IFSC Code of Bank Of India, Madhya Pradesh, Indore, Sudama Nagar Indore

BKID0MG0448

Bank Of India

Bank Of India

IFSC Code

BKID0MG0448
MICR Code

452653007
Bank Name Bank Of India
District Indore
State Madhya Pradesh
Address 2554e Sudama Nagar
Phone +918120115900

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the Bank Of India Branch Near You

List of all Bank Of India Branch IFSC Code

Ab Road

BKID0008836

UG 8 KANCHANSAGAR COMPLEX181 OLD PALASIAABROAD AB ROAD
Airport Road

BKID0MG0461

AIRPORT ROAD
AnnaPurna Road

BKID0008833

36 BANK COLONYANNAPURNA ROADINDORE
Barlai

BKID0MG0431

BARLAI
Betma

BKID0MG0442

10,PURA BAZAR,BETMA
Bicholi Mardana

BKID0008829

AT POST BICHOLI MARDANATEHSIL DISTRICT INDORE
BijalPur

BKID0008826

MAIN ROADBIJALPUR P O RAJENDRA NAGAR
Chandrawatiganj

BKID0MG0439

VP CHANDRAWATIGANJ
Collectorate Indore

BKID0008862

PRABHAT HEIGHTS 3 LALBAGH MAIN ROAD INDORE 452001
Darzi Karadia

BKID0MG0430

DARZI KARADIA
DepalPur

BKID0MG0435

AP DEPALPUR
Devi Ahilya Marg

BKID0008805

901 M G ROADKHATIPURA INDORE
Dewas Naka

BKID0008853

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

BKID0008831

46 M G ROADDHAR NAKA TEHSIL MHOW
Eccb Indore

BKID0008931

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

BKID0MG0449

BC MARKET,GANDHI NAGAR
Gandhi Nagar Indore

BKID0009940

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

BKID0008849

VIJAY LAXMI TOWER 3126 E SECTOR SUDAMA NAGAR INDORE 452009
GoutamPura

BKID0MG0436

AP GOUTAMPURA
Gurunanak Timber Market

BKID0008832

261 RANJIT BHAVAN NEAR BHATIA PETROL PUMPDHAR ROAD LABRIA BHERUINDORE
Harsola

BKID0MG0470

VILL PO HARSOLA
Head Office

BKID0MG9999

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

BKID0008800

PUNGALIA BHAVANSANTHA BAZAR
Indore

BKID0MG0429

192 JAWAHAR MARG
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
Indore Mcb

BKID0008837

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

BKID0008850

POONGALIA BHAWAN 2ND FLOOR1ST SANTHA BAZAR INDORE
Indore Vijay Nagar

BKID0008810

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

BKID000ZO47

345 A PU4 SHEME NO 54 A B ROAD INDORE
Kalariya

BKID0MG0437

KALARIYA
Kampel

BKID0MG0438

KAMPEL
Kanadiya Road

BKID0008857

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

BKID0008825

13 B RATLAM KOTHIKANCHAN BAGH
KasturbaGram

BKID0008821

KASTURBAGRAMKHANDWA ROAD INDORE
Kesar Bagh

BKID0008864

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

BKID0MG0440

KHAJRANA
Labriya Bherudhar Road

BKID0008863

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

BKID0008834

354 A NIPANIA ROADMAHALAXMI NAGAR INDORE MP
Malharganj

BKID0008806

3031KAILASH MARGMALHARGANJ INDORE
Malwa Mill

BKID0008860

PLOT NO190 SCHEME NO91 MALWA MILLANAJ MANDI INDORE 452003
Manglia

BKID0008815

BLOCK NO 8 BOMBAY AGRA ROADMANGLIA P O
ManPur

BKID0MG0445

TAMBOLI MOHHALLA
Mhow

BKID0MG0434

MAIN STREET, MHOW TEH
Mhowgoan

BKID0MG0452

GAIKWAD CHORAHA
Musakhedi

BKID0008861

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

BKID0MG0432

MUSAKHEDI
Nemawar Road

BKID0008835

1824 KAUSALYA PURIWARD NO 59 CHITAWAD NAVLAKHA
Nipaniya

BKID0008865

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

BKID0008801

5751 MAHATMA GANDHI ROAD INDORE
Palasia

BKID0MG0447

MPGB 83 NEW PALASIA
Palasia Sp Housingpersonal

BKID0008809

MORYA CENTRE 16 DR RSBHANDARI MARGOPP BASKET BALL COMPLEX
Palda

BKID0MG0465

262 SHRIRAM NAGAR
PardesiPura

BKID0008859

1222 PARDESIPURA NEARSUGNADEVI COLLEGE INDORE
Pipliyahana

BKID0MG0458

74B GREATER BRIJESHWA
PithamPur Industrial EState

BKID0009816

402E1 SECTORMHOW NEEMUCH ROADPITHAMPUR
RajendraNagar

BKID0008814

2 B RAJENDRANAGARRAJENDRANAGAR
Rambagh

BKID0008804

177 TILAKPATHRAMBAGH
Ramchandra Nagar

BKID0008820

7 8 RAMCHANDRANAGARAERODROME ROAD INDORE
Rangwasa

BKID0008854

592MAIN ROAD GROUND FLOORRANGWASA DISTT INDORE
Rangwasa

BKID0MG0428

RANGWASA
Rau

BKID0MG0443

V P RAU
Rntmarg

BKID0008807

1481 RAVINDRANATH TAGORE MARGINDORE
Saket Nagar

BKID0008802

202 SAKETINDORE
Sanwer

BKID0MG0433

SANVER DIST INDORE
Sapna Sangeeta Roadindore

BKID0MG0466

603,SNEH NAGAR BEHIND
Schno One Thirty Four Indore

BKID0008868

SCHNO134 PLOT NO 9
Semlya Chao

BKID0008933

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

BKID0MG0444

192 JAWAHAR MARG
Siyaganj

BKID0008803

34 SIYAGANJ MEHTA CHAMBER MAIN ROADINDORE
Sneh Nagar

BKID0008808

36 SNEHNAGAR NARMADA CHAMBERSAPNA SANGEETA ROAD
Sukhalia

BKID0008841

AH 21 SENIOR HIG SUKHALIYAMAIN ROAD MR 10
Talawali Chanda

BKID0MG0462

CO NEETA CHAMBERS
Vijay Nagar Indore

BKID0MG0457

1111,SCHEME NO.114,PAR

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine 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.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed 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

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

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