IFSC Code of Bank Of India, Basti, Varanasi, Uttar Pradesh- BKID0007170

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Basti branch in Varanasi, Varanasi, Uttar Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Varanasi or anywhere in Uttar Pradesh can easily transfer funds instantly by using the correct IFSC Code BKID0007170. You should 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, Basti, Varanasi

Below in the table are the key details related to IFSC Code BKID0007170 of Bank Of India for its branch located in Varanasi, within the district of Varanasi in the state of Uttar Pradesh.

These details help users in online banking and for businesses and individuals who use Bank Of India in Varanasi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0007170 for the Basti 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Basti, Varanasi, Uttar Pradesh, is provided with a unique IFSC like BKID0007170 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Varanasi.
• 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 Varanasi and Varanasi.
• 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 Uttar Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Basti do not get mixed with another location.

Format of the IFSC Code BKID0007170

This is the format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Basti in Varanasi.

For example, the IFSC Code BKID0007170 of Bank Of India for the Basti branch includes these elements, identifying the bank and the branch location in Varanasi and Uttar Pradesh accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0007170 of Bank Of India for its Basti branch located in Varanasi, 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 Varanasi and Varanasi, 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 Basti or Varanasi to find the exact IFSC Code BKID0007170.

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 Varanasi will provide accurate information.

How to Use IFSC Code BKID0007170 for Online Transfers?

Once you have the IFSC Code BKID0007170 for the Basti branch of Bank Of India in Varanasi, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0007170. 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 BKID0007170.

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 Basti in Varanasi 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 Basti, 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 Varanasi to handle online money transfers and get their cheques cleared smoothly.