Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of India for its Sirali branch in Sirali (Mp), Sirali Mp, Madhya Pradesh, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bank Of India located in Sirali (Mp) or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0009542. You should definitely 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, Sirali, Sirali (Mp)
Below in the table are the key details related to IFSC Code BKID0009542 of Bank Of India for its branch located in Sirali (Mp), within the district of Sirali Mp in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0009542 |
| Branch | Sirali |
| City | Sirali (Mp) |
| District | Sirali Mp |
| State | Madhya Pradesh |
| Address | Old Bus Standcharuva Road |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Sirali (Mp) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0009542 for the Sirali 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, along with Bank Of India located in Sirali, Sirali (Mp), Madhya Pradesh, are allotted a unique IFSC like BKID0009542 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sirali (Mp).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Sirali (Mp) and Sirali Mp.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of India in Sirali reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code BKID0009542
The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sirali in Sirali (Mp).
For example, the IFSC Code BKID0009542 of Bank Of India for the Sirali branch includes these elements, identifying the bank and the branch location in Sirali (Mp) and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0009542 of Bank Of India for its Sirali branch located in Sirali (Mp), 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 Sirali (Mp) and Sirali Mp, 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 Sirali or Sirali (Mp) to get the exact IFSC Code BKID0009542.
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 Sirali (Mp), you'll get the correct details.
How to Use IFSC Code BKID0009542 for Online Transfers?
Once you have the IFSC Code BKID0009542 for the Sirali branch of Bank Of India in Sirali (Mp), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0009542. 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 BKID0009542.
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 Sirali in Sirali (Mp), 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 Sirali, 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 Sirali (Mp) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0009542.
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 Old Bus Standcharuva Road located in Sirali (Mp), Sirali Mp, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
