Bank of India
MITHGAVANE BRANCH
+912353224242
Related Branches
Understanding IFSC Code: The Digital DNA of Bank of India
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the MITHGAVANE
branch of Bank of India, the code BKID0001437 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the BKID0001437 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"BKID" represents Bank of India
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for MITHGAVANE
Payment Systems Supported by BKID0001437
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—416013549—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Bank of India in MITHGAVNE TALRAJAPUR DIST RATNAGIRI typically follows the RBI holiday calendar. Digital transfers via BKID0001437 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While BKID0001437 is the valid code for MITHGAVANE at MITHGAVNE TALRAJAPUR DIST RATNAGIRI, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Bank of India Branch List
- • MITHGAVNE TALRAJAPUR DIST RATNAGIRI IFSC Codes
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Financial Tools
- • GST Calculator Online
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Branch Context
- • MITHGAVANE Contact
- • Address of Bank of India
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
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- • Webmaster Tools
- • IFSC Finder v2.0
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