The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Udaypur Dist Keonjhar branch in Udaypur (Dist. Keonjhar), Udaypur Dist Keonjhar, Odisha, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of India located in Udaypur (Dist. Keonjhar) or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BKID0005415. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Udaypur Dist Keonjhar, Udaypur (Dist. Keonjhar)
Below in the table are the key details related to IFSC Code BKID0005415 of Bank Of India for its branch located in Udaypur (Dist. Keonjhar), within the district of Udaypur Dist Keonjhar in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0005415 |
| Branch | Udaypur Dist Keonjhar |
| City | Udaypur (Dist. Keonjhar) |
| District | Udaypur Dist Keonjhar |
| State | Odisha |
| Address | At Post Udaypurdistrict Keonjhar |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of India in Udaypur (Dist. Keonjhar) for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005415 for the Udaypur Dist Keonjhar 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0005415 is given to every bank branch, including Bank Of India located in Udaypur Dist Keonjhar, Udaypur (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 Udaypur (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 Udaypur (Dist. Keonjhar) and Udaypur 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 Udaypur Dist Keonjhar doesn't end up at another location.
Format of the IFSC Code BKID0005415
The format of the IFSC Code for banks, including Bank Of India, has 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 Udaypur Dist Keonjhar in Udaypur (Dist. Keonjhar).
For example, the IFSC Code BKID0005415 of Bank Of India for the Udaypur Dist Keonjhar branch includes these elements, identifying the bank and the branch location in Udaypur (Dist. Keonjhar) and Odisha correctly.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0005415 of Bank Of India for its Udaypur Dist Keonjhar branch located in Udaypur (Dist. Keonjhar), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Udaypur (Dist. Keonjhar) and Udaypur Dist Keonjhar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Udaypur Dist Keonjhar or Udaypur (Dist. Keonjhar) to get the exact IFSC Code BKID0005415.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Udaypur (Dist. Keonjhar), then it will provide you proper information.
How to Use IFSC Code BKID0005415 for Online Transfers?
Once you have the IFSC Code BKID0005415 for the Udaypur Dist Keonjhar branch of Bank Of India in Udaypur (Dist. Keonjhar), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0005415. 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 BKID0005415.
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 Udaypur Dist Keonjhar in Udaypur (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 Udaypur Dist Keonjhar, 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 Udaypur (Dist. Keonjhar) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0005415.
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 At Post Udaypurdistrict Keonjhar located in Udaypur (Dist. Keonjhar), Udaypur Dist Keonjhar, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.