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Aarni Mh

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Dhamangaon Railway

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Dhatav

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Dhule

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Gargoti

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Gargoti Tal Bhudargad Dist KolhaPur

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Ghodpeth

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Godoli

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Goregaon

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Gunjewahi Dist ChandraPur

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Gursale

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Gursale Dist SolaPur

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Harihareshwar Dist Raigad

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Harshi

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Hatid Dist SolaPur

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Hatkanangale

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Hebbal Jaldyal Dist KolhaPur

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Hinganghat

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Hinganghat Mh

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Hingani Dist Wardha

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Hingna

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Hingoli

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Hiwara

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Hiwara Bazar DistnagPur

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Hiwarkhed

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Hudkeshwar

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Hupari

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Ichalakaranji

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Ichalkaranji

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IndaPur Dist Pune

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IndaPur Dist Raigad

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IslamPur

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IslamPur Distt Sangli

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Jadar Bablad Dist Sangli

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Jaigad Mh

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Jalgaon

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Jalgaon J

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Jalgaon Jamod

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Jalna Maharashtra

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Jam Dist Wardha

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Jamabhavali Dist Raigad

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Jamathi

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Jamod

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Janjira Murud Dist Raigad

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Jath Dist Sangli

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Jaulka

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Jawala

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JaysingPur

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Jeur

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Jeur Dist SolaPur

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Jeur Karmala

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Jinti Dist SolaPur

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Jiwati

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Jule SolaPur

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Junnar Dist Pune

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Kabnoor

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Kadav Dist Raigad

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Kadegaon Dist Sangli

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Kadholi

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Kadivali

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Kadwai Tal Sangameshwardist Ratnagiri

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Kagal

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Kakodi

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Kalane

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Kale Karad Dist Satara

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Kale Tal Panhala Dist KolhaPur

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Kaledhon Dist Satara

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Kalimati

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Kallamb

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Kamtha Dist Gondia

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Kamti

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Kandalgaon Dist SolaPur

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Kandri Tal Ramtek Dist NagPur

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Kangaon Dist Wardha

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Kanheri Sarap

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Kankavali

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Kanur Khurd Tal Chandgad Dist KolhaPur

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Karad

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Karanja

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Karanja G

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Karanja Ghadge Distt Wardha

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Karanja Lad

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Karanji

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Karbude

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Kargaon DistnagPur

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Karjagi

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Karjath

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Karkamb

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Karmala

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Karmala Dist SolaPur

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Kasaba Valve Dist KolhaPur

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Kasegaon Distt Sangli

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Katangikala

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Katol

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Kavhe Dist SolaPur

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Kawathe Mahankal Distsangli

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Kedgaon Taldaund Dist Pune

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Kelwad Dist NagPur

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Kelzer

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Khamala

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Khambada

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KhanaPur Dist Sangli

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Khaparkheda

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Kharadi Dist SolaPur

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Khat Dist NagPur

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Khed

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Khopi

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Kodamendhi DistnagPur

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Kokrud Dist Sangli

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KolhaPur

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Konalkatta Tal Kasai Dodamarg Dist Sindhudurg

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Konda Kosra Dist Bhandara

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Kondhali Dist NagPur

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Kontev Boblad Dist Sangli

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Kopargaon Dist AhmedNagar

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Korchi

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Korchi Mh

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Koregaon

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Korpana

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Korti Dist SolaPur

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Kothari Dist ChandraPur

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Kotoli KolhaPur

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Kudal

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Kudali

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Kudwa

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Kumbhari

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Kunghada

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Kurduwadi Dist SolaPur

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Kurhadi

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Kurkheda Dist Gadchiroli

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Kurli

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Kurul Dist SolaPur

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Kurundhunda Dist Ratnagiri

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Lakhandur

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Lakhandur Dist Bhandara

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Lakhani

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Lakhani Dist Bhandara

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Lamboti

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Lanja

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Lanja Dist Ratnagiri

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Latur Dist Latur Zone SolaPur

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Latwan Tal Mandangad Dist Ratnagiri

