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 Sringeri branch in Sringeri, Sringeri, Karnataka, 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 Sringeri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code BKID0008445. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Sringeri, Sringeri
The table below shows the main details of the IFSC Code BKID0008445 for the Bank Of India branch in Sringeri, which falls under the Sringeri district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008445 |
| Branch | Sringeri |
| City | Sringeri |
| District | Sringeri |
| State | Karnataka |
| Address | Bharati Street Opposite Sharada Nagarsringeri Dist Chickmagalur |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Sringeri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0008445 for the Sringeri branch of Bank Of India plays a vital 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 BKID0008445 is given to every bank branch, including Bank Of India located in Sringeri, Sringeri, Karnataka, 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 Sringeri.
- 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 Sringeri and Sringeri.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Sringeri doesn't end up at another location.
Format of the IFSC Code BKID0008445
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 Sringeri in Sringeri.
For example, the IFSC Code BKID0008445 of Bank Of India for the Sringeri branch has these elements, identifying the bank and the branch location in Sringeri and Karnataka correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008445 of Bank Of India for its Sringeri branch located in Sringeri, 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 Sringeri and Sringeri, 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 Sringeri or Sringeri to get the exact IFSC Code BKID0008445.
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 Sringeri, you'll get the correct details.
How to Use IFSC Code BKID0008445 for Online Transfers?
Once you have the IFSC Code BKID0008445 for the Sringeri branch of Bank Of India in Sringeri, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008445. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0008445.
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 Sringeri in Sringeri, your payment can get delayed or might not go through at all.
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 Sringeri, 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 Sringeri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008445.
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 Bharati Street Opposite Sharada Nagarsringeri Dist Chickmagalur located in Sringeri, Sringeri, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
