Following are the IFSC Code Details of Habra Wb Branch Bank of India Habra (Wb) BKID0004059

Which Bank IFSC Code is BKID0004059?

IFSC Code BKID0004059 belongs to Branch Name: Habra of Bank of India located at Raja Marketjessore Roadnorth 24 Parganas Habra West Bengal 7432

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-digit alphanumeric code that uniquely identifies every bank branch in India that participates in online money transfer systems. It works as a crucial address for ensuring smooth and accurate electronic fund transfers. It acts as a crucial address for ensuring accurate electronic fund transfers.

Structure of an IFSC Code:

First 4 characters: Bank’s name (e.g., HDFC, SBI, ICICI)
5th character: Always 0 (zero)
Last 6 characters: Specific branch of the bank

Uses of IFSC Codes:

Online money transfers: NEFT, RTGS, and IMPS all require IFSC codes to specify the recipient’s bank branch.
Cheque clearance: Used for faster cheque clearance processes.
Linking bank accounts: Linking accounts for mutual funds, loan repayments, etc., often involves IFSC codes.

How to Find Your IFSC Code:

Cheque book: Printed at the top of the cheque leaf.

Bank passbook: Printed on the front page.

Bank website/app: Available in your account information.

Third-party websites: Several websites offer IFSC code search features.

Bank branch: Visit your branch for assistance.

Common Questions:

Do all bank branches have IFSC codes?

No, only those participating in online money transfer systems have IFSC codes.

Can I use the same IFSC code for all transfer types?

Yes, the IFSC code remains constant for NEFT, RTGS, and IMPS.

What happens if I enter an incorrect IFSC code?

The transfer may be delayed or returned, so double-check the code before initiating a transaction.

Can I find IFSC codes for international banks?

No, IFSC codes are specific to Indian banks. For international transfers, you’ll need SWIFT codes.

Additional Information:

IFSC codes are issued by the Reserve Bank of India (RBI).
They are essential for smooth and secure electronic fund transfers in India.
Always verify the IFSC code with the recipient before initiating a transfer to avoid errors or delays.

About Bank of India:

• A Banking Pioneer: Founded in 1906 by eminent businessmen from Mumbai, Bank of India (BOI) is one of India’s oldest and most respected banks.
• Nationalized for Growth: Nationalized in 1969, BOI has grown into a major financial institution with a strong pan-India and international presence.
• A Trusted Partner: With over 5,100 branches spread across India and 60 branches/offices abroad, BOI serves millions of individuals, businesses, and corporations.

Here are some of the key features of Bank of India:

• Personal Banking: Savings accounts, current accounts, credit cards, debit cards, loans, mutual funds, insurance, and more.
• Corporate Banking: Loans, cash management, trade finance, foreign exchange, investment banking, and more.
• Wholesale Banking: Specialized services for large corporates and institutions.
• Rural Banking: Dedicated focus on providing financial inclusion and economic development in rural areas.