Bank Of India Mumbai ifsc code

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Bank Of India IFSC code in mumbai

Bank Of India IFSC code in mumbai is an 11 digit code used in online fund transfers. All the banks have number of branches spread across the country. It is not always feasible to wait for BOI physical cheques to travel across the country to transfer funds. Internet banking provides a solution to this. To carry out online transactions using RTGS, IMPS or NEFT, each bank branch needs to be identified individually. IFSC codes for Bank Of India in BOI are used for the same purpose and hence are unique. NOTE that not all branches support electronic fund transfer, only those approved by RBI can provide such facility. The Bank Of India IFSC code list for mumbai is provided by RBI.