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 Tandwa branch in Tandwa (Dist. Chatra), Tandwa Dist Chatra, 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 Tandwa (Dist. Chatra) or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code BKID0004828. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Tandwa, Tandwa (Dist. Chatra)
Here are the main details that are associated with the IFSC Code BKID0004828 of Bank Of India for its branch located in Tandwa (Dist. Chatra), within the district of Tandwa Dist Chatra in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004828 |
| Branch | Tandwa |
| City | Tandwa (Dist. Chatra) |
| District | Tandwa Dist Chatra |
| State | Jharkhand |
| Address | At Post Tandwadistrict Chatra |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Tandwa (Dist. Chatra) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004828 for the Tandwa 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 Tandwa, Tandwa (Dist. Chatra), Jharkhand, are given a unique IFSC like BKID0004828 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Tandwa (Dist. Chatra).
- 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 Tandwa (Dist. Chatra) and Tandwa Dist Chatra.
- 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 Tandwa goes to the correct branch. This is important because Bank Of India has thousands of branches in Jharkhand and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code BKID0004828
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 Tandwa in Tandwa (Dist. Chatra).
For example, the IFSC Code BKID0004828 of Bank Of India for the Tandwa branch has these elements, identifying the bank and the branch location in Tandwa (Dist. Chatra) and Jharkhand correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0004828 of Bank Of India for its Tandwa branch located in Tandwa (Dist. Chatra), 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 Tandwa (Dist. Chatra) and Tandwa Dist Chatra, 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 Tandwa or Tandwa (Dist. Chatra) to get the exact IFSC Code BKID0004828.
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 Tandwa (Dist. Chatra), you'll get the correct details.
How to Use IFSC Code BKID0004828 for Online Transfers?
If you have the IFSC Code BKID0004828 for the Tandwa branch of Bank Of India in Tandwa (Dist. Chatra), you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004828. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Bank Of India IFSC Code BKID0004828.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of India Tandwa in Tandwa (Dist. Chatra), it may result in delayed or failed transactions.
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 Tandwa, 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 Tandwa (Dist. Chatra) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0004828.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is At Post Tandwadistrict Chatra located in Tandwa (Dist. Chatra), Tandwa Dist Chatra, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.