Select District for Bank Of India in Jharkhand
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AdityaPur
AhilyaPur Distgiridih
AlkaPuri Distt Giridih
Amaghata Dist Dhanbad
Amrapara
Atka Dist Giridih
Badam Dist Hazaribagh
Baddiha Distgiridih
Bagodar Jd
Bagra Mod Dist Chatra
Bagru Dist Lohardaa
Balidih Dist Bokaro
Balsagra Dist Hazaribagh
Balumath
Bandgaon District West Singhbhum
Banjhedih Distkoderma
Bano Dist Simdega
Bantara Dist Hazaribagh
Bara Amda Dist Seraikela Kharsawan
Barbil
Bardiha
Barhi Dist Hazaribagh
Barkagaon Dist Hazaribagh
Barkatha Dist Hazaribagh
Barmasia Dist Bokaro
Barwa Adda Dist Dhanbad
Basodih Dist Koderma
Batbinor Dist Bokaro
Bayang Dist Seraikela Kharsawan
Bend Disteast Singhbhum
Bengabad Distt Giridih
Bera Dist Dhanbad
Bermo
Bero
Bhaga Bandh Dhanbad
Bhaga Dhanbad
Bhagabandi Dist East Singhbhum
Bhagidera Dist Gumla
Bhandra Distlohardaga
Bharno Jd
Bhatdee Dist Dhanbad
Bhendra Dist Bokaro
Bhojudih Dist Bokaro
Bhoya Dist West Singhbhum
Bhulan Bararee Dist Dhanbad
Bhuli Dist Dhanbad
Bhurkunda Disthazaribagh
Birda Dist Ranchi
Birkiti Dist Pakur
Biru District Simdega
Bishnugarh Dist Hazaribagh
BishunPur Dist Gumla
Bodam
Bokaro
Bokaro Steel City
Bolba Dist Simdega
Bundu
Burmu Dist Ranchi
Buti Dist Lohardaga
Chaibasa
Chaibasa Jd
ChainPur Bargaon
ChainPur Dist Gumla
ChakradharPur
Chakulia Purbi Singhbhum
Chaliama Distseraikela Kharsawan
ChandraPura Jharkhand
Chandwara
Charhi Disthazaribagh
Chas Jharkhand
Chatra
Chatra Dist Chatra
Chatro Distgiridih
Chauparan Disthazaribagh
Cheera Chas Dist Bokaro
Chirkunda Dhanbad
Chittaranjan
Chota Muri
Chotki Kharagdiha Distgiridih
Chowka Dist Seraikela Kharsawan
DadPur Disthazaribagh
Dalaikela Distwest Singhbhum
Dalbhanga Dist Seraikela Kharsawan
Daltonganj
Dantar Dist Chatra
Daru Distt Hazaribag Jd
Dc Office Gumla
Deoghar
Deoghar Dist Deoghar Jharkhand
Deori
Dhalbhumgarh Disteast Singhbhum
Dhanbad
Dhatkidih Dist East Singhbhum
Diankel Distranchi
Domchanch Dist Koderma
Doranda Distgiridih
Dugda Coal Washery Dist Bokaro
Dumaria Dist East Singhbhum
Dumka
Dumri
Dumri Dist Gumla
Dwarpahari Dist Giridih
Ena Dist Dhanbad
GajPur Dist West Singhbhum
Galudih
Galudih Dist Seraikela Kharsawan
Gandey Dist Giridih
Garhwa
Garhwa Jharkhand
Gari Kalan Dist Hazaribagh
Gawan Dist Giridih
Getalsud Dist Ranchi
Ghaghra Dist Gumla
Ghato Tand Jharkhand
Ghatsila
Ghoraling Dist Seraikela Kharsawan
Ghorthamba
Ghuiyapal Dist East Singhbhum
Gidi Dist Hazaribagh
Giridih
GobindPur Dist West Singhbhum
Godda
Godda Jarkhand
Gohal Dangra Disteast Singhbhum
Gomia Bihar
Gomoh Dist Dhanbad
GopalPur
Gosaindih Dist Chatra
GovindaPur Dhanbad
GovindPur Dist Ranchi
Gua District West Singhbhum
Gumla
Gumla Dist
Haludpukur
Hargamaria
Hata Dist East Singhbhum
Hazaribag
Hazaribagh
Hirodih Distt Koderma Jd
Hunterganj Dist Chatra
Ichak More Jd
Inderwa Dist Koderma
Isri Bazar Distgiridih
Itkhori
JagannathPur
JaiNagar Jharkhand
Jainamore Jharkhand
Jaldega Distsimdega
Jamshedpuir
JamshedPur
Jamtara
Jamua Distt Giridih Jd
Jari Jd
Jaridih Bazar Dist Bokaro
Jawalkata Dist East Singhbhum
Jeenagora Dist Dhanbad
Jharia
Jhumritelaiya
Jhumritilaiya
Jori Dist Chatra
Jugsalai
Kairo
KalikaPur District East Singhbhum
Kalyandih Jd
Kamdara Jharkhand
Kandra Dist Dhanbad
Karaikella Distwest Singhbhum
KariatPur Disthazaribagh
Kariodih Dist Pakur
Karma Distt Ramgarh Jd
Karra Dist Ranchi
Kasmar Dist Bokaro
Katin Dist East Singhbhum
Katrasgarh Distdhanbad
Kedla Jd
Kendua Distgiridhi
Keredari
Kerukocha
Kessurgarh Distdhanbad
Khaira Chatar Dist Bokaro
Khandamauda
Kharagdiha Dist Hazaribagh
Kharsawan Jharkhand
Khelari
Khunti
Kiriburu
Kisko Dist Lohardaga
Kodarma
Koderma
Kolabera Dist Seraikela Kharsawan
Kolibera Distt Simdega Jd
Kopali Jharkhand
Korra Jd
Kotam Distgumla
Kuchai Dist Seraikela Kharsawan
Kuju
Kuju Dist Ramgarh Cantt
Kurdeg Dist Simdega
Kuru Distt Lohardaga Jd
Kusunda Dhanbad
Lachragarh Dist Simdega
Laikdih Dist Dhanbad
Lalpania Jharkhand
Lateharjharkhand
Lodai Jharkhand
Lodna Dist Dhanbad
Lohar
Lohardaga
Lohardagga
Mahagama
Mahesh Munda Dist Giridih
Maithan Dhanbad
Majhgaon District West Singhbhum
Makdiha Dist Giridih
Mamarkudar Dist Bokaro
Manaitand Dist Dhanbad
Mandu Dist Hazaribagh
Mangura Dist Hazaribagh
Manjhatoli Dist Gumla
ManoharPur Dist Singhbhum Jharkhand
Marar Distt Ramgarh Jd
Markachho Distkoderma
Masmohna Dist Koderma
Mechua Dist East Singhbhum
Mirzaganj Distgiridih
MoganPur Dist Hazaribagh
MohanPur Dist East Singhbhum
Moko Distdhanbad
Mosabani Dist East Singhbhum
Motia Dumariavia Godda Dist Godda
Moudasholi Dist East Singhbhum
Mugma Dist Dhanbad
Muram Kalan Dist Ramgarh
Muturkham Dist East Singhbhum
Nagri
Namkum
Nawada Dist Hazaribagh
Nawadih Distbokaro
Nawalsahi District Koderma
Nimdih
Nimiaghat Dist Giridih
Nirsa Dist Dhanbad
Noamundi
Ormanjhi
Otar Dist West Singhbhum
Padma Dist Hazaribagh
Pakur Dist Pakur Jharkhand
Palkot Dist Gumla
Panchhat
Parasnath Bihar
Parsan Distgiridih
Patamda Dist East Singhbhum
Pathaldiha Distkoderma
Patratu Disthazaribagh
Pesham Distgiridih
Peshrar Jharkhand
Phulchi Dist Giridih
Phulwaria Dist Koderma
Phusro Bazar Dist Bokaro
Pichari Distt Bokaro
Pindrajora Dist Bokaro
Pipcho Dist Koderma
Pirtand Distgiridih
Pithoria Dist Ranchi
Potka
PratapPur Dist Chatra
Putki Dist Dhanbad
RadhaNagar Raj Dist Sahibganj
RaghunathPur
Raidih Dist Gumla
Raidihmore Dist Ranchi
Rajdhanwar Distgiridih
Rajganj Dist Dhanbad
RajNagar
Rajrappa Project Dist Hazaribagh
Ramgarh
Ramgarh Cantt
Ramgarh Jd
RamNagar
Ranchi
Ratu
Religara Dist Hazaribagh
Remba Distgiridih
SaGramdih Dist Dhanbad
Sahibganj
SaketPuri Jharkhand
Saraikela-kharsawan
Saram
Saram Bazar Dist Bokaro
Sarangashol Dist East Singhbhum
Sarubera Jd
Satgawan Distkoderma
Sayal Dist Ramgarh Cannt
Senha Dist Lohardaga
Seraikela
Seraikela Dist Seraikela Kharsawan
Shaharjam Dist Chatra
ShahPur Jharkhand
Sikidiri Dist Ranchi
Silli Dist Ranchi
Simaria Dist Chatra
Simdega
Singhbhum
Sini
Situ Ichagarh
Siwandih Jd
Sonarpara Dist Pakur
Sonua District West Singhbhum
Sultana Disthazaribagh
SunderNagar
Suriya Dist Giridih
Swang Colliery Dist Bokaro
Taljhari Dist Sahibganj
Tandwa Dist Chatra
Tangar Dist Ranchi
Tatijharia
Tatisilvawai
Tebo Dist West Singhbhum
Telidih Dist Bokaro
Telmocho Dist Dhanbad
Telo
Tentulia Bokaro
Tenughat Distt Bokaro
Tetulmari Dist Dhanbad
Thakurgaon Dist Ranchi
Tiruldih Dist Seraikela Kharsawan
Tisra Dist Dhanbad
Tisri Distgiridih
Topa Jd
Topchanchi Dist Dhanbad
Tupkadih Bokaro Jd
Tupudana
Tutilawa Dist Chatra
Ukumadkam Dist West Singhbhum
Uperdugni Dist Seraikela Kharsawan
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.
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