The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Vijaydurg branch in Vijaydurg (Tal Devgad,Dist Sindhudurg), Vijaydurg Tal Devgaddist Sindhudurg, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of India located in Vijaydurg (Tal Devgad,Dist Sindhudurg) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001450. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of India, Vijaydurg, Vijaydurg (Tal Devgad,Dist Sindhudurg)
Here are some of the key details that come with the IFSC Code BKID0001450 of Bank Of India for its branch located in Vijaydurg (Tal Devgad,Dist Sindhudurg), within the district of Vijaydurg Tal Devgaddist Sindhudurg in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0001450 |
| Branch | Vijaydurg |
| City | Vijaydurg (Tal Devgad,Dist Sindhudurg) |
| District | Vijaydurg Tal Devgaddist Sindhudurg |
| State | Maharashtra |
| Address | House No 61 Bandar Roadat Post Vijaydurgtaluka Deogad |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Vijaydurg (Tal Devgad,Dist Sindhudurg) for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0001450 for the Vijaydurg 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, including Bank Of India located in Vijaydurg, Vijaydurg (Tal Devgad,Dist Sindhudurg), Maharashtra, is provided with a unique IFSC like BKID0001450 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of India branch in Vijaydurg (Tal Devgad,Dist Sindhudurg).
- 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 Vijaydurg (Tal Devgad,Dist Sindhudurg) and Vijaydurg Tal Devgaddist Sindhudurg.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Vijaydurg do not get mixed with another location.
Format of the IFSC Code BKID0001450
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 Vijaydurg in Vijaydurg (Tal Devgad,Dist Sindhudurg).
For example, the IFSC Code BKID0001450 of Bank Of India for the Vijaydurg branch includes these elements, identifying the bank and the branch location in Vijaydurg (Tal Devgad,Dist Sindhudurg) and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0001450 of Bank Of India for its Vijaydurg branch located in Vijaydurg (Tal Devgad,Dist Sindhudurg), the following methods can help:
Cheque Book
The cheque book that is issued by Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Bank Of India branches in Vijaydurg (Tal Devgad,Dist Sindhudurg) and Vijaydurg Tal Devgaddist Sindhudurg, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Bank Of India and look for the branch locator section, then search for Vijaydurg or Vijaydurg (Tal Devgad,Dist Sindhudurg) to get the exact IFSC Code BKID0001450.
Mobile Banking App
If you use Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of India and Vijaydurg (Tal Devgad,Dist Sindhudurg), then it will provide you proper information.
How to Use IFSC Code BKID0001450 for Online Transfers?
Once you have the IFSC Code BKID0001450 for the Vijaydurg branch of Bank Of India in Vijaydurg (Tal Devgad,Dist Sindhudurg), you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0001450. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of India IFSC Code BKID0001450.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of India Vijaydurg in Vijaydurg (Tal Devgad,Dist Sindhudurg), it can 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 Vijaydurg, 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 Vijaydurg (Tal Devgad,Dist Sindhudurg) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0001450.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is House No 61 Bandar Roadat Post Vijaydurgtaluka Deogad located in Vijaydurg (Tal Devgad,Dist Sindhudurg), Vijaydurg Tal Devgaddist Sindhudurg, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.