IFSC Code of Bank Of India, Udala, Udala Dist Mayurbhanj, Odisha- BKID0005477

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 Udala branch in Udala Dist. Mayurbhanj, Udala Dist Mayurbhanj, 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 Udala Dist. Mayurbhanj or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005477. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Udala, Udala Dist. Mayurbhanj

Here are the key points that are associated with the IFSC Code BKID0005477 of Bank Of India for its branch located in Udala Dist. Mayurbhanj, within the district of Udala Dist Mayurbhanj in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Udala Dist. Mayurbhanj for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005477 for the Udala branch of Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Udala, Udala Dist. Mayurbhanj, Odisha, is provided a unique IFSC like BKID0005477 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Udala Dist. Mayurbhanj.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Udala Dist. Mayurbhanj and Udala Dist Mayurbhanj.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Udala do not get misguided to another person.

Format of the IFSC Code BKID0005477

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): Show the bank code. For Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Udala in Udala Dist. Mayurbhanj.

For example, the IFSC Code BKID0005477 of Bank Of India for the Udala branch includes these elements, identifying the bank and the branch location in Udala Dist. Mayurbhanj and Odisha accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0005477 of Bank Of India for its Udala branch located in Udala Dist. Mayurbhanj, 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 Udala Dist. Mayurbhanj and Udala Dist Mayurbhanj, 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 Udala or Udala Dist. Mayurbhanj to find the exact IFSC Code BKID0005477.

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 Udala Dist. Mayurbhanj will provide accurate information.

How to Use IFSC Code BKID0005477 for Online Transfers?

Once you have the IFSC Code BKID0005477 for the Udala branch of Bank Of India in Udala Dist. Mayurbhanj, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005477. 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 BKID0005477.

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 Udala in Udala Dist. Mayurbhanj, 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 Udala, 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 Udala Dist. Mayurbhanj manage online transfers as well as cheque clearances with ease.