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 Lalganj branch in Vaishali, Vaishali, Bihar, 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 Vaishali or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code BKID0004567. 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, Lalganj, Vaishali
The table below shows the main details of the IFSC Code BKID0004567 for the Bank Of India branch in Vaishali, which falls under the Vaishali district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0004567 |
| Branch | Lalganj |
| City | Vaishali |
| District | Vaishali |
| State | Bihar |
| Address | Main Rd Mahanth Mktlalganj District Vaishaili |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Vaishali for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0004567 for the Lalganj 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, along with Bank Of India located in Lalganj, Vaishali, Bihar, are allotted a unique IFSC like BKID0004567 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Vaishali.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Vaishali and Vaishali.
- 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 Lalganj reaches the right place, even though there are thousands of branches in Bihar and across India.
Format of the IFSC Code BKID0004567
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 Lalganj in Vaishali.
For example, the IFSC Code BKID0004567 of Bank Of India for the Lalganj branch includes these elements, identifying the bank and the branch location in Vaishali and Bihar accurately.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0004567 of Bank Of India for its Lalganj branch located in Vaishali, 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 Vaishali and Vaishali, 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 Lalganj or Vaishali to find the exact IFSC Code BKID0004567.
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 Vaishali will provide accurate information.
How to Use IFSC Code BKID0004567 for Online Transfers?
Once you have the IFSC Code BKID0004567 for the Lalganj branch of Bank Of India in Vaishali, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0004567. 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 BKID0004567.
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 Lalganj in Vaishali 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 Lalganj, 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 Vaishali to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Lalganj Vaishali branch is BKID0004567.
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 Main Rd Mahanth Mktlalganj District Vaishaili.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.