IFSC Code BKID0MG8001 - Bank of India-MULTAI-Betul
| Detail | Information |
|---|---|
| IFSC Code | BKID0MG8001 |
| Bank Name | Bank of India |
| Address | STATION ROAD, TEHSIL MULTAI, DISTT BAITUL 460661 |
| District | Betul |
| State | Madhya pradesh |
| Branch | Multai |
| Contact | +919424362144 |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 460653506 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-MP |
| Bankcode | BKID |
Overview of BKID0MG8001
The IFSC code BKID0MG8001 is associated with the Betul MULTAI Branch of Bank of India. Located in the bustling city of Betul, MADHYA PRADESH, this branch is one of the many Bank of India branches that cater to the banking needs of the local residents. The code "BKID" in BKID0MG8001 represents Bank of India Bank, while 0MG8001 signifies the unique branch code for MULTAI.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like BKID0MG8001, for the MULTAI Branch, cannot be overstated. It acts as an address that identifies both the Bank of India and its specific branch in Betul. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.
Deep Dive into BKID0MG8001
The IFSC code BKID0MG8001 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with Bank of India in Betul. Let's break down the details:
- IFSC Code (BKID0MG8001): This unique code is essential for electronic fund transfers. The first four characters "BKID" represent the bank's name, Bank of India. The last six characters "0MG8001" are a unique identifier for the MULTAI branch.
- Bank Name (Bank of India): One of [country]'s leading banks, Bank of India offers a wide range of banking products and financial services to its vast customer base.
- Address (STATION ROAD, TEHSIL MULTAI, DISTT BAITUL 460661): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Betul, MADHYA PRADESH): The branch is situated in the heart of Betul, the capital city of MADHYA PRADESH. A city known for its [CITY_FEATURES].
- Branch (MULTAI): The [AREA_NAME] area in Betul is a hub of activity, and the Bank of India branch here caters to both individual and business banking needs.
- Phone Number (+919424362144): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.