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Bank of India: IFSC code

The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.

For Bank of India's 11-digit IFSC code, the first four letters will be 'BKID', and the last 6 digits will represent a specific branch code. For example, the IFSC code of the Bank of India branch on Hauz Khas,G-1, Hauz Khas Enclave, Mehrauli Road, New Delhi110016, is BKID0006005. Here, 006005 is the branch code.

Timings

NEFT transaction timings: Can be done any time, however, credits to the beneficiary account shall be on same day/ immediate next working depending on the time of payment and beneficiary bank.

RTGS:
  • Week Days 09:15 a.m. - 03:45 pm
  • Saturday 09:15 a.m. - 11:45 a.m.

Charges
Outward RTGS transactions at Rs 5 per transaction

Outward NEFT at Rs 2.5 for transa ctions up to Rs10,000
Rs 5 per transaction for transactions above Rs10,000

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