Select Branch for Bank Of India in Indore, Madhya Pradesh

Choose a branch to view IFSC code and details

Branch
Ab Road

BKID0008836

UG 8 KANCHANSAGAR COMPLEX181 OLD PALASIAABROAD AB ROAD
Branch
Airport Road

BKID0MG0461

AIRPORT ROAD
Branch
AnnaPurna Road

BKID0008833

36 BANK COLONYANNAPURNA ROADINDORE
Branch
Barlai

BKID0MG0431

BARLAI
Branch
Betma

BKID0MG0442

10,PURA BAZAR,BETMA
Branch
Bicholi Mardana

BKID0008829

AT POST BICHOLI MARDANATEHSIL DISTRICT INDORE
Branch
BijalPur

BKID0008826

MAIN ROADBIJALPUR P O RAJENDRA NAGAR
Branch
Chandrawatiganj

BKID0MG0439

VP CHANDRAWATIGANJ
Branch
Collectorate Indore

BKID0008862

PRABHAT HEIGHTS 3 LALBAGH MAIN ROAD INDORE 452001
Branch
Darzi Karadia

BKID0MG0430

DARZI KARADIA
Branch
DepalPur

BKID0MG0435

AP DEPALPUR
Branch
Devi Ahilya Marg

BKID0008805

901 M G ROADKHATIPURA INDORE
Branch
Dewas Naka

BKID0008853

4FF 1S 3 SCHNO78 OPPOSITE MAHINDRAMOTORS INDORE MP 452010
Branch
Dhar Naka

BKID0008831

46 M G ROADDHAR NAKA TEHSIL MHOW
Branch
Eccb Indore

BKID0008931

SCHEME 134, PLOT 9 RC, MR 10, NIPANIYA, INDORE
Branch
Gandhi Nagar

BKID0MG0449

BC MARKET,GANDHI NAGAR
Branch
Gandhi Nagar Indore

BKID0009940

PLOT NO 81 C ONKAR MARG GANDHI NAGAR INDORE NEAR NEHARU GARDEN DIST INDORE MADHYA PRADESH PIN 453112
Branch
GoPur Square

BKID0008849

VIJAY LAXMI TOWER 3126 E SECTOR SUDAMA NAGAR INDORE 452009
Branch
GoutamPura

BKID0MG0436

AP GOUTAMPURA
Branch
Gurunanak Timber Market

BKID0008832

261 RANJIT BHAVAN NEAR BHATIA PETROL PUMPDHAR ROAD LABRIA BHERUINDORE
Branch
Harsola

BKID0MG0470

VILL PO HARSOLA
Branch
Head Office

BKID0MG9999

MPGB 204 C21 BUSINESS PARK, M R 10, RADISSON SQUAREINDORE, PINCODE 452010
Branch
Indore

BKID0MG0429

192 JAWAHAR MARG
Branch
Indore

BKID0008800

PUNGALIA BHAVANSANTHA BAZAR
Branch
Indore Asset Recovery Branch

BKID0008930

BANK OF INDIA ZONAL OFFICE STAR HOUSE, PLOT NO. 9 RC, SCHEME NO 134 STAR SQUARE MR10 INDORE PIN 452010
Branch
Indore Mcb

BKID0008837

345 PU 4 SCHEME NO54 3RD FLOORAB ROAD INDORE
Branch
Indore Service

BKID0008850

POONGALIA BHAWAN 2ND FLOOR1ST SANTHA BAZAR INDORE
Branch
Indore Vijay Nagar

BKID0008810

GF A SCHEME NO 54NEAR SICA SCHOOL MAIN ROAD
Branch
Indore Zonal Office

BKID000ZO47

345 A PU4 SHEME NO 54 A B ROAD INDORE
Branch
Kalariya

BKID0MG0437

KALARIYA
Branch
Kampel

BKID0MG0438

KAMPEL
Branch
Kanadiya Road

BKID0008857

SHAGUN RESIDENCY SHOP NO 1 6KANADIYA ROAD BANGALI SQUARE INDORE
Branch
Kanchan Baug

