IFSC Code of Bank Of India, New Sama Road, Vadodra, Gujarat — BKID0002517

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of India for its New Sama Road branch in Vadodra, Vadodra, or Gujarat, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of India located in Vadodra or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002517. 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, New Sama Road, Vadodra

Here are the main details that are associated with the IFSC Code BKID0002517 of Bank Of India for its branch located in Vadodra, within the district of Vadodra in the state of Gujarat.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Vadodra for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0002517 for the New Sama 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 New Sama Road, Vadodra, Gujarat, are allotted a unique IFSC like BKID0002517 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Bank Of India in New Sama Road reaches the right place, even though there are thousands of branches in Gujarat and across India.

Format of the IFSC Code BKID0002517

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): 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 New Sama Road in Vadodra.

For example, the IFSC Code BKID0002517 of Bank Of India for the New Sama Road branch includes these elements, identifying the bank and the branch location in Vadodra and Gujarat accurately.

How to Find IFSC Code for Bank Of India?

If you are looking for the IFSC Code BKID0002517 of Bank Of India for its New Sama Road branch located in Vadodra, 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 Vadodra and Vadodra, 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 New Sama Road or Vadodra to get the exact IFSC Code BKID0002517.

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 Vadodra, then it will provide you proper information.

How to Use IFSC Code BKID0002517 for Online Transfers?

Once you have the IFSC Code BKID0002517 for the New Sama Road branch of Bank Of India in Vadodra, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0002517. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0002517.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India New Sama Road in Vadodra, it can 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 New Sama Road, 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.