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 Vidyutnagar branch in Vadodra, Vadodra, Gujarat, 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 Vadodra or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0002506. 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, Vidyutnagar, Vadodra
The table below shows the main details of the IFSC Code BKID0002506 for the Bank Of India branch in Vadodra, which falls under the Vadodra district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0002506 |
| Branch | Vidyutnagar |
| City | Vadodra |
| District | Vadodra |
| State | Gujarat |
| Address | Old Padra Roadvadodara |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Vadodra for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0002506 for the Vidyutnagar 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Vidyutnagar, Vadodra, Gujarat, is provided with a unique IFSC like BKID0002506 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Vadodra.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Vadodra and Vadodra.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Vidyutnagar do not get mixed with another location.
Format of the IFSC Code BKID0002506
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 Vidyutnagar in Vadodra.
For example, the IFSC Code BKID0002506 of Bank Of India for the Vidyutnagar 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 trying to find the IFSC Code BKID0002506 of Bank Of India for its Vidyutnagar 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 Vidyutnagar or Vadodra to get the exact IFSC Code BKID0002506.
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 BKID0002506 for Online Transfers?
Once you have the IFSC Code BKID0002506 for the Vidyutnagar 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 BKID0002506. 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 BKID0002506.
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 Vidyutnagar 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 Vidyutnagar, 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 is BKID0002506.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Old Padra Roadvadodara located in Vadodra, Vadodra, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.