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 Theur branch in Theur (Dist Pune), Theur Dist Pune, Maharashtra, 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 Theur (Dist Pune) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0000607. 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, Theur, Theur (Dist Pune)
Here are the key points that are associated with the IFSC Code BKID0000607 of Bank Of India for its branch located in Theur (Dist Pune), within the district of Theur Dist Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0000607 |
| Branch | Theur |
| City | Theur (Dist Pune) |
| District | Theur Dist Pune |
| State | Maharashtra |
| Address | Chintamani Nagaryeshwant Sahakari Sakhar Karkhana |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Theur (Dist Pune) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000607 for the Theur branch of Bank Of India plays 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 Theur, Theur (Dist Pune), Maharashtra, are allotted a unique IFSC like BKID0000607 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Theur (Dist Pune).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Theur (Dist Pune) and Theur Dist Pune.
- 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 Theur reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BKID0000607
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 Theur in Theur (Dist Pune).
For example, the IFSC Code BKID0000607 of Bank Of India for the Theur branch has these elements, identifying the bank and the branch location in Theur (Dist Pune) and Maharashtra correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0000607 of Bank Of India for its Theur branch located in Theur (Dist Pune), 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 Theur (Dist Pune) and Theur Dist Pune, 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 Theur or Theur (Dist Pune) to get the exact IFSC Code BKID0000607.
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 Theur (Dist Pune), you'll get the correct details.
How to Use IFSC Code BKID0000607 for Online Transfers?
Once you have the IFSC Code BKID0000607 for the Theur branch of Bank Of India in Theur (Dist Pune), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0000607. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0000607.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Theur in Theur (Dist Pune), it can 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 Theur, 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 Theur (Dist Pune) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0000607.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Chintamani Nagaryeshwant Sahakari Sakhar Karkhana located in Theur (Dist Pune), Theur Dist Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.