IFSC Code BKID0008740 - Bank of India-SOMALWADA-Nagpur
| Detail | Information |
|---|---|
| IFSC Code | BKID0008740 |
| Bank Name | Bank of India |
| Address | PLOT NO9 MAYASMRUTIWARDHA ROAD SOMALWADA |
| District | Nagpur |
| State | Maharashtra |
| Branch | Somalwada |
| Contact | +917122284839 |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 440013020 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-MH |
| Bankcode | BKID |
Overview of BKID0008740
The IFSC code BKID0008740 is associated with the Nagpur SOMALWADA Branch of Bank of India. Located in the bustling city of Nagpur, MAHARASHTRA, 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 BKID0008740 represents Bank of India Bank, while 0008740 signifies the unique branch code for SOMALWADA.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like BKID0008740, for the SOMALWADA Branch, cannot be overstated. It acts as an address that identifies both the Bank of India and its specific branch in Nagpur. 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 BKID0008740
The IFSC code BKID0008740 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 Nagpur. Let's break down the details:
- IFSC Code (BKID0008740): 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 "0008740" are a unique identifier for the SOMALWADA 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 (PLOT NO9 MAYASMRUTIWARDHA ROAD SOMALWADA): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Nagpur, MAHARASHTRA): The branch is situated in the heart of Nagpur, the capital city of MAHARASHTRA. A city known for its [CITY_FEATURES].
- Branch (SOMALWADA): The [AREA_NAME] area in Nagpur is a hub of activity, and the Bank of India branch here caters to both individual and business banking needs.
- Phone Number (+917122284839): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.