Select Branch for Bank Of India in Hyderabad, Andhra Pradesh

Choose a branch to view IFSC code and details

Branch
Adikmet

BKID0005647

2 1 520 TO 2 1 526 VIJAYASRI SAI CELESTIASHANKAR MUTT ROAD STREET NO9 NALLAKUNTA
Branch
Ameerpet

BKID0008629

SHOP NO 4 NAGASURI PLAZAOPP ADITYA ENCLAVEAMEERPET HYDERABAD 500038
Branch
Andhra Pradesh Police Academy

BKID0008635

HIMAYAT SAGARRANGAREDDY DIST
Branch
AttaPur

BKID0008678

4 6 6911 AND 6VASUDEVA REDDY COMPLEX
Branch
Azamabad Ssi

BKID0008626

DOOR NO1 1 187AABOVE TRINETRA SUPER MARKET
Branch
BalaNagar

BKID0008640

SHIV GANESH COMPLEX7 4 1945 GROUND FLOOR
Branch
Banjara Hills C And P

BKID0008639

CHANDRA APARTMENTNO 8 2 5418 ROAD NO 7BANJARA HILLS
Branch
Bashirbagh

BKID0008601

5 9 3031 34 NEW MLA QOPPGANDHI MED COLLEG
Branch
Cherlapally

BKID0005711

HNO 2 10 219 ECNAGARCHERLAPALLYHYDERABAD
Branch
DilsukhNagar

BKID0008643

16 11 7407 NEAR NIKHIL HOSPITALDILSUKHNAGAR GADDIANNARAM
Branch
Film Nagar

BKID0008660

LAXMI GANAPATHI NILAYAMPLOT NO 1 ROAD NO 76
Branch
Gachibowli

BKID0005636

HNO1 585A GRAMAKANTHAM GACHIBOWLI VILLAGSERILINGAMPALLI MANDAL MUNI RR DISTT
Branch
Habsiguda

BKID0005717

4 71 21A NACHARAM MAIN ROADHABSIGUDA HYDERABAD 500 076
Branch
Hyderabad

BKID0008600

5 8 659 NAMPALLY STATION ROADP B NO134
Branch
Hyderabad Asset Recovery

BKID0008630

10 1 1199 1ST FLOOR ACGUARDSPTI BUILDINGHYDRABAD
Branch
Hyderabad Housing And Personal F

BKID0008679

10 1 1199 2 PTI BLDG IST FLR AC GUARDSHYDERABAD
Branch
Hyderabad Large Corporate

BKID0005625

10 1 11992 PTI BUILDING 1ST FLOORAC GUARDS
Branch
Hyderabad Secunderabad Service

BKID0008625

3 4 215 R K COMPLEX GR FLRKACHIGUDA STATION ROAD
Branch
Kachiguda

BKID0008606

3 4 215 RKCOMPLEX GROUND FLOORKACHIGUDA STATION ROAD
Branch
Khairatabad

BKID0008609

PTI BUILDING GROUND FLOOR10 1 11992AC GUARDS
Branch
Kphb Colony

BKID0005712

PLOT NO 138 KPHB VI PHASE KUKATPALLYHYDERABAD
Branch
Kukatpally

BKID0008624

ADR ESTATE IST FLOORBHAGYANAGAR COLONY
Branch
L B Nagar

BKID0008699

HNO 3 8 110 GR FLR OPP VIJAYALAKSHMI THEACHANDRAPURI COLONY LBNAGAR HYDERABAD 500074
Branch
Lingampally

BKID0005653

PLOT NO 10 NALLAGANDLA HUDA TRADE CENTRESHERLINGAMPALLY RR DIST
Branch
MadhaPur

BKID0008638

PLOT NO38 HNO 1 98113 GRFLOORARUNODAYA COLONY HITEC THEATRE ROAD MAHDAPUR
Branch
Malakpet

BKID0008627

16 2 8772 TIRUMALA TOWERSMALAKPET P B NO1317
Branch
Malkajgiri

BKID0008602

MALKAJGIRIHYDERABAD
Branch
Mallareddy Institute Of Medica

BKID0005710

MALLAREDDY MEDICAL COLLEGE 1 1 216SURARAM X ROADS SURARAM QUTHBULLAPUR
Branch
Mansoorabad

BKID0005648

GROUND FLOOR HNO3 11 155 RTC COLONYKHAMINENI HOSPITAL TO RR DIST COURTS ROAD
Branch
Mehdipatnam

BKID0008628

SHOP NO 332 TO 336 SAFA ARCADE 2ND FLOORMEHDIPATNAM X ROADS
Branch
MiyaPur

BKID0008672

HEMA DURGA PLAZAMIYAPUR GACHIBOWLI ROAD
Branch
Neredmet

BKID0008641

30 1672 NEREDMETRAMAKRISHNA PURAM
Branch
SainikPuri

BKID0005664

PLOT NO 800 H NO 2181 GROUND FLOORDEFENCE COLONY SAINIKPURI MAIN ROAD SECUN
Branch
Sanjeevareddy Nagar

BKID0008637

243 RT 1ST FLOORSANJEEVA REDDY NAGAR
Branch
SaroorNagar

BKID0008642

10 A HUDA COMPLEXSAROORNAGAR
Branch
Shamshabad

BKID0005663

HNO 20 114 R B NAGAR COLONYSHAMSHABAD MANDAL R R DISTT
Branch
Sultan Bazar

BKID0008607

D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR

What are Bank Of India IFSC Codes?

The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.

The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.

How to Read the Structure of the Bank Of India IFSC Code

The IFSC code is an 11-character code consisting of three distinct elements:

  • First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
  • Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
  • Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.

Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.

How to Locate an Bank Of India IFSC Code

Locating an IFSC code is relatively straightforward and can be done using any of the following methods:

  • Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
  • Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
  • Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
  • Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
  • Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
  • RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.

Importance of IFSC Code in Fund Transfers

The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:

  • NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
  • RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
  • IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
  • Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.

Benefits of Using IFSC Code

Here are the main benefits of IFSC codes you must know:

  • Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
  • Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
  • Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.

Procedure to Perform Bank Of India Fund Transfer Using IFSC Code

Fund transfer using an IFSC code is a simple yet vital process:

  • Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
  • Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
  • Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
  • Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
  • Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.

How to Open a Bank Of India Bank Account

Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:

Eligibility Criteria

  • Any citizen over 18 years old is eligible to open a bank account.
  • In the case of minors, parents or guardians can open an account on their behalf.
  • Non-residents are also eligible, provided they fulfill certain conditions established by the banks.

Required Documents

  • Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
  • Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
  • PAN Card: A PAN card is required for tax compliance.
  • Passport Size Photographs: Usually, two to three recent photographs are needed.
  • Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.

Process to Open an Account

  • Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
  • Fill Out the Form: Complete the account opening form with your personal information.
  • Submit Documents: Provide documents verifying your identity and address.
  • Initial Deposit: Make an initial deposit if required by the specific type of account.
  • Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
  • Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.

Loan EMI Calculator: Importance and Types

For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.

Loan Calculators

  • Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
  • Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.

EMI Calculators

  • EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 Years: Estimates returns over a 15-year period.
  • PPF Calculator 30 Years: Projects returns over a 30-year period.

Conclusion

An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.

Frequently Asked Questions (FAQs)

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.

The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.

You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.

Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.

In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.

No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.

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