For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of India for its Psr Engineering College branch in Virudhunagar, Virudhunagar, Tamil Nadu, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of India located in Virudhunagar or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code BKID0008158. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Psr Engineering College, Virudhunagar

Here are the main details that are associated with the IFSC Code BKID0008158 of Bank Of India for its branch located in Virudhunagar, within the district of Virudhunagar in the state of Tamil Nadu.

Particulars Details
Bank Bank Of India
IFSC Code BKID0008158
Branch Psr Engineering College
City Virudhunagar
District Virudhunagar
State Tamil Nadu
Address Psr Engg College Premise Sevelpatti Postsattur Taluk Virudhunagar District

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Virudhunagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0008158 for the Psr Engineering College branch of Bank Of India is vital.

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 Psr Engineering College, Virudhunagar, Tamil Nadu, are allotted a unique IFSC like BKID0008158 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Virudhunagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Virudhunagar and Virudhunagar.
  • 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 Psr Engineering College reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.

Format of the IFSC Code BKID0008158

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 Psr Engineering College in Virudhunagar.

For example, the IFSC Code BKID0008158 of Bank Of India for the Psr Engineering College branch includes these elements, identifying the bank and the branch location in Virudhunagar and Tamil Nadu accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0008158 of Bank Of India for its Psr Engineering College branch located in Virudhunagar, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Virudhunagar and Virudhunagar, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Psr Engineering College or Virudhunagar to get the exact IFSC Code BKID0008158.

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 keeps an updated list of all IFSC codes. If you search for Bank Of India and Virudhunagar, you'll get the correct details.

How to Use IFSC Code BKID0008158 for Online Transfers?

Once you have the IFSC Code BKID0008158 for the Psr Engineering College branch of Bank Of India in Virudhunagar, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0008158. 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 BKID0008158.

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 Psr Engineering College in Virudhunagar, 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 Psr Engineering College, 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 Virudhunagar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Psr Engineering College, Virudhunagar?

The IFSC Code is BKID0008158.

Is the IFSC Code BKID0008158 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Psr Engineering College?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Psr Engineering College branch?

The address of the branch is Psr Engg College Premise Sevelpatti Postsattur Taluk Virudhunagar District located in Virudhunagar, Virudhunagar, Tamil Nadu.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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