IFSC Code of Bank Of India, Anaiyur, Sivakasi, Tamil Nadu — BKID0008242

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its Anaiyur branch in Sivakasi, Sivakasi, or Tamil Nadu, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Sivakasi or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008242. 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, Anaiyur, Sivakasi

Below in the table are the key details related to IFSC Code BKID0008242 of Bank Of India for its branch located in Sivakasi, within the district of Sivakasi in the state of Tamil Nadu.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Sivakasi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008242 for the Anaiyur 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0008242 is given to every bank branch, including Bank Of India located in Anaiyur, Sivakasi, 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 Sivakasi.
• 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 Sivakasi and Sivakasi.
• 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 Anaiyur doesn't end up at another location.

Format of the IFSC Code BKID0008242

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 Anaiyur in Sivakasi.

For example, the IFSC Code BKID0008242 of Bank Of India for the Anaiyur branch has these elements, identifying the bank and the branch location in Sivakasi and Tamil Nadu correctly.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0008242 of Bank Of India for its Anaiyur branch located in Sivakasi, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Bank Of India branches in Sivakasi and Sivakasi, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of India and look for the branch locator section, then search for Anaiyur or Sivakasi to get the exact IFSC Code BKID0008242.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Sivakasi, then it will provide you proper information.

How to Use IFSC Code BKID0008242 for Online Transfers?

If you have the IFSC Code BKID0008242 for the Anaiyur branch of Bank Of India in Sivakasi, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008242. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0008242.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Anaiyur in Sivakasi, it 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 Anaiyur, 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 Sivakasi manage their online transfers and cheque clearances easily.