IFSC Code of Bank Of India, Phatatewadi, Solapur, Maharashtra — BKID0000759

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 Phatatewadi branch in Solapur, Solapur, Maharashtra, 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 Solapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0000759. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Phatatewadi, Solapur

Here are the key points that are associated with the IFSC Code BKID0000759 of Bank Of India for its branch located in Solapur, within the district of Solapur in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Solapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000759 for the Phatatewadi branch of Bank Of India has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Phatatewadi, Solapur, Maharashtra, is provided a unique IFSC like BKID0000759 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Solapur.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Solapur and Solapur.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Phatatewadi do not get misguided to another person.

Format of the IFSC Code BKID0000759

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): 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 Phatatewadi in Solapur.

For example, the IFSC Code BKID0000759 of Bank Of India for the Phatatewadi branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0000759 of Bank Of India for its Phatatewadi branch located in Solapur, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Phatatewadi or Solapur to find the exact IFSC Code BKID0000759.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Solapur will provide accurate information.

How to Use IFSC Code BKID0000759 for Online Transfers?

Once you have the IFSC Code BKID0000759 for the Phatatewadi branch of Bank Of India in Solapur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000759. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0000759.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Phatatewadi in Solapur, it can result in delayed or failed transactions.

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 Phatatewadi, 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 Solapur manage online transfers as well as cheque clearances with ease.