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 Srungavarapukota branch in Srungavarapukota (Ap), Srungavarapukota Ap, Andhra 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 Srungavarapukota (Ap) or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code BKID0005656. 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, Srungavarapukota, Srungavarapukota (Ap)

Below in the table are the key details related to IFSC Code BKID0005656 of Bank Of India for its branch located in Srungavarapukota (Ap), within the district of Srungavarapukota Ap in the state of Andhra Pradesh.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005656
Branch Srungavarapukota
City Srungavarapukota (Ap)
District Srungavarapukota Ap
State Andhra Pradesh
Address 1St Floor Sri Lakshmi Plaza Visakha Arakumain Road Beside Durga Temple

These details help users in online banking and for businesses and individuals who use Bank Of India in Srungavarapukota (Ap) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005656 for the Srungavarapukota 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Srungavarapukota, Srungavarapukota (Ap), Andhra Pradesh, are given a unique IFSC like BKID0005656 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Srungavarapukota (Ap).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Srungavarapukota (Ap) and Srungavarapukota Ap.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Srungavarapukota goes to the correct branch. This is important because Bank Of India has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0005656

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 Srungavarapukota in Srungavarapukota (Ap).

For example, the IFSC Code BKID0005656 of Bank Of India for the Srungavarapukota branch includes these elements, identifying the bank and the branch location in Srungavarapukota (Ap) and Andhra Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005656 of Bank Of India for its Srungavarapukota branch located in Srungavarapukota (Ap), 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 Srungavarapukota (Ap) and Srungavarapukota Ap, 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 Srungavarapukota or Srungavarapukota (Ap) to find the exact IFSC Code BKID0005656.

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 Srungavarapukota (Ap) will provide accurate information.

How to Use IFSC Code BKID0005656 for Online Transfers?

Once you have the IFSC Code BKID0005656 for the Srungavarapukota branch of Bank Of India in Srungavarapukota (Ap), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005656. 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 BKID0005656.

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 Srungavarapukota in Srungavarapukota (Ap), 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 Srungavarapukota, 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 Srungavarapukota (Ap) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Srungavarapukota, Srungavarapukota (Ap)?

The IFSC Code is BKID0005656.

Is the IFSC Code BKID0005656 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Srungavarapukota?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Srungavarapukota branch?

The address of the branch is 1St Floor Sri Lakshmi Plaza Visakha Arakumain Road Beside Durga Temple located in Srungavarapukota (Ap), Srungavarapukota Ap, Andhra Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.