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 Valukad branch in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar, 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 Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code BKID0003214. 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, Valukad, Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar
The table below shows the main details of the IFSC Code BKID0003214 for the Bank Of India branch in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, which falls under the Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0003214 |
| Branch | Valukad |
| City | Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar |
| District | Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar |
| State | Gujarat |
| Address | Vai Vartej Post Valukad Jijitaluka Ghogha Distt Bhavnagar |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0003214 for the Valukad 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0003214 is given to every bank branch, including Bank Of India located in Valukad, Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar and Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Valukad doesn't end up at another location.
Format of the IFSC Code BKID0003214
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 Valukad in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar.
For example, the IFSC Code BKID0003214 of Bank Of India for the Valukad branch has these elements, identifying the bank and the branch location in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar and Gujarat correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0003214 of Bank Of India for its Valukad branch located in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, 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 Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar and Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar, 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 Valukad or Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar to get the exact IFSC Code BKID0003214.
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 Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar that will provide accurate information.
How to Use IFSC Code BKID0003214 for Online Transfers?
Once you have the IFSC Code BKID0003214 for the Valukad branch of Bank Of India in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0003214. 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 BKID0003214.
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 Valukad in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar 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 Valukad, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0003214.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vai Vartej Post Valukad Jijitaluka Ghogha Distt Bhavnagar located in Valukad (Takhteshwar, Taluka Ghogha Dist Bhavnagar, Valukad Takhteshwar Taluka Ghogha Dist Bhavnagar, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.