IFSC Code of Bank Of India, Vite, Vite Dist Sangli, Maharashtra- BKID0001509

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 Vite branch in Vite (Dist. Sangli), Vite Dist Sangli, Maharashtra, 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 Vite (Dist. Sangli) or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code BKID0001509. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of India, Vite, Vite (Dist. Sangli)

Here are the key points that are associated with the IFSC Code BKID0001509 of Bank Of India for its branch located in Vite (Dist. Sangli), within the district of Vite Dist Sangli in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of India in Vite (Dist. Sangli) for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code BKID0001509 for the Vite 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 that is provided by the Reserve Bank of India. A unique IFSC like BKID0001509 is given to every bank branch, including Bank Of India located in Vite, Vite (Dist. Sangli), Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Vite (Dist. Sangli).
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Vite (Dist. Sangli) and Vite Dist Sangli.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of India in Vite doesn't end up at another location.

Format of the IFSC Code BKID0001509

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 Vite in Vite (Dist. Sangli).

For example, the IFSC Code BKID0001509 of Bank Of India for the Vite branch includes these elements, identifying the bank and the branch location in Vite (Dist. Sangli) and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0001509 of Bank Of India for its Vite branch located in Vite (Dist. Sangli), 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 Vite (Dist. Sangli) and Vite Dist Sangli, 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 Vite or Vite (Dist. Sangli) to get the exact IFSC Code BKID0001509.

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 Vite (Dist. Sangli) that will provide accurate information.

How to Use IFSC Code BKID0001509 for Online Transfers?

Once you have the IFSC Code BKID0001509 for the Vite branch of Bank Of India in Vite (Dist. Sangli), you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0001509. 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 BKID0001509.

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 Vite in Vite (Dist. Sangli), your payment can get delayed or might not go through at all.

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 Vite, 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 Vite (Dist. Sangli) to handle online money transfers and get their cheques cleared smoothly.