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 Varkala branch in Varkala (Ke), Varkala Ke, or Kerala, 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 Varkala (Ke) or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code BKID0008594. 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, Varkala, Varkala (Ke)
The table below shows the main details of the IFSC Code BKID0008594 for the Bank Of India branch in Varkala (Ke), which falls under the Varkala Ke district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0008594 |
| Branch | Varkala |
| City | Varkala (Ke) |
| District | Varkala Ke |
| State | Kerala |
| Address | Pankaj Plaza Temple Roadmaidhanam Varkala |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Varkala (Ke) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008594 for the Varkala branch of Bank Of India is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Varkala, Varkala (Ke), Kerala, is provided a unique IFSC like BKID0008594 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of India branch in Varkala (Ke).
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Varkala (Ke) and Varkala Ke.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Kerala and the rest of India, the IFSC Code ensures that transactions meant for Bank Of India in Varkala do not get misguided to another person.
Format of the IFSC Code BKID0008594
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 Varkala in Varkala (Ke).
For example, the IFSC Code BKID0008594 of Bank Of India for the Varkala branch has these elements, identifying the bank and the branch location in Varkala (Ke) and Kerala correctly.
How to Find IFSC Code for Bank Of India?
If you are trying to find the IFSC Code BKID0008594 of Bank Of India for its Varkala branch located in Varkala (Ke), 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 Varkala (Ke) and Varkala Ke, 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 Varkala or Varkala (Ke) to get the exact IFSC Code BKID0008594.
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 Varkala (Ke) that will provide accurate information.
How to Use IFSC Code BKID0008594 for Online Transfers?
Once you have the IFSC Code BKID0008594 for the Varkala branch of Bank Of India in Varkala (Ke), you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0008594. The transfer is completed in batches instead of instantly. It is useful for both 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 BKID0008594.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of India Varkala in Varkala (Ke), your payment can get delayed or might not go through at all.
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 Varkala, 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 Varkala (Ke) manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0008594.
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 Pankaj Plaza Temple Roadmaidhanam Varkala located in Varkala (Ke), Varkala Ke, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.