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 Zirakpur branch in Zirakpur, Zirakpur, Punjab, 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 Zirakpur or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code BKID0006589. 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, Zirakpur, Zirakpur
Here are the key points that are associated with the IFSC Code BKID0006589 of Bank Of India for its branch located in Zirakpur, within the district of Zirakpur in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Bank Of India |
| IFSC Code | BKID0006589 |
| Branch | Zirakpur |
| City | Zirakpur |
| District | Zirakpur |
| State | Punjab |
| Address | Sco 1 4Dashmesh Enclavepatiala Lohgarh Roalohgarh Roadadjoining Keshav Hospitalzirakp |
These details help users in online banking and for businesses and individuals who use Bank Of India in Zirakpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0006589 for the Zirakpur 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of India located in Zirakpur, Zirakpur, Punjab, are allotted a unique IFSC like BKID0006589 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Zirakpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Zirakpur and Zirakpur.
- 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 Zirakpur reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code BKID0006589
The format of the IFSC Code for banks, including Bank Of India, has 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 Zirakpur in Zirakpur.
For example, the IFSC Code BKID0006589 of Bank Of India for the Zirakpur branch includes these elements, identifying the bank and the branch location in Zirakpur and Punjab correctly.
How to Find IFSC Code for Bank Of India?
To find the IFSC Code BKID0006589 of Bank Of India for its Zirakpur branch located in Zirakpur, 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 Zirakpur and Zirakpur, 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 Zirakpur or Zirakpur to find the exact IFSC Code BKID0006589.
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 Zirakpur will provide accurate information.
How to Use IFSC Code BKID0006589 for Online Transfers?
Once you have the IFSC Code BKID0006589 for the Zirakpur branch of Bank Of India in Zirakpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code BKID0006589. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 BKID0006589.
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 Zirakpur in Zirakpur, 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 Zirakpur, 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 Zirakpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BKID0006589.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Sco 1 4Dashmesh Enclavepatiala Lohgarh Roalohgarh Roadadjoining Keshav Hospitalzirakp located in Zirakpur, Zirakpur, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.