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Laul Dist SolaPur

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Lavale Distt Pune

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Laxmi Dahiwadi Dist SolaPur

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LaxmiPuri KolhaPur Cts

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Lengare Dist Sangli

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Loha Distt Nanded

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Lonar

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Lonar Vkgb

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Loni

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Lote Taluka Kheddist Ratnagiri

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Madgyal Dist Sangli

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Madha Dist SolaPur

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Madheli Dist ChandraPur

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Madur Dist KolhaPur

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Mahad Dist Raigad

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Mahagaon

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Mahiravani Mh

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Mahud Burduk

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Majgaon

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Malegaon

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Malegaon Dist Nasik

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Malegaon Jahagir

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Malewada

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Malgaon Dist Sangli

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MaliNagar

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MalkaPur

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MalkaPur Akola

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MalkaPur Buldana

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Malkavathe

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Malkhed Dist Amravati

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Malshiras

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Malsiras Dist SolaPur

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Malvan

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Malvan Dist Sindhudurg

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Mandgaon Dist Wardha

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Mandhal Mh

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Mandhangad Ratnagiri

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Mandrup Dist SolaPur

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Manegaon

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Mangali

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Mangaon

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Mangaon Raigad

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Mangle Dist Sangli

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Manglwedha Dist SolaPur

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Mangrul Zanak

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Manjari

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MankaPur

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Manora

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Manora Dist ChandraPur

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Mansar

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Maregaon

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Marwade Dist SolaPur

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Mauda

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Mayani Dist Satara

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Mehkar

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Mhaisal

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Mhaisang

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Mhapral Distratnagiri

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Mhasala Dist Raigad

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Mindala Dist ChandraPur

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Miraj

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Mithbav Tal Devgad Dist Ratnagiri

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Mithgavne TalrajaPur Dist Ratnagiri

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Mohadi

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Mohadi M

District

Mohapa

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Mohol Dist SolaPur

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Morangana Dist Wardha

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Morshi

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Morshi Dist Amravati

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Motala

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Motegaon

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Mothi Umari

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Mouda Mh

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Mowar Dist NagPur

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Mozari

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Mukutban

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Mul

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Mul Dist ChandraPur

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Mulchera

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Mumbai

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Mumbai South

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Mungala

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Murgud Dist KolhaPur

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Murmadi

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Murmadi Tupkar Distbhandara

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MurtizaPur

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Murud Raigad Dist

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Murumgaon

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Mutat

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Nachangaon Dist Wardha

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Nagansur Dist SolaPur

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Nagbhid

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Nagbhir Dist ChandraPur

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NagPur

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Nagri

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Nagthane

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Naigaon

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Nakadongri

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Nala Sopara Dist Thane

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Nalasopara West

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Nanda Gomukh Dist NagPur

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Nandafata

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Nanded Dist Nanded Mh

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Nandgaon Khandeshwar

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Nandgaon Tal Kankavali Dist Sindhudurg

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Nandori

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Nandre

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Nandura

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Nandurbar

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Narayangaon Dist Pune

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Narkhed NagPur

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Narvel

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Nashik

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Nasik

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Natepute

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Natepute Dist SolaPur

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Navargaon Talshindewadi Dist ChandraPur

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Navegaon

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Navi Mumbai

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Nawegaon More Dist ChandraPur

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Ner

District

Nere Dist Raigad

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Neri Dist ChandraPur

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Nesari Tal Gadhinglaj Dist KolahPur

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New Bombay

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New Mumbai

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Neware Tal Dist Ratnagiri

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Nhavare Dist Pune

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Nimbargi Dist SolaPur

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Nimboni

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Nimgaon

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Nimsod Dist Satara

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Nivali

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Old City Akola

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Omerga SolaPur

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Oras Dist Sindhudurg

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Osargaon

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Osmanabad

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Otavane

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Pachad Dist Raigad

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Pachal

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Pachal Tal RajaPur Dist Ratnagiri

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Pahurjira

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Paithan Dist Raigad

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Pal

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Palandur

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Palasgaon

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Palgad Taldapoli Dist Ratnagiri

