IFSC Code of Bank Of India, Mawlai, Shillong, Meghalaya — BKID0005063

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 Mawlai branch in Shillong, Shillong, Meghalaya, 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 Shillong or anywhere in Meghalaya can easily transfer funds instantly by using the correct IFSC Code BKID0005063. 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, Mawlai, Shillong

Here are the main details that are associated with the IFSC Code BKID0005063 of Bank Of India for its branch located in Shillong, within the district of Shillong in the state of Meghalaya.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Shillong for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005063 for the Mawlai 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 Mawlai, Shillong, Meghalaya, is provided with a unique IFSC like BKID0005063 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Shillong.
• 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 Shillong and Shillong.
• 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 Meghalaya and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Mawlai do not get mixed with another location.

Format of the IFSC Code BKID0005063

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 Mawlai in Shillong.

For example, the IFSC Code BKID0005063 of Bank Of India for the Mawlai branch includes these elements, identifying the bank and the branch location in Shillong and Meghalaya accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005063 of Bank Of India for its Mawlai branch located in Shillong, 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 Shillong and Shillong, 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 Mawlai or Shillong to get the exact IFSC Code BKID0005063.

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 Shillong, you'll get the correct details.

How to Use IFSC Code BKID0005063 for Online Transfers?

Once you have the IFSC Code BKID0005063 for the Mawlai branch of Bank Of India in Shillong, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005063. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 BKID0005063.

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 Mawlai in Shillong, 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 Mawlai, 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 Shillong manage online transfers as well as cheque clearances with ease.