IFSC Code of Bank Of India, Motinagar, Shillong, Meghalaya — BKID0004060

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 Motinagar branch in Shillong, Shillong, Meghalaya, 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 Shillong or anywhere in Meghalaya can transfer funds instantly by using the correct IFSC Code BKID0004060. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Motinagar, Shillong

Here are some of the key details that come with the IFSC Code BKID0004060 of Bank Of India for its branch located in Shillong, within the district of Shillong in the state of Meghalaya.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Shillong for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004060 for the Motinagar branch of Bank Of India plays 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 Motinagar, Shillong, Meghalaya, is provided with a unique IFSC like BKID0004060 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 Motinagar do not get mixed with another location.

Format of the IFSC Code BKID0004060

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Motinagar in Shillong.

For example, the IFSC Code BKID0004060 of Bank Of India for the Motinagar branch has these elements, identifying the bank and the branch location in Shillong and Meghalaya correctly.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0004060 of Bank Of India for its Motinagar branch located in Shillong, 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 Shillong and Shillong, 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 Motinagar or Shillong to get the exact IFSC Code BKID0004060.

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 Shillong that will provide accurate information.

How to Use IFSC Code BKID0004060 for Online Transfers?

Once you have the IFSC Code BKID0004060 for the Motinagar 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 BKID0004060. 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 BKID0004060.

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 Motinagar 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 Motinagar, 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.