For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Sindupatti branch in Sindupatti (Dist. Madurai), Sindupatti Dist Madurai, Tamil Nadu, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Sindupatti (Dist. Madurai) or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008258. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Sindupatti, Sindupatti (Dist. Madurai)
Here are the key points that are associated with the IFSC Code BKID0008258 of Bank Of India for its branch located in Sindupatti (Dist. Madurai), within the district of Sindupatti Dist Madurai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008258 |
| Branch | Sindupatti |
| City | Sindupatti (Dist. Madurai) |
| District | Sindupatti Dist Madurai |
| State | Tamil Nadu |
| Address | 116 Sannidhi Streettaluk Usilampatti Dist Madurai |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Sindupatti (Dist. Madurai) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008258 for the Sindupatti 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0008258 is given to every bank branch, including Bank Of India located in Sindupatti, Sindupatti (Dist. Madurai), Tamil Nadu, 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 Sindupatti (Dist. Madurai).
- 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 Sindupatti (Dist. Madurai) and Sindupatti Dist Madurai.
- 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 Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Sindupatti doesn't end up at another location.
Format of the IFSC Code BKID0008258
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 Sindupatti in Sindupatti (Dist. Madurai).
For example, the IFSC Code BKID0008258 of Bank Of India for the Sindupatti branch includes these elements, identifying the bank and the branch location in Sindupatti (Dist. Madurai) and Tamil Nadu correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008258 of Bank Of India for its Sindupatti branch located in Sindupatti (Dist. Madurai), 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 Sindupatti (Dist. Madurai) and Sindupatti Dist Madurai, 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 Sindupatti or Sindupatti (Dist. Madurai) to get the exact IFSC Code BKID0008258.
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 Sindupatti (Dist. Madurai) that will provide accurate information.
How to Use IFSC Code BKID0008258 for Online Transfers?
Once you have the IFSC Code BKID0008258 for the Sindupatti branch of Bank Of India in Sindupatti (Dist. Madurai), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0008258. 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 BKID0008258.
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 Sindupatti in Sindupatti (Dist. Madurai) may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Sindupatti, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Sindupatti (Dist. Madurai) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008258.
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 116 Sannidhi Streettaluk Usilampatti Dist Madurai located in Sindupatti (Dist. Madurai), Sindupatti Dist Madurai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.