District

Palghar

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Palghar Dt Thane Maharashtra

District

Pali Sudhagad Mh

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Palus Dist Sangli

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Panchgaon Dist NagPur

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Pandara Dist Pune

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Panderi Tal Mandangad Dist Ratnagiri

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Pandhar Pauni Dist ChandraPur

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Pandharabodi Dist Gondia

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Pandhari

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Pandharkawada

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PandharPur

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PandharPur Dist SolaPur

District

Pangaon Dist SolaPur

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Pangari Dist SolaPur

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Pangloli Dist Raigad

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Panvel

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Paoni

District

Paoni DistnagPur

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Paras

District

Paraswada Dist Gondia

District

Paratwada

District

Parbhani

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Pardi

District

Parditakmore

District

Parseoni Dist NagPur

District

Parsodi

District

Pat Tal Kudal Dist Sindhudurg

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Patansaongi

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Patgaon Tal Bhudargad Dist KolhaPur

District

Patur

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Patwardhan Kuroli

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Pawashi

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Ped Dist Sangli

District

Pen

District

Pen Dist Raigad

District

Phaltan Dist Satara

District

Phansavane

District

Phansgaon

District

Phansu

District

Piliv Dist SolaPur

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Pimpalgaon

District

Pimpalgaon Basawant Dist Nasik

District

Pinguli Dist Sindhudurg

District

Pisarve Dist Pune

District

Pohana Dist Wardha

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Pohara Dist Bhandara

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Poip

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PoladPur Dist Raigad

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Porle Tarf Thane Dist KolhaPur

District

Prabhanvalli Tal Lanja Dist Ratnagiri

District

Prunagad Tal Dist Ratnagiri

District

Pulgaon

District

Pune

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PurushottamNagar Dist Nandurbar

