Select District for Bank Of India in Gujarat
Choose a district to find branches
Ahmedabad
AlamPur
Alina Taluka Mahudha District Kheda
Alindra Distt Kheda Gj
Amod
Amreli Gj
Anand
Anjar
Ankaleshwar
Atkot Dist Rajkot
Awakhal Tal Sinor Distvadodara
BabaPur Dist Amareli
Bagasara Gujrat
Baladia
Bamangam Tal Borsaddist Anand
Banas Kantha
Banaskantha Gj
Bardoli
Baruch
Bayad Gj
Bed
Bedipara
Bhachau
Bhalpara
Bhandu
Bhanvad Dist JamNagar
Bharasar
Bharuch
Bhat Simroli Tal Keshoddist JuNagarh
BhavNagar
Bhiloda Dt Sabarkantha
Bhimasar Kutch Distt
Bhujj
Bochasan Dist Anand
Botad Dist BhavNagar
Chalthan Dist Surat
Chanasma
Changodar Gj
Chhipdi Dist Kheda
Chhota UdePur
Chikhli Gujarat
Chikhodra Tal Dist Ananad
Chotila Gj
Dahisara GandhiNagar
Dahod Gujarat
Dakor Distkheda
Danta
Dared Distt JamNagar
Dehgam Gj
Desalpar Tal Bhuj Dist Kutch
Devgadh Baria Gj
Dhandhuka
Dhansura
DharamPur
Dhari Gujrat
Dharoli Dist Bharuch
Dhokalia Talsankheda Dist Vadodara
Dholka Distt Ahmedabad
Dhoraji
Dhrol Rajkot
Dohad
Dumas Dist Surat
DungarPur Dist JuNagarh
Dwarka Gj
Fatepar Chanol Distrajkot
Fort Songadh Dist Tapi
Gadhada Distt BhavNagar
Gandhidham
GandhiNagar
GandhiNagar Gj
Ghantia Prachi Tal Veraval Dist JuNagarh
Godhra
Godpar
Gondal
Gorgam Taluka District Valsad
Haldarvas Distt Kheda
Halol
Halvad Dist SurendraNagar
Harij
HimatNagar Dist Sabarkantha
Idar Gujarat
Ins Valsura Dist JamNagar
IsanPur
Itola Dist Vadodara
Jalundh Tal Khambat Dist Anand
JamNagar
Jangral Tal Dist Patan
Jasdan Gujrat
Jivapar Dist Rajkot
Junagadh
Kadi
Kalavad
Kalol
Kamliwada Tal Dist Patan
Kandla
Kanjari Dist Kheda
Kapadvanj Dt Kheda Gujarat
Karamsad
Kardej Via Vartej District BhavNagar
Karjan Vadodara
Kasturbadham Dist Rajkot
Kathana Tal Borsad Dist Anand
Kathlal Dist Kheda
Kavitha Dist Anand
Kera
Keshod
Kevadia Tal Kapadvanj Dist Kheda
Khambat Dist Anand
Khatraj Distt Kheda Gj
Kheda
Kheda Gj
Kheda Gujarat
Khedbrahma
Kheralu Distt Mehsana Gj
Khergam
Khodapipar Dist Rajkot
Kim Char Rasta Tal Mangrol Dist Surat
Kudasan
Kundli Distahmedabad
Kunjrao Dist Anand
Kutch
Kutch Mandvi
Kuvadva Dist Rajkot
LalPur Gujrat
Limbdi
Lingad Tal Choryasi Dist Surat
Longdi Dist BhavNagar
Lunawada
Mahijada Tal Daskori Distahmedabad
Mahuva Gujrat
Manavadar Rajkot
Mangrol Dist JuNagarh
Manund Tal Dist Patan
Martoli
Meda Adraj Gujarat
Mehsana
Modassa
Modhwada Tal Dist Porbandar
Morvi
Mota Fofalia Tal Sinor Distvadodara
Mota Karala Distvadodara
Moti Virani Tal Nakhatranadist Kutch
Mundra Dist Kutch
Nadiad
Nakhatrana
Napad Tal Dist Anand
NaranPur
Navagam Dist Surat
Navsari
Neknam Dist Rajkot
Nirona Dist Kutch
Ognaj Taldaskori Dist Ahmedabad
Paddhari Dist Rajkot
PalanPur
Pansora
Pardi
Patan
PethaPur
Petlad
Pilvai Tal VaijaPur Dist Mehasana
Pipariya Gujrat
Piplata Dist Kheda
Pirana Ahmedabad
Pisawada Dist Ahmedabad
Porbandar
Prantij Dt Sabarkantha
RadhanPur Distt Patan Gj
Rajkot
Rajpipla Gujarat
Rajula Gujarat
Ranghola Po Sanosara Tal Umraladist BhavNagar
Rav Moti
Raval Dist JamNagar
Sadra Tal Dist GandhiNagar
Salal Tal Prantijdist Sabarkantha
Samarkha Distanand
Samlaya Tal Savli Distvadodara
Sanand Gj
Sankheda
Sanoda Tal Dehgaum Dist GandhiNagar
Sardhar Dist Rajkot
Saroda Tal Dholka Dist Ahmedabad
Satem Dist Navsari
Satlasana Distt Mehsana Gj
Savali Gj
Savarkundla Gujrat
SiddhPur
Sihor Dist BhavNagar
Sodhana Tal Dist Porbandar
Sojitra Distanand
Songadh Dist BhavNagar
Sukhpar
SultanPur Dist Rajkot
Surat
SurendraNagar
Talaja Dist BhavNagar
Talala Rajkot
Talod Gujarath
Thol Tal Kadi Distmehasana
Turkha Tal Botad Dist BhavNagar
Ukardina Muwada Distkheda
Umalla Dist Bharuch
Una
Unjha
Upleta Distrajkot
Utavali Tal Tilakwada Distnarmada
Vadal Sourashtra Dist JuNagarh
Vadia Dist Amareli
Vadinar Dist JamNagar
VadNagar Dist Mehsana Gj
Vadodara
Vadodra
Vadtal Dist Kheda
Vallabh VidyaNagar
Valsad
Valukad Takhteshwar Taluka Ghogha Dist BhavNagar
Valvada Taluka Mahuva District Surat
Vamaj Tal Kadi Distmehasana
Vansjalia Dist JamNagar
Vapi
Vasad Gujarat
Vasana Tal Borsad Dist Anand
Vayor Kutch Gj
Velavadar Dist BhavNagar
Veraval Gujrath
Vijalpor Dist Navasari
VijaPur Dist Mehsana Gj
Vinchhiya
Viramgam Gj
VisNagar Dist Mehasana
Vyara Dist Surat
Wadhwan
Wanghroli Distkheda
Wankaner Rajkot
Wankaner Tal Savali Dist Vadodara
Zak Tal Dehgam Gujarath
What are Bank Of India IFSC Codes?
The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.
The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.
How to Read the Structure of the Bank Of India IFSC Code
The IFSC code is an 11-character code consisting of three distinct elements:
- First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
- Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
- Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.
Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.
How to Locate an Bank Of India IFSC Code
Locating an IFSC code is relatively straightforward and can be done using any of the following methods:
- Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
- Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
- Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
- Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
- Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
- RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.
Importance of IFSC Code in Fund Transfers
The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:
- NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
- RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
- IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
- Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.
Benefits of Using IFSC Code
Here are the main benefits of IFSC codes you must know:
- Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
- Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
- Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.
Procedure to Perform Bank Of India Fund Transfer Using IFSC Code
Fund transfer using an IFSC code is a simple yet vital process:
- Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
- Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
- Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
- Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
- Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.
How to Open a Bank Of India Bank Account
Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:
Eligibility Criteria
- Any citizen over 18 years old is eligible to open a bank account.
- In the case of minors, parents or guardians can open an account on their behalf.
- Non-residents are also eligible, provided they fulfill certain conditions established by the banks.
Required Documents
- Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
- Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
- PAN Card: A PAN card is required for tax compliance.
- Passport Size Photographs: Usually, two to three recent photographs are needed.
- Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.
Process to Open an Account
- Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
- Fill Out the Form: Complete the account opening form with your personal information.
- Submit Documents: Provide documents verifying your identity and address.
- Initial Deposit: Make an initial deposit if required by the specific type of account.
- Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
- Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.
Loan EMI Calculator: Importance and Types
For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.
Loan Calculators
- Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
- Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
- Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
- Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
EMI Calculators
- EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
- EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
- EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.
Interest Calculators
- Interest calculator yearly: Calculates the annual interest on loans or investments.
SIP Calculators
- SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
- SIP Calculator Return: Estimates the returns on SIP investments.
- SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
- SIP Calculator Months: Provides monthly breakdowns of SIP investments.
- SIP Calculator Online: An online tool for calculating SIP returns.
- SIP Calculator Yearly: Offers yearly projections of SIP returns.
PPF Calculators
- PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
- PPF Generator: Generates detailed reports on PPF investments.
- PPF Calculator 15 Years: Estimates returns over a 15-year period.
- PPF Calculator 30 Years: Projects returns over a 30-year period.
Conclusion
An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.
Frequently Asked Questions (FAQs)
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.
The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.
You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.
Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.
In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.
No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.
Latest Blog Posts
-
Advance EMIs Explained: How Early Payments Can Save You Money & Strengthen Your Credit
Paying EMIs in advance reduces loan interest, boosts your credit score, and lightens monthly burdens. Discover how advance EMIs improve your financial health.
-
Car Loan EMI Calculation Made Simple: Save More with Smart Planning
Calculate your car loan EMIs in seconds! Use our smart EMI calculator to compare options, save on interest, and plan your finances confidently.
-
Home Loans vs SIP Investments: Choose the Smarter Option for Your Future
Confused between SIP investments and home loans? Learn the pros and cons of each to make smarter, goal-based financial decisions. Find out what suits you best.
-
How to Accurately Calculate EMIs for Car Loans
Learn how to calculate car loan EMIs with precision. Understand key factors, use EMI formulas or calculators, and plan repayments confidently.
-
A Guide on How to Use a Mortgage Loan EMI Calculator
Learn how to use a mortgage loan EMI calculator step by step. Estimate monthly payments, compare loans, and plan better with accurate EMI calculations.