Bank of India, RO SHAHDOL, SHAHDOL Branch IFSC Code

The IFSC code BKID0MG1500 is assigned to Bank of India, RO SHAHDOL located in SHAHDOL, MADHYA PRADESH. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name Bank of India
IFSC Code BKID0MG1500
Branch Code MG1500
Branch RO SHAHDOL
City SHAHDOL
District SHAHDOL
State MADHYA PRADESH
Address REGIONAL OFFICE SHAHDOL BUDHAR ROAD SHAHDOL MP 484001 Maps
Contact +918770849224

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

BKID Bank Code
0 Reserved (0)
MG1500 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code BKID0MG1500 is the Indian Financial System Code assigned to Bank of India, RO SHAHDOL branch in SHAHDOL, MADHYA PRADESH. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in SHAHDOL, SHAHDOL, MADHYA PRADESH. The full address is: REGIONAL OFFICE SHAHDOL BUDHAR ROAD SHAHDOL MP 484001

The branch code is MG1500. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Bank of India.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: BKID0MG1500
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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