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 Ellora Park C And P Banking branch in Vadodra, Vadodra, Gujarat, 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 Vadodra or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002508. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of India, Ellora Park C And P Banking, Vadodra
The table below shows the main details of the IFSC Code BKID0002508 for the Bank Of India branch in Vadodra, which falls under the Vadodra district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002508 |
| Branch | Ellora Park C And P Banking |
| City | Vadodra |
| District | Vadodra |
| State | Gujarat |
| Address | Bank Of India Buildingellora Parksubhanpura |
These details help users in online banking and for businesses and individuals who use Bank Of India in Vadodra for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002508 for the Ellora Park C And P Banking branch of Bank Of India has a very 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 Ellora Park C And P Banking, Vadodra, Gujarat, is provided a unique IFSC like BKID0002508 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Vadodra.
- 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 Vadodra and Vadodra.
- 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 Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Ellora Park C And P Banking do not get misguided to another person.
Format of the IFSC Code BKID0002508
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 Ellora Park C And P Banking in Vadodra.
For example, the IFSC Code BKID0002508 of Bank Of India for the Ellora Park C And P Banking branch has these elements, identifying the bank and the branch location in Vadodra and Gujarat correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0002508 of Bank Of India for its Ellora Park C And P Banking branch located in Vadodra, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of India branches in Vadodra and Vadodra, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of India and find the branch locator section. Search for Ellora Park C And P Banking or Vadodra to get the exact IFSC Code BKID0002508.
Mobile Banking App
If you use Bank Of India's mobile app, you can easily 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 to help you in searching for Bank Of India and Vadodra that will provide accurate information.
How to Use IFSC Code BKID0002508 for Online Transfers?
Once you have the IFSC Code BKID0002508 for the Ellora Park C And P Banking branch of Bank Of India in Vadodra, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0002508. 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 BKID0002508.
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 Ellora Park C And P Banking in Vadodra may 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 Ellora Park C And P Banking, 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 Vadodra to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ellora Park C And P Banking Vadodra branch is BKID0002508.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Bank Of India Buildingellora Parksubhanpura.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.