IFSC Code of Bank Of India, Turumunga, Turumunga Dist Keonjhar, Odisha — BKID0005416

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 Turumunga branch in Turumunga (Dist. Keonjhar), Turumunga Dist Keonjhar, Odisha, 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 Turumunga (Dist. Keonjhar) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005416. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Turumunga, Turumunga (Dist. Keonjhar)

Below in the table are the key details related to IFSC Code BKID0005416 of Bank Of India for its branch located in Turumunga (Dist. Keonjhar), within the district of Turumunga Dist Keonjhar in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Turumunga (Dist. Keonjhar) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0005416 for the Turumunga 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0005416 is given to every bank branch, including Bank Of India located in Turumunga, Turumunga (Dist. Keonjhar), 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 Turumunga (Dist. Keonjhar).
• 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 Turumunga (Dist. Keonjhar) and Turumunga Dist Keonjhar.
• 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 Turumunga doesn't end up at another location.

Format of the IFSC Code BKID0005416

This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Turumunga in Turumunga (Dist. Keonjhar).

For example, the IFSC Code BKID0005416 of Bank Of India for the Turumunga branch includes these elements, identifying the bank and the branch location in Turumunga (Dist. Keonjhar) and Odisha accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005416 of Bank Of India for its Turumunga branch located in Turumunga (Dist. Keonjhar), 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

Most banks, including Bank Of India branches in Turumunga (Dist. Keonjhar) and Turumunga Dist Keonjhar, print the IFSC and MICR codes 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 Turumunga or Turumunga (Dist. Keonjhar) to get the exact IFSC Code BKID0005416.

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 Turumunga (Dist. Keonjhar), you'll get the correct details.

How to Use IFSC Code BKID0005416 for Online Transfers?

Once you have the IFSC Code BKID0005416 for the Turumunga branch of Bank Of India in Turumunga (Dist. Keonjhar), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0005416. 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 BKID0005416.

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 Turumunga in Turumunga (Dist. Keonjhar), 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 Turumunga, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Turumunga (Dist. Keonjhar) manage online transfers as well as cheque clearances with ease.