IFSC Code of Bank Of India, Varanasi Retail Hub, Varanasi, Uttar Pradesh- BKID0006907

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 Varanasi Retail Hub branch in Varanasi, Varanasi, Uttar Pradesh, 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 Varanasi or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code BKID0006907. 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, Varanasi Retail Hub, Varanasi

Below in the table are the key details related to IFSC Code BKID0006907 of Bank Of India for its branch located in Varanasi, within the district of Varanasi in the state of Uttar Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Varanasi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006907 for the Varanasi Retail Hub 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 Varanasi Retail Hub, Varanasi, Uttar Pradesh, are allotted a unique IFSC like BKID0006907 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Varanasi.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Varanasi and Varanasi.
• 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 Varanasi Retail Hub reaches the right place, even though there are thousands of branches in Uttar Pradesh and across India.

Format of the IFSC Code BKID0006907

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 Varanasi Retail Hub in Varanasi.

For example, the IFSC Code BKID0006907 of Bank Of India for the Varanasi Retail Hub 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?

If you are trying to find the IFSC Code BKID0006907 of Bank Of India for its Varanasi Retail Hub branch located in Varanasi, 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 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 find the branch locator section. Search for Varanasi Retail Hub or Varanasi to get the exact IFSC Code BKID0006907.

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 Varanasi that will provide accurate information.

How to Use IFSC Code BKID0006907 for Online Transfers?

Once you have the IFSC Code BKID0006907 for the Varanasi Retail Hub 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 BKID0006907. 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 BKID0006907.

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 Varanasi Retail Hub in Varanasi may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of India in Varanasi Retail Hub, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Varanasi manage online transfers as well as cheque clearances with ease.