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 Ringus branch in Sikar, Sikar, Rajasthan, 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 Sikar or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code BKID0007473. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Ringus, Sikar
The table below shows the main details of the IFSC Code BKID0007473 for the Bank Of India branch in Sikar, which falls under the Sikar district in Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0007473 |
| Branch | Ringus |
| City | Sikar |
| District | Sikar |
| State | Rajasthan |
| Address | Opposite Dhayal Hospital Near Union Bank Of Ringas Tehsil Sri Madhopur |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Sikar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0007473 for the Ringus branch of Bank Of India is vital.
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 Ringus, Sikar, Rajasthan, is provided with a unique IFSC like BKID0007473 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Sikar.
- 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 Sikar and Sikar.
- 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 Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Ringus do not get mixed with another location.
Format of the IFSC Code BKID0007473
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 Ringus in Sikar.
For example, the IFSC Code BKID0007473 of Bank Of India for the Ringus branch has these elements, identifying the bank and the branch location in Sikar and Rajasthan correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0007473 of Bank Of India for its Ringus branch located in Sikar, 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
You can easily find the IFSC and MICR codes because most banks, including Bank Of India branches in Sikar and Sikar, print them 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 Ringus or Sikar to get the exact IFSC Code BKID0007473.
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 Sikar, you'll get the correct details.
How to Use IFSC Code BKID0007473 for Online Transfers?
Once you have the IFSC Code BKID0007473 for the Ringus branch of Bank Of India in Sikar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0007473. 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 BKID0007473.
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 Ringus in Sikar 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 Ringus, 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 Sikar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0007473.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Opposite Dhayal Hospital Near Union Bank Of Ringas Tehsil Sri Madhopur located in Sikar, Sikar, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.