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 Turigadia branch in Turigadia (District Balasore), Turigadia District Balasore, 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 Turigadia (District Balasore) or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code BKID0005353. 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, Turigadia, Turigadia (District Balasore)

The table below shows the main details of the IFSC Code BKID0005353 for the Bank Of India branch in Turigadia (District Balasore), which falls under the Turigadia District Balasore district in Odisha.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005353
Branch Turigadia
City Turigadia (District Balasore)
District Turigadia District Balasore
State Odisha
Address At Post Turigadiadistrict Balasore

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Turigadia (District Balasore) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005353 for the Turigadia branch of Bank Of India is vital.

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 Turigadia, Turigadia (District Balasore), Odisha, are allotted a unique IFSC like BKID0005353 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Turigadia (District Balasore).
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Turigadia (District Balasore) and Turigadia District Balasore.
  • 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 Turigadia reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code BKID0005353

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 Turigadia in Turigadia (District Balasore).

For example, the IFSC Code BKID0005353 of Bank Of India for the Turigadia branch includes these elements, identifying the bank and the branch location in Turigadia (District Balasore) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005353 of Bank Of India for its Turigadia branch located in Turigadia (District Balasore), 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 Turigadia (District Balasore) and Turigadia District Balasore, 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 Turigadia or Turigadia (District Balasore) to find the exact IFSC Code BKID0005353.

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 Turigadia (District Balasore) will provide accurate information.

How to Use IFSC Code BKID0005353 for Online Transfers?

Once you have the IFSC Code BKID0005353 for the Turigadia branch of Bank Of India in Turigadia (District Balasore), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005353. 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 BKID0005353.

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 Turigadia in Turigadia (District Balasore), 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 Turigadia, 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 Turigadia (District Balasore) manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Turigadia, Turigadia (District Balasore)?

The IFSC Code is BKID0005353.

Is the IFSC Code BKID0005353 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Turigadia branch?

The address of the branch is At Post Turigadiadistrict Balasore located in Turigadia (District Balasore), Turigadia District Balasore, Odisha.

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.