BKID0008825

13 B RATLAM KOTHIKANCHAN BAGH
Branch
KasturbaGram

BKID0008821

KASTURBAGRAMKHANDWA ROAD INDORE
Branch
Kesar Bagh

BKID0008864

5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001
Branch
Khajrana

BKID0MG0440

KHAJRANA
Branch
Labriya Bherudhar Road

BKID0008863

227 TONGYA COMPOUND LABRIYA BHERU DHAR ROAD INDORE M P 452002 STD CODE 0731
Branch
Mahalaxmi Nagar

BKID0008834

354 A NIPANIA ROADMAHALAXMI NAGAR INDORE MP
Branch
Malharganj

BKID0008806

3031KAILASH MARGMALHARGANJ INDORE
Branch
Malwa Mill

BKID0008860

PLOT NO190 SCHEME NO91 MALWA MILLANAJ MANDI INDORE 452003
Branch
Manglia

BKID0008815

BLOCK NO 8 BOMBAY AGRA ROADMANGLIA P O
Branch
ManPur

BKID0MG0445

TAMBOLI MOHHALLA
Branch
Mhow

BKID0MG0434

MAIN STREET, MHOW TEH
Branch
Mhowgoan

BKID0MG0452

GAIKWAD CHORAHA
Branch
Musakhedi

BKID0008861

H B 73 SCHEME NO 94 MUSAKHEDI MAIN ROAD RING ROAD INDORE 452001
Branch
Musakhedi

BKID0MG0432

MUSAKHEDI
Branch
Nemawar Road

BKID0008835

1824 KAUSALYA PURIWARD NO 59 CHITAWAD NAVLAKHA
Branch
Nipaniya

BKID0008865

13 SAMAR PARK NIPANIYA NEAR APOLO D B CITY INDORE M P 452010 STD CODE 0731
Branch
Palasia

BKID0008801

5751 MAHATMA GANDHI ROAD INDORE
Branch
Palasia

BKID0MG0447

MPGB 83 NEW PALASIA
Branch
Palasia Sp Housingpersonal

BKID0008809

MORYA CENTRE 16 DR RSBHANDARI MARGOPP BASKET BALL COMPLEX
Branch
Palda

BKID0MG0465

262 SHRIRAM NAGAR
Branch
PardesiPura

BKID0008859

1222 PARDESIPURA NEARSUGNADEVI COLLEGE INDORE
Branch
Pipliyahana

BKID0MG0458

74B GREATER BRIJESHWA
Branch
PithamPur Industrial EState

BKID0009816

402E1 SECTORMHOW NEEMUCH ROADPITHAMPUR
Branch
RajendraNagar

BKID0008814

2 B RAJENDRANAGARRAJENDRANAGAR
Branch
Rambagh

BKID0008804

177 TILAKPATHRAMBAGH
Branch
Ramchandra Nagar

BKID0008820

7 8 RAMCHANDRANAGARAERODROME ROAD INDORE
Branch
Rangwasa

BKID0MG0428

RANGWASA
Branch
Rangwasa

BKID0008854

592MAIN ROAD GROUND FLOORRANGWASA DISTT INDORE
Branch
Rau

BKID0MG0443

V P RAU
Branch
Rntmarg

BKID0008807

1481 RAVINDRANATH TAGORE MARGINDORE
Branch
Saket Nagar

BKID0008802

202 SAKETINDORE
Branch
Sanwer

BKID0MG0433

SANVER DIST INDORE
Branch
Sapna Sangeeta Roadindore

BKID0MG0466

603,SNEH NAGAR BEHIND
Branch
Schno One Thirty Four Indore

BKID0008868

SCHNO134 PLOT NO 9
Branch
Semlya Chao

BKID0008933

PANCHAYAT BHAWAN,VILLAGE SEMLYA CHAO,KANADIA ROAD,THE KANADIA,DIST INDORE 452016
Branch
Service Branch Indore

BKID0MG0444

192 JAWAHAR MARG
Branch
Siyaganj

BKID0008803

34 SIYAGANJ MEHTA CHAMBER MAIN ROADINDORE
Branch
Sneh Nagar

BKID0008808

36 SNEHNAGAR NARMADA CHAMBERSAPNA SANGEETA ROAD
Branch
Sudama Nagar Indore

BKID0MG0448

2554E SUDAMA NAGAR
Branch
Sukhalia

BKID0008841

AH 21 SENIOR HIG SUKHALIYAMAIN ROAD MR 10
Branch
Talawali Chanda

BKID0MG0462

CO NEETA CHAMBERS
Branch
Vijay Nagar Indore

BKID0MG0457

1111,SCHEME NO.114,PAR

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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