IFSC Code of Bank Of India, Chilhari, Umaria, Madhya Pradesh- BKID0MG1533

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Chilhari branch in Umaria, Umaria, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Umaria or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0MG1533. You should 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, Chilhari, Umaria

The table below shows the main details of the IFSC Code BKID0MG1533 for the Bank Of India branch in Umaria, which falls under the Umaria district in Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Umaria for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0MG1533 for the Chilhari 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 Chilhari, Umaria, Madhya Pradesh, is provided a unique IFSC like BKID0MG1533 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of India branch in Umaria.
• 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 Umaria and Umaria.
• 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 Chilhari do not get misguided to another person.

Format of the IFSC Code BKID0MG1533

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): These represent the bank code. In Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Chilhari in Umaria.

For example, the IFSC Code BKID0MG1533 of Bank Of India for the Chilhari branch has these elements, identifying the bank and the branch location in Umaria and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0MG1533 of Bank Of India for its Chilhari branch located in Umaria, 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 Umaria and Umaria, 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 Chilhari or Umaria to find the exact IFSC Code BKID0MG1533.

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 Umaria will provide accurate information.

How to Use IFSC Code BKID0MG1533 for Online Transfers?

Once you have the IFSC Code BKID0MG1533 for the Chilhari branch of Bank Of India in Umaria, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0MG1533. 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 BKID0MG1533.

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 Chilhari in Umaria, 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 Chilhari, 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 Umaria to handle online money transfers and get their cheques cleared smoothly.