IFSC Code of Bank Of India, Tangi, Tangi Distt Cuttack, Odisha- BKID0005116

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 Tangi branch in Tangi (Distt Cuttack), Tangi Distt Cuttack, Odisha, 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 Tangi (Distt Cuttack) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005116. 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, Tangi, Tangi (Distt Cuttack)

Here are the main details that are associated with the IFSC Code BKID0005116 of Bank Of India for its branch located in Tangi (Distt Cuttack), within the district of Tangi Distt Cuttack in the state of Odisha.

These details help users in online banking and for businesses and individuals who use Bank Of India in Tangi (Distt Cuttack) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005116 for the Tangi 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0005116 is given to every bank branch, including Bank Of India located in Tangi, Tangi (Distt Cuttack), Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Tangi (Distt Cuttack).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Tangi (Distt Cuttack) and Tangi Distt Cuttack.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Tangi doesn't end up at another location.

Format of the IFSC Code BKID0005116

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 Tangi in Tangi (Distt Cuttack).

For example, the IFSC Code BKID0005116 of Bank Of India for the Tangi branch includes these elements, identifying the bank and the branch location in Tangi (Distt Cuttack) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005116 of Bank Of India for its Tangi branch located in Tangi (Distt Cuttack), the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of India branches in Tangi (Distt Cuttack) and Tangi Distt Cuttack, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of India and find the branch locator section. Search for Tangi or Tangi (Distt Cuttack) to get the exact IFSC Code BKID0005116.

Mobile Banking App

If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Tangi (Distt Cuttack) that will provide accurate information.

How to Use IFSC Code BKID0005116 for Online Transfers?

Once you have the IFSC Code BKID0005116 for the Tangi branch of Bank Of India in Tangi (Distt Cuttack), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005116. 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 BKID0005116.

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 Tangi in Tangi (Distt Cuttack), 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 Tangi, 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 Tangi (Distt Cuttack) manage online transfers as well as cheque clearances with ease.