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 Sultana branch in Sultana (Dist.Hazaribagh), Sultana Disthazaribagh, Jharkhand, 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 Sultana (Dist.Hazaribagh) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004847. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Sultana, Sultana (Dist.Hazaribagh)

Below in the table are the key details related to IFSC Code BKID0004847 of Bank Of India for its branch located in Sultana (Dist.Hazaribagh), within the district of Sultana Disthazaribagh in the state of Jharkhand.

Particulars Details
Bank Bank Of India
IFSC Code BKID0004847
Branch Sultana
City Sultana (Dist.Hazaribagh)
District Sultana Disthazaribagh
State Jharkhand
Address Lepo Roadp O Sultana Dist Hazaribagh

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Sultana (Dist.Hazaribagh) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0004847 for the Sultana 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Sultana, Sultana (Dist.Hazaribagh), Jharkhand, is provided with a unique IFSC like BKID0004847 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of India branch in Sultana (Dist.Hazaribagh).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Sultana (Dist.Hazaribagh) and Sultana Disthazaribagh.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Sultana do not get mixed with another location.

Format of the IFSC Code BKID0004847

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 Sultana in Sultana (Dist.Hazaribagh).

For example, the IFSC Code BKID0004847 of Bank Of India for the Sultana branch includes these elements, identifying the bank and the branch location in Sultana (Dist.Hazaribagh) and Jharkhand accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0004847 of Bank Of India for its Sultana branch located in Sultana (Dist.Hazaribagh), 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 Sultana (Dist.Hazaribagh) and Sultana Disthazaribagh, 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 Sultana or Sultana (Dist.Hazaribagh) to get the exact IFSC Code BKID0004847.

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 Sultana (Dist.Hazaribagh), then it will provide you proper information.

How to Use IFSC Code BKID0004847 for Online Transfers?

Once you have the IFSC Code BKID0004847 for the Sultana branch of Bank Of India in Sultana (Dist.Hazaribagh), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0004847. 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 BKID0004847.

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 Sultana in Sultana (Dist.Hazaribagh), 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 Sultana, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Sultana (Dist.Hazaribagh) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Sultana, Sultana (Dist.Hazaribagh)?

The IFSC Code is BKID0004847.

Is the IFSC Code BKID0004847 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 Sultana?

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 Sultana branch?

The address of the branch is Lepo Roadp O Sultana Dist Hazaribagh located in Sultana (Dist.Hazaribagh), Sultana Disthazaribagh, Jharkhand.

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.