IFSC Code of Bank Of India, Kharsodkhurd, Ujjain, Madhya Pradesh — BKID0MG0406

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 Kharsodkhurd branch in Ujjain, Ujjain, Madhya Pradesh, 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 Ujjain or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code BKID0MG0406. 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, Kharsodkhurd, Ujjain

The table below shows the main details of the IFSC Code BKID0MG0406 for the Bank Of India branch in Ujjain, which falls under the Ujjain district in Madhya Pradesh.

These details helps users in online banking and for businesses and individuals who use Bank Of India in Ujjain for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG0406 for the Kharsodkhurd branch of Bank Of India plays a vital 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 Kharsodkhurd, Ujjain, Madhya Pradesh, is provided a unique IFSC like BKID0MG0406 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Ujjain.
• 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 Ujjain and Ujjain.
• 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Kharsodkhurd do not get misguided to another person.

Format of the IFSC Code BKID0MG0406

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 Kharsodkhurd in Ujjain.

For example, the IFSC Code BKID0MG0406 of Bank Of India for the Kharsodkhurd branch includes these elements, identifying the bank and the branch location in Ujjain and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0MG0406 of Bank Of India for its Kharsodkhurd branch located in Ujjain, 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 Ujjain and Ujjain, 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 Kharsodkhurd or Ujjain to get the exact IFSC Code BKID0MG0406.

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 Ujjain, then it will provide you proper information.

How to Use IFSC Code BKID0MG0406 for Online Transfers?

Once you have the IFSC Code BKID0MG0406 for the Kharsodkhurd branch of Bank Of India in Ujjain, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0MG0406. Transfers are processed in batches. This is suitable for 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 BKID0MG0406.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Kharsodkhurd in Ujjain may result in delayed or failed transactions.

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 Kharsodkhurd, 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 Ujjain manage online transfers as well as cheque clearances with ease.