IFSC Code of Bank Of India, Shelu Bazar, Shelu Bazar, Maharashtra — BKID0VG7009

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of India for its Shelu Bazar branch in Washim, Shelu Bazar, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of India situated in Washim or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0VG7009. You should 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, Shelu Bazar, Washim

Here are the key points that are associated with the IFSC Code BKID0VG7009 of Bank Of India for its branch located in Washim, within the district of Shelu Bazar in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Bank Of India in Washim for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0VG7009 for the Shelu Bazar branch of Bank Of India has a very important role.

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 BKID0VG7009 is given to every bank branch, including Bank Of India located in Shelu Bazar, Washim, 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 Washim.
• 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 Washim and Shelu Bazar.
• 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 Shelu Bazar doesn't end up at another location.

Format of the IFSC Code BKID0VG7009

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 Shelu Bazar in Washim.

For example, the IFSC Code BKID0VG7009 of Bank Of India for the Shelu Bazar branch includes these elements, identifying the bank and the branch location in Washim and Maharashtra accurately.

How to Find IFSC Code for Bank Of India?

To find the IFSC Code BKID0VG7009 of Bank Of India for its Shelu Bazar branch located in Washim, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Bank Of India and go to the branch locator section. Then search for Shelu Bazar or Washim to find the exact IFSC Code BKID0VG7009.

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 maintains an updated database of all IFSC codes. Searching for Bank Of India and Washim will provide accurate information.

How to Use IFSC Code BKID0VG7009 for Online Transfers?

Once you have the IFSC Code BKID0VG7009 for the Shelu Bazar branch of Bank Of India in Washim, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code BKID0VG7009. 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 BKID0VG7009.

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 Shelu Bazar in Washim, 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 Shelu Bazar, 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 Washim manage online transfers as well as cheque clearances with ease.