IFSC Code of Bank Of India, Swam Patna, Swam Patna Dist Keonjhar, Odisha — BKID0005409

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Swam Patna branch in Swam Patna (Dist Keonjhar), Swam Patna Dist Keonjhar, Odisha, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Swam Patna (Dist Keonjhar) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005409. You should 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, Swam Patna, Swam Patna (Dist Keonjhar)

Below in the table are the key details related to IFSC Code BKID0005409 of Bank Of India for its branch located in Swam Patna (Dist Keonjhar), within the district of Swam Patna Dist Keonjhar in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Swam Patna (Dist Keonjhar) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005409 for the Swam Patna 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, along with Bank Of India located in Swam Patna, Swam Patna (Dist Keonjhar), Odisha, are allotted a unique IFSC like BKID0005409 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Bank Of India in Swam Patna reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005409

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 Swam Patna in Swam Patna (Dist Keonjhar).

For example, the IFSC Code BKID0005409 of Bank Of India for the Swam Patna branch has these elements, identifying the bank and the branch location in Swam Patna (Dist Keonjhar) and Odisha correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005409 of Bank Of India for its Swam Patna branch located in Swam Patna (Dist Keonjhar), 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 Swam Patna (Dist Keonjhar) and Swam Patna Dist Keonjhar, 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 Swam Patna or Swam Patna (Dist Keonjhar) to find the exact IFSC Code BKID0005409.

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 Swam Patna (Dist Keonjhar) will provide accurate information.

How to Use IFSC Code BKID0005409 for Online Transfers?

Once you have the IFSC Code BKID0005409 for the Swam Patna branch of Bank Of India in Swam Patna (Dist Keonjhar), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005409. 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 BKID0005409.

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 Swam Patna in Swam Patna (Dist Keonjhar), 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 Swam Patna, 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 Swam Patna (Dist Keonjhar) to handle online money transfers and get their cheques cleared smoothly.