IFSC Code of Bank Of India, Maxi Road, Ujjain, Madhya Pradesh- BKID0009102

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 Maxi Road 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 BKID0009102. 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, Maxi Road, Ujjain

Here are some of the key details that come with the IFSC Code BKID0009102 of Bank Of India for its branch located in Ujjain, within the district of Ujjain in the state of Madhya Pradesh.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Ujjain for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0009102 for the Maxi Road 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 Maxi Road, Ujjain, Madhya Pradesh, are given a unique IFSC like BKID0009102 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Ujjain.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Ujjain and Ujjain.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of India in Maxi Road goes to the correct branch. This is important because Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code BKID0009102

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 Maxi Road in Ujjain.

For example, the IFSC Code BKID0009102 of Bank Of India for the Maxi Road 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 trying to find the IFSC Code BKID0009102 of Bank Of India for its Maxi Road branch located in Ujjain, 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 Ujjain and Ujjain, 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 Maxi Road or Ujjain to get the exact IFSC Code BKID0009102.

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 Ujjain, you'll get the correct details.

How to Use IFSC Code BKID0009102 for Online Transfers?

Once you have the IFSC Code BKID0009102 for the Maxi Road branch of Bank Of India in Ujjain, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0009102. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0009102.

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 Maxi Road in Ujjain, 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 Maxi Road, 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 Ujjain manage online transfers as well as cheque clearances with ease.