Bank of India, VADUTH, VADUTH DIST SATARA Branch IFSC Code

The IFSC code BKID0001306 is assigned to Bank of India, VADUTH located in VADUTH DIST SATARA, MAHARASHTRA. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name Bank of India
IFSC Code BKID0001306
MICR Code 415013517
Branch Code 001306
Branch VADUTH
City VADUTH DIST SATARA
District VADUTH DIST SATARA
State MAHARASHTRA
Address AT POST VADUTHDISTRICT SATARA Maps
Contact +912162264213

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

BKID Bank Code
0 Reserved (0)
001306 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

415 City Code
013 Bank Code
517 Branch Code

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code BKID0001306 is the Indian Financial System Code assigned to Bank of India, VADUTH branch in VADUTH DIST SATARA, MAHARASHTRA. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in VADUTH DIST SATARA, VADUTH DIST SATARA, MAHARASHTRA. The full address is: AT POST VADUTHDISTRICT SATARA

The branch code is 001306. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Bank of India.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

The MICR (Magnetic Ink Character Recognition) code for this branch is 415013517. MICR code is a 9-digit code used for processing cheques and is printed on cheque leaves.

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: BKID0001306
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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