District

Pusad

District

Pusad Mh

District

Pusesavli Dist Satara

District

RadhaNagari Dist KolhaPur

District

Raigad

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Rajanda

District

RajaPur

District

RajaPur Mh

District

Rajoli Dist ChandraPur

District

Rajura

District

Ralegaon

District

Ralegaon Mh

District

Ramgad

District

Ramraj Dist Raigad

District

Ramtek

District

Ranala

District

Ranjani Dist Sangli

District

Rashiwade Dist KolhaPur

District

Ratnagiri

District

Rawanwadi

District

Redni Dist Pune

District

RenaPur Mh

District

Rewasgaon Dist Raigad

District

Risod

District

Risod Maharashtra

District

Roha

District

Roha Dist Raigad

District

Rohana Dist Wardha

District

Ropale

District

Rukadi Dist KolhaPur

District

RukhminiNagar

District

Runza

District

Sadak Arjuni

District

Sade Dist SolaPur

District

Sadoli Khalsa Dist KolhaPur

District

Sahoor Dist Wardha

District

Sakharpa Dist Ratnagiri

District

Sakoli

District

Salekasa

District

Salgar Bk

District

SamudraPur Distt Wardha

District

Sanbur Dist Satara

District

Sangadi

District

Sangameshwar

District

Sangamner Maharashtra

District

Sangli

District

Sangola

District

Sangola Dist SolaPur

District

Sangve Distsindhudurg

District

Saoli

District

Saoner

District

Saripalle

District

Sarood Dist KolhaPur

District

Saswad Dist Pune

District

Satana Mh

District

Satara

District

Satavli Tallanja Dist Ratnagiri

District

Sateli Bhedshi Talsindhudurg

District

Sawalaj

District

Sawana

District

Sawantwadi

District

Sawar

District

Sawarde Maharashtra

District

Sawargaon Dist NagPur

District

Seloo Mharashtra

District

Sengaon

District

Service Branch NagPur

District

Shahad Kalyan

District

ShahaPur Dist Bhandara

District

Shahuwadi Dist KolhaPur

District

Shalgaon Dist Sangli

District

ShankarPur

District

Shegaon

District

Shegaon Bk

District

Shelgaon Bazar

District

Shelgaon R Dist SolaPur

District

Shelu Bazar

District

Shiposhi

District

Shirala Dist Sangli

District

Shirasgaon Kasba

District

Shirdi

District

Shirgaon Taldevgad Dist Ratnagiri

District

Shirol

District

ShirPur

District

Shirur

District

Shirwal

District

Shirwal Dist SolaPur

District

Shitalwadi DistnagPur

District

ShreePur

District

Shrigonda Mh

District

ShriramPur

District

Shrivardhan Mh

District

Sihora Dist Bhandara

District

Sillode Mh

District

Sindewahi

District

Sindhudurg Mh

District

Sindhudurg Nagari Oras

District

Sindkhed Raja

District

Sinnar Dist Nasik

District

Sironcha

District

Sironcha Dist Gadchiroli

District

Sirsangi Dist KolhaPur

District

SolaPur

District

Sonke Dist SolaPur

District

Sukadi

District

Sukli Bai Dist Wardha

District

SultanPur

District

Takalghat Dist NagPur

District

Takari Dist Sangli

District

Tala Dist Raigad

District

Talawade Tal Sawantwadi Dist Sindhudurg

District

Talawali

District

Tale

District

Talegaon

District

Talegaon Dabhade Mh

District

Talere Sindhudurg

District

Talkat

District

Talodhi B

District

Taloja Dist Raigad

District

Tandulja Mh

District

Tarsa

District

Tasgaon

District

Telhara

District

Telkamptee Dist NagPur

District

Tembhurni

District

Temburni Dist SolaPur

District

Thana Amgaon Distgondia

District

Thana Bhandara

District

Thane

District

Thanegaon Dist Wardha

District

Theur Dist Pune

District

Tirora

District

Tisangi Tal Khed Dist Ratnagiri

District

Tiwasa

District

Tohogaon

District

Tukum

District

TuljaPur

District

Tumsar

District

Udgir

District

Ugawa

District

Ule

District

Umadi Distsangli

District

Umara

District

Umarkhed

District

Umbarde Tal Vaibhavwadi Dist Sindhudurg

District

Umbare

District

Umred

District

Undri

District

Uplai Bk

District

Ural

District

Uran Dist Raigad

District

UrjaGram Mh

District

Uttur Dist KolahPur

District

Vaduj Khatav

District

Vaduth Dist Satara

District

Vaibhavwadi Distsindhudurg

District

Vairag

District

Vairagad Dist Gadchiroli

District

Vansadi Dist ChandraPur

District

Vasai

District

Vashi

District

Vathar Kiroli Dist Satara

District

Vatul TalrajaPur Dist Ratnagiri

District

Veet Dist SolaPur

District

VelaPur

District

Veldoor

District

Vengurla Dist Sindhudurg

District

Veravali Budruk Tal Lanjadist Ratnagiri

District

Vesvi

District

Vihirgaon Tehsil Rajura Dist ChanraPura

District

Vijaydurg Tal Devgaddist Sindhudurg

District

Vikhroli West

District

Vilam Virum Dist ChandraPur

District

Vinhere Dist Raigad

District

Virli

District

VisaPur

District

Vite Dist Sangli

District

Vivekanand Nagar

District

Wada Tal Devgad Dist Sindhudurg

District

Wadadha

District

Wadasa

District

Wadegaon

District

Wadgaon

District

Wadholi Dist ChandraPur

District

Wadilimbuchi

District

Wadner Dist Wardha

District

Wafgaon Dist Pune

District

Wai Dist Satara

District

WalchandNagar Dist Pune

District

Wani

District

Wani Mh

District

Wardh

District

Wardha

District

Warora

District

Warthi

District

Warud

District

Warwat Bakal

District

Wasambe Mohopada

District

Washim

District

Washim Mh

District

Wirur Dist ChandraPur

District

Yavatmal

District

Yavluj Tal Panhala Dist KolhaPur

District

Yelavi Dist Sangli

District

Yellur Dist Sangli

District

Yenere Dist Pune

District

Yenwa Dist NagPur

District

Yeola Distt Nasik

District

Zare Dist Sangli

District

Zarijamni

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.