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About Bank of India

Bank of India offers deposit schemes, credit cards and secured and unsecured loans like home loan, personal loan, business loan, loan against property.

  • Lowest Bank of India home loan interest is 6.85%.
  • Low interest personal loan on Bank of India starts at %.
  • Bank of India offer loan against property at a low rate of 10.65%.
  • Highest fixed deposit interest offered by Bank of India is 5.80% per annum on deposits.
  • Bank of India offers high returns upto 7.20% on recurring deposit.
  • Its current MCLR Rate is 7.35% which was last revised on 01st Nov 20.

FAQs

What is the IFSC code for Bank of India?

IFSC code stands for Indian Financial System Code and is a unique eleven-digit number used to transfer funds online between banks. It is a combination of alphabets and numerals, where the first 4 characters of IFSC code represent the name of the bank, the fifth character is 0, and the last 6 numbers define the branch code of the bank.

How can I know my Bank of India IFSC code?

The IFSC Code of a Bank of India is provided on the cheque and passbook provided by < bank name>. You can also visit the bank website of the or RBI's website to know about IFSC Code.

What is IFSC code in Bank of India passbook?

IFSC Code is an 11 digit code, comprising a combination of alphabets and numbers, where first 4 characters represent the name of the bank, the fifth character is 0, and the last 6 digits define the branch code of the bank.

How to use the Bank of India IFSC Code for transferring money online?

IFSC Code can be used to fund transfer between banks for transferring funds online through payments methods such as NEFT, IMPS and RTGS.

What will happen if I provide wrong Bank of India IFSC code while fund transfer?

To transfer funds, you must furnish all the correct information such as Account number as well as IFSC Code. Thus, if you enter the wrong IFSC Code of Bank of India, then the transaction will be failed.

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