 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 Shalgaon in Shalgaon (Dist Sangli).

For example, the IFSC Code BKID0001606 of Bank Of India for the Shalgaon branch includes these elements, identifying the bank and the branch location in Shalgaon (Dist Sangli) and Maharashtra correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0001606 of Bank Of India for its Shalgaon branch located in Shalgaon (Dist Sangli), the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including Bank Of India branches in Shalgaon (Dist Sangli) and Shalgaon Dist Sangli, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Shalgaon or Shalgaon (Dist Sangli) to find the exact IFSC Code BKID0001606.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Shalgaon (Dist Sangli) will provide accurate information.

How to Use IFSC Code BKID0001606 for Online Transfers?

Once you have the IFSC Code BKID0001606 for the Shalgaon branch of Bank Of India in Shalgaon (Dist Sangli), you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0001606. 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 BKID0001606.

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 Shalgaon in Shalgaon (Dist Sangli), 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 Shalgaon, 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 Shalgaon (Dist Sangli) manage online transfers as well as cheque clearances with ease.