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 Yavaluj branch in Yavluj (Tal Panhala Dist Kolhapur), Yavluj Tal Panhala Dist Kolhapur, 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 Yavluj (Tal Panhala Dist Kolhapur) or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code BKID0000939. 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, Yavaluj, Yavluj (Tal Panhala Dist Kolhapur)
Here are some of the key details that come with the IFSC Code BKID0000939 of Bank Of India for its branch located in Yavluj (Tal Panhala Dist Kolhapur), within the district of Yavluj Tal Panhala Dist Kolhapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0000939 |
| Branch | Yavaluj |
| City | Yavluj (Tal Panhala Dist Kolhapur) |
| District | Yavluj Tal Panhala Dist Kolhapur |
| State | Maharashtra |
| Address | At Post Yavalujtal Panhala Dist Kolhapur |
These details helps users in online banking and for businesses and individuals who use Bank Of India in Yavluj (Tal Panhala Dist Kolhapur) for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000939 for the Yavaluj 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 Yavaluj, Yavluj (Tal Panhala Dist Kolhapur), Maharashtra, are allotted a unique IFSC like BKID0000939 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Yavluj (Tal Panhala Dist Kolhapur).
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Yavluj (Tal Panhala Dist Kolhapur) and Yavluj Tal Panhala Dist Kolhapur.
- 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 Yavaluj reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code BKID0000939
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 Yavaluj in Yavluj (Tal Panhala Dist Kolhapur).
For example, the IFSC Code BKID0000939 of Bank Of India for the Yavaluj branch includes these elements, identifying the bank and the branch location in Yavluj (Tal Panhala Dist Kolhapur) and Maharashtra accurately.
How to Find IFSC Code for Bank Of India?
If you are looking for the IFSC Code BKID0000939 of Bank Of India for its Yavaluj branch located in Yavluj (Tal Panhala Dist Kolhapur), 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 Yavluj (Tal Panhala Dist Kolhapur) and Yavluj Tal Panhala Dist Kolhapur, 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 Yavaluj or Yavluj (Tal Panhala Dist Kolhapur) to get the exact IFSC Code BKID0000939.
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 Yavluj (Tal Panhala Dist Kolhapur), then it will provide you proper information.
How to Use IFSC Code BKID0000939 for Online Transfers?
Once you have the IFSC Code BKID0000939 for the Yavaluj branch of Bank Of India in Yavluj (Tal Panhala Dist Kolhapur), you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BKID0000939. Transfers are processed in batches. This is suitable for 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 BKID0000939.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Yavaluj in Yavluj (Tal Panhala Dist Kolhapur) may 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 Yavaluj, 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 Yavluj (Tal Panhala Dist Kolhapur) to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Yavaluj Yavluj (Tal Panhala Dist Kolhapur) branch is BKID0000939.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at At Post Yavalujtal Panhala Dist Kolhapur.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.