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 Tisk Usgao branch in Tisk Usgao (Distt North Goa), Tisk Usgao Distt North Goa, Goa, 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 Tisk Usgao (Distt North Goa) or anywhere in Goa can transfer funds instantly by using the correct IFSC Code BKID0001037. 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, Tisk Usgao, Tisk Usgao (Distt North Goa)

Below in the table are the key details related to IFSC Code BKID0001037 of Bank Of India for its branch located in Tisk Usgao (Distt North Goa), within the district of Tisk Usgao Distt North Goa in the state of Goa.

Particulars Details
Bank Bank Of India
IFSC Code BKID0001037
Branch Tisk Usgao
City Tisk Usgao (Distt North Goa)
District Tisk Usgao Distt North Goa
State Goa
Address Panduranga Plaza At Tisk Usgaoblock Ponda Distt North Goa

These details help users in online banking and for businesses and individuals who use Bank Of India in Tisk Usgao (Distt North Goa) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001037 for the Tisk Usgao 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 BKID0001037 is given to every bank branch, including Bank Of India located in Tisk Usgao, Tisk Usgao (Distt North Goa), Goa, 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 Tisk Usgao (Distt North Goa).
  • 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 Tisk Usgao (Distt North Goa) and Tisk Usgao Distt North Goa.
  • 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 Goa and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Tisk Usgao doesn't end up at another location.

Format of the IFSC Code BKID0001037

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 Tisk Usgao in Tisk Usgao (Distt North Goa).

For example, the IFSC Code BKID0001037 of Bank Of India for the Tisk Usgao branch includes these elements, identifying the bank and the branch location in Tisk Usgao (Distt North Goa) and Goa accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001037 of Bank Of India for its Tisk Usgao branch located in Tisk Usgao (Distt North Goa), 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 Tisk Usgao (Distt North Goa) and Tisk Usgao Distt North Goa, 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 Tisk Usgao or Tisk Usgao (Distt North Goa) to get the exact IFSC Code BKID0001037.

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 Tisk Usgao (Distt North Goa) that will provide accurate information.

How to Use IFSC Code BKID0001037 for Online Transfers?

Once you have the IFSC Code BKID0001037 for the Tisk Usgao branch of Bank Of India in Tisk Usgao (Distt North Goa), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0001037. 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 BKID0001037.

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 Tisk Usgao in Tisk Usgao (Distt North Goa), 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 Tisk Usgao, 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 Tisk Usgao (Distt North Goa) to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Tisk Usgao, Tisk Usgao (Distt North Goa)?

The IFSC Code is BKID0001037.

Is the IFSC Code BKID0001037 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Tisk Usgao?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Tisk Usgao branch?

The address of the branch is Panduranga Plaza At Tisk Usgaoblock Ponda Distt North Goa located in Tisk Usgao (Distt North Goa), Tisk Usgao Distt North Goa, Goa.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.