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 Gokulnagar branch in West Tripura, Sonamura, or Tripura, 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 West Tripura or anywhere in Tripura can transfer funds instantly by using the correct IFSC Code BKID0005073. 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, Gokulnagar, West Tripura

Below in the table are the key details related to IFSC Code BKID0005073 of Bank Of India for its branch located in West Tripura, within the district of Sonamura in the state of Tripura.

Particulars Details
Bank Bank Of India
IFSC Code BKID0005073
Branch Gokulnagar
City West Tripura
District Sonamura
State Tripura
Address Gokulnagar Branchpurba Gokulnagar Po Gokulnagar Dist West Tripura Tripura 799130

These details helps users in online banking and for businesses and individuals who use Bank Of India in West Tripura for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0005073 for the Gokulnagar branch of Bank Of India plays a vital 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, along with Bank Of India located in Gokulnagar, West Tripura, Tripura, are allotted a unique IFSC like BKID0005073 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code BKID0005073

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gokulnagar in West Tripura.

For example, the IFSC Code BKID0005073 of Bank Of India for the Gokulnagar branch includes these elements, identifying the bank and the branch location in West Tripura and Tripura accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0005073 of Bank Of India for its Gokulnagar branch located in West Tripura, 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 West Tripura and Sonamura, 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 Gokulnagar or West Tripura to get the exact IFSC Code BKID0005073.

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 West Tripura that will provide accurate information.

How to Use IFSC Code BKID0005073 for Online Transfers?

Once you have the IFSC Code BKID0005073 for the Gokulnagar branch of Bank Of India in West Tripura, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0005073. 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 BKID0005073.

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 Gokulnagar in West Tripura, 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 Gokulnagar, 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 West Tripura to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of India in Gokulnagar, West Tripura?

The IFSC Code is BKID0005073.

Is the IFSC Code BKID0005073 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of India Gokulnagar?

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

What is the full address of the Gokulnagar branch?

The address of the branch is Gokulnagar Branchpurba Gokulnagar Po Gokulnagar Dist West Tripura Tripura 799130 located in West Tripura, Sonamura, Tripura.

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.