IFSC Code of Bank Of India, Vesu, Surat, Gujarat — BKID0002765

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 Vesu branch in Surat, Surat, or Gujarat, 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 Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002765. 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, Vesu, Surat

The table below shows the main details of the IFSC Code BKID0002765 for the Bank Of India branch in Surat, which falls under the Surat district in Gujarat.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Surat for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002765 for the Vesu branch of Bank Of India has an 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, including Bank Of India located in Vesu, Surat, Gujarat, is provided with a unique IFSC like BKID0002765 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Surat.
• 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 Surat and Surat.
• 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Vesu do not get mixed with another location.

Format of the IFSC Code BKID0002765

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 Vesu in Surat.

For example, the IFSC Code BKID0002765 of Bank Of India for the Vesu branch has these elements, identifying the bank and the branch location in Surat and Gujarat correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0002765 of Bank Of India for its Vesu branch located in Surat, 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 Surat and Surat, 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 Vesu or Surat to find the exact IFSC Code BKID0002765.

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 Surat will provide accurate information.

How to Use IFSC Code BKID0002765 for Online Transfers?

Once you have the IFSC Code BKID0002765 for the Vesu branch of Bank Of India in Surat, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0002765. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Bank Of India IFSC Code BKID0002765.

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 Vesu in Surat, 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 Vesu, 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 Surat manage online transfers as well as cheque clearances